The economy is overrated

Someone once told me they didn’t bring back the cart at the shopping center because it “helps create jobs”. It’s a bit like we have accepted that there needs to be Bullshit Jobs.

A speech I’ve always liked is this one by Robert Kennedy:

It demonstates so well how the GDP and so many other measures of “success” are faulty.

Even the way we measure the economy is all wrong. This NYT article does a very good job of showing why even with a low unemployment rate and a high GDP we have so much inequality and suffering.

It reminds me a bit of vanity metrics (A metric that makes you feel good without telling you anything about your business). We have started to optimize our government policy for those vanity metrics. Instead of going to the root causes of what makes a great society we have metrics that, while initially well intentioned, have distracted us from the real goal.

Leaving behind the old metrics in search of better ones would be a good start. (until we end up corrupting those…)

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