Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-451-000"
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"en.20110608.20.3-451-000"2
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"There are increasingly large economic divergences and social inequalities caused by the EU’s neoliberal guidelines and policies, and by the increasingly unfair sharing and distribution of national income, both at EU level and at national level.
It is therefore increasingly controversial to use gross domestic product (GDP) as a basis for working with social development and progress, and a statistical indicator for measuring them. It is a statistical indicator with many shortcomings, since it takes into account only economic activity, leaving aside other important factors like wealth distribution, social inequalities, the quality of goods and services, non-commercial transactions or even outcomes not recorded by the market. This means that, in many situations, GDP can increase while the majority of a country’s citizens become poorer, because GDP does not take into consideration the level of inequality in a society.
As such, we are able to consider it acceptable to take into account other indicators that might complement these shortcomings so as to make social progress measures as complete, credible and close to reality as possible."@en1
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