Saturday, June 27, 2009

Interesting link between GDP and global warming

Reading CJR, came across an article by Jonathan Rowe, called "False Readings: How the Gross Domestic Product leads us astray." The author points out the flawed logic behind the hallowed concept of GDP that reporter's emphasize, ie as a positive and purely positive force, or the idea that an increase in GDP for a nation necessarily implies an increase in the well-being of the members of a nation. This is clearly mistaken, as an increase in consumption does not necessarily imply the well-being of a person. How about an increase in fraud, or obesity medication? the author points out. However, this leads to an interesting link to environmental as well as consumer issues. If reporter's continue to paint an increase in GDP as the omen of all things good, it will have the side consequence of causing reader's to believe that more consumption is in fact good (which it is, arguably, for the economy.) However, with a global warming situation that seems increasingly stark and frightening with each new report that comes out from scientists, it seems essential that reporters across all beats, from science, to health, to economics to culture, consider our impending disasters in their coverage.

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