Doughnut Economics VS the The Gross Domestic Product (GDP)
Kate Raworth, England, and Kamana-maikalani Beamer, Hawaii In early February of 2022 a news caster warned that the US may be about to lose it’s status as a world superpower to China, based on the GDP. The Gross Domestic Product is the total market value of the goods and services produced by a country’s economy. For the year 2021 the GDP of the US has been growing by only 5.7% – while that of China has grown 8.1%
The GDP system counts only cash transactions in the market and recognizes no value other than money. This means there is no value to peace and to the preservation of the environment.
Hawaii was taken over in 1898 by American [ . . . ]
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