A few weeks back I was invited onto NEF’s Weekly Economics Podcast to talk about mental health. We discussed why we continue to focus policy on economic growth instead of things like wellbeing. I argued that, despite the inadequacy of GDP as a measure of progress, it remains deeply rooted in the way that economists and politicians think, and a symbol of just how broken our system is.
Cutting to the point as usual, our podcast host Ayeisha retorted: “It isn’t necessarily broken, it’s very much serving the purpose it was designed to, right? Things like debt and… precarity are not accidents of the economic system, they’re things that hold it up and make it function.”