<EDIT 04/07/2012: Added link to the source of the graph on the right, which I forgot to put in earlier. My apologies.>
When we talk about a nation’s progress, we often talk about the GDP. A steady increase in GDP, consistent with the infinite growth paradigm, the notion that a country’s wealth and GDP can increase forever. A high GDP per capita means that a country is rich, and a lower GDP means the country is relatively poor.
This is a false paradigm.
Many of us are so so poor these days. Continue reading