In the spring of 2020, the new Irish government announced its desire to develop new measures of well-being and progress in Ireland. The idea was given some prominence in the Programme for Government, ‘Our Shared Future’.
This is exactly the kind of initiative that we in Feasta have been advocating for the past 20-odd years. It’s also in line with an encouraging international trend of governments seeking to reorientate their economies towards well-being, and fits in nicely with the thinking of the global Wellbeing Economy Alliance (of which Feasta is a member).
A recent publication by Fine Gael, ‘Measuring Wellbeing’, refers to this Irish government initiative and makes a case for expanding “the range of economic, social and policy indicators that we use in government”. It lays out a draft outline for developing a wide range of metrics for measuring well-being, along the lines of the OECD’s Wellbeing Framework, and implementing them into State budgeting decisions. There is much in there to agree with.
Unfortunately, however, there is a serious problem with one of the most basic assumptions that is made in the Fine Gael paper. Unless this problem is examined and properly addressed, all the improved measurements in the world won’t be able to improve societal well-being in Ireland.
The problem relates to GDP growth. GDP growth is considered by the paper’s author to be “a critical means to the end of progressing society”.
This is a highly problematic assumption.
The authors take care to point out many of the well-known shortcomings of GDP growth as a measure of progress. So the issue here is not whether or not GDP growth is an unreliable measure of progress; it looks as though we can (almost) all agree on that, these days.
…click on the above link to read the rest of the article…