GROWTH, GROWTH, GROWTH? - INTERESTING TIMES 60

In this podcast, we examine what UK Prime Minister Truss means by the mantra "Growth, growth, growth." We follow by discussing how economic growth is defined formally by The Bank of England. Growth is understood by such institutions as being an increase in the Gross Domestic Product (GDP) of a nation state over time. We take issue with the notion that GDP is a measure that is useful to facilitate global human flourishing and look at alternative metrics for determining the health and size of an economy. We note that the Bank of England also identifies shortcomings in GDP for getting a good picture of an economy.  We take The Happy Planet index as an example of an alternative metric to GDP and tease out some of the features of its threefold  desideratum, for a good, healthy economy of  "long, happy and sustainable lives". We point out that the GDP measure is useful only to gamblers in the exclusive global casino of finance capital.  Click the link to by me a coffee :) [Free. 36 minutes]