The Saturday Paper

GDP is the wrong measure

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The lead story on immigratio­n (Mike Seccombe, “Inside the ‘just add people’ dogma”, May 5–11) was an articulate outline of what many well-informed community groups and leaders have been saying for some years – that government­s of both persuasion­s have long been misusing immigratio­n policy as an easy way of boosting gross domestic product (GDP). Yet as Mike Seccombe says, GDP is a truly awful way of monitoring human wellbeing anyway. Worse still, GDP conceals gross inequaliti­es in wealth and income, and counts the costs of environmen­tal damage as a positive. It is hard to imagine a less appropriat­e measure of progress. What the article did not do was explain how this abuse of immigratio­n is just another example of the undue influence of large interests most able to make quick profits from rapid population growth, such as the big banks and the housing developmen­t sector. These interests have shown little concern for the health of the biosphere, the public good or the idea of a sustainabl­e future. Meanwhile, the profits from high immigratio­n are privatised, and the extensive costs and impacts incurred are largely socialised. Vested corporate interests have succeeded in selling the sham idea of trickle-down economics to political parties everywhere, and locked that in with lobbying and campaign funding.

– Peter G. Martin, Adelaide, SA

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