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The Right Priorities?

Posted by admin at 11:02 AM on Aug 14, 2015

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We live in an interesting world.

Japan's weather in the second quarter was comparatively mild. As a result people didn't use their air conditioning so much (or buy summer clothes).

This ought to be good news for the environment, but to Akira Amari, the economics minister, it's bad news because second quarter GDP is down 1.6 percent. Never mind, July and August have been hot, so the air conditioning will be turned back on. (Report in The Times by Richard Lloyd Parry, 18.08.15).

A UK economics editor did something similar a few years ago, lamenting that a mild winter meant that people weren't using energy to heat their homes, and that GDP had suffered as a result.

So what our economies need are freak high temperatures in Japan and Siberian conditions in UK! Or maybe a different way of measuring our economic progress?

Take a look at "Gross Domestic Problem" by Lorenzo Fioramonti, and remember what Jesus said, "Then Jesus said to them, "Watch out! Be on your guard against all kinds of greed; life does not consist in an abundance of possessions."