Reply To: Time to replace GDP with metrics of sustainability and well-being

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#6248
AvatarLaurence Bentley
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Although the GPI is a step forward, is it really adequate? By some accounts, the population of the planet needs to be significantly reduced in order for the entire population to live at a reasonable standard of living while maintaining a sustainable relationship with the planet. According to The Global Footprint Network (http://www.footprintnetwork.org/), the planet can only support 1.5 billion people living at the European standard of living. Currently there are approximately 7 billion people. The reduction in population would appear to require a massive reduction in economic activity although also a large increase the well being indicators. Would the GPI or at least GPI per capita be able to capture that the global situation has dramatically improved by bringing economic activity back to a sustainable level?