What’s the difference between productive wealth and destructive wealth? What if Gross Domestic Product made a fundamental distinction between the two — between making money by producing real value for others, versus just making money by exploiting others? What if GDP quantified the growth of productive capitalism, and separated that from the type of “wealth” created through extraction, manipulation and exploitation?
We find ourselves at a point in the world where the main tool to measure economic success and progress — Gross Domestic Product, or GDP – is outdated. Do we need a new set of rules for our economy to effectively begin to measure real, productive growth? Umair Haque believes it’s critical to the future of our country and our global economy. Here’s his conversation with Dylan.
Umair Haque is the author of The New Capitalist Manifesto: Building a Disruptively Better Business. He also founded Bubblegeneration and is the Director of the Havas Media Lab. He blogs at the Harvard Business Review, and you can follow him on Twitter at @umairh.