February 28, 2010

Progressive thinking

In the editorial Progressive thinking Nature argues that "it is time to abandon GDP [gross domestic product] as the overriding measure of social development and economic health" because current GDP growth does not guarantee future well-being. For example, according to the editorial, forest logging, ineffective health care and excessive house construction all contribute to GDP but are not productive investments in the long term.

I wish the Nature editors good luck in identifying which current investments will be truly productive in the long run. However, more of my respect goes to the millions of investors who not only think but actually risk their money in the same progressive pursuit.

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