John Walsh: GDP is out of date – it’s time we found another way to measure economic growth
The universal metric is inherently gender biased and fails to take in other factors such as the environment and societal issues
Oxfam, the development charity, released a report at the start of this month calling for GDP as a measurement of economic growth to be scrapped on the basis that it was “anti-feminist and colonial because it sustains a framework of value creation and productivity that only counts what can be monetised”.
Not surprisingly, the right-wing press in the UK took aim at the report because allegedly it formed part of a broader ‘woke’ left-wing agenda. ...