Free time Quote by Rutger Bregman
““To calculate the GDP, numerous data points have to be linked together and hundreds of wholly subjective choices made regarding what to count and what to ignore. In spite of this methodology, the GDP is never presented as anything less than hard science, whose fractional vacillations can make the difference between reelection and political annihilation. Yet this apparent precision is an illusion. The GDP is not a clearly defined object just waiting around to be “measured.” To measure GDP is to seek to measure an idea. A great idea, admittedly. There’s no denying that GDP came in very handy during wartime, when the enemy was at the gates and a country’s very existence hinged on production, on churning out as many tanks, planes, bombs, and grenades as possible. During wartime, it’s perfectly reasonable to borrow from the future. During wartime, it makes sense to pollute the environment and go into debt. It can even be preferable to neglect your family, put your children to work on a production line, sacrifice your free time, and forget everything that makes life worth living. Indeed, during wartime, there’s no metric quite as useful as the GDP.””
About This Quote
GDP is presented as precise science but is built on subjective choices; it serves as a useful wartime metric but can mislead in peacetime.
In simple terms: GDP is a constructed, not exact, measure.
Question the metrics you trust.
Themes
Mood
Type
When to use this quote
- government budgeting
- business strategy
- public policy
- environmental planning
Key Concepts
Questions to Reflect On
- How do you evaluate the reliability of economic indicators?
- What alternatives better capture societal wellbeing?
Metrics can be manipulated for political ends.