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U.S House Representative Ilhan Omar (D-MN) recently introduced a bill in Congress to overhaul GDP, the nation’s most watched economic indicator. July 30th she introduced the Genuine Progress Indicator (“GPI”) Act. It would be a significant change for the trajectory of the socio-economic system. GPI is a new way to calculate GDP, but passage of More
The post GPI vs. GDP: Does Size Matter More Than Substance? appeared first on CounterPunch.org.
This content originally appeared on CounterPunch.org and was authored by Robert Hunziker.