Commentary: Recession should kill off the romantic idea that GDP is not everything

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

People wondered if the pandemic was a sign to slow down the pursuit of economic growth but growth will be harder to dismiss as a bean counter’s tawdry obsession when there is so little to go around, says the Financial Times’ Janan Ganesh.

counts air pollution and cigarette advertising,” he said in 1968, but not the “beauty of our poetry or the strength of our marriages”.

Nearly fifteen years later, lots of furloughed and fiscally cushioned people could be heard to wonder if Mother Earth was telling us to slow down and relegate the act of economic production. and the end of nightlife that trope is heard less and less now. And it lasted not a beat longer than it deserved to.

The other is that GDP is very nearly everything. Immigrants versus nativists, cities versus provinces: The cultural fault lines that marble the body politic of the Western world were there before the crash of 2008. Sweden might condescend to America on some fronts, and Denmark to Britain, but this is an argument within the one per cent of nations. The upkeep of national monuments costs money. The writing of poetry depends on leisure, which costs money. The Kennedy-Cameron line between growth and life’s higher callings is not so easy to draw.And still people draw it.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US recession not 'inevitable', says Treasury secretaryWASHINGTON: A recession in the United States is not \u0022inevitable\u0022, Treasury Secretary Janet Yellen said on Sunday (Jun 19), just days after the US Federal Reserve hiked interest rates, raising fears of an economic contraction. \u0022I expect the economy to slow\u0022 as it transitions to stable growth, she said on AB double talker
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »


Source: BusinessTimes - 🏆 15. / 51 Read more »


Source: BusinessTimes - 🏆 15. / 51 Read more »

Commentary: Why do we still expect men to make the first move when dating?Even though we’re increasingly aware of and pushing back against gender roles today, men are still expected to take the lead in romancing, which can hurt women and men alike, says writer Natalie Tan. Cos gender can never be equal
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Commentary: Offering pay raises to those wanting to resign may backfireThe Great Resignation has complicated the practice of counteroffering more money or promotions to retain a worker who threatens to leave, says the Financial Times' Pilita Clark. But by not offering the pay rises doesn’t this signify a greater wrong? If the person has really lost out previously on pay rises, shouldn’t he get some part of it in back pay? Surprisingly it's not what the healthcare suffering from. Surprisingly despite the lack of staff. Management is threatening to fire them. Ftf
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Singapore Sovereign Green Bonds And Everything To Know About Green Financing - The Independent Singapore NewsSo what is a green bond? And is it something you would want to invest in? Read on to find out more about this new initiative and framework, and the latest investment opportunity in town to raise funds for environmental and sustainability initiatives and developments.
Source: IndependentSG - 🏆 2. / 72 Read more »