Monday, 3 April 2023

Governments Don't Actually Prioritise Economic Growth - But They Should

Environmentalists are always complaining that governments are obsessed with GDP and economic growth, and that this is a bad thing because economic growth is bad for the environment. They are partly right but mostly wrong. First, while governments talk about GDP a lot, that does not mean that they actually prioritise economic growth. Second - properly understood - economic growth is a great and wonderful thing that we should want more of.