GDP is seriously messed up.
It is often thought of simply as the most common measurement of the size of a country’s economy – how could that be controversial?
But far from being impartial, GDP considers all sorts of negative things as good for the economy and ignores other things that are actually really beneficial.
Worse than that, it incentivises governments to prioritise those negative things at the expense of the positive – and that can be hugely damaging for a healthy society.
That’s the view of Lorenzo Fioramonti, the latest guest on the Big Money Questions show.