GDP only catches a slice of the value that we value. It captures what goes on in the market, the financial value of goods and services sold in an economy over a year. In the boxing match between free market laissez-faire capitalists and state loving socialists the economic debate ignored the household – which is expected to provide the food, do the cooking, washing, cleaning, sweeping, education, look after the sick and elderly, yet is completely missing from GDP.
Kate Raworth — GDP only catches a slice of the value that we value. It capt
GDP only catches a slice of the value that we value. It captures what goes on in the market, the financial value of goods and services sold in an economy over a year. In the boxing match between free market…