"GDP Only Tells Us So Much": Jacinda Ardern

Update. See also links at the end of this posting.
 

pn242

I've been engaged in an email exchange with Scott McWilliam who thinks the multiple variables Social Progress Index I promoted in a recent posting (pn225) is largely codswallop. He thinks Oxfam's single variable  shows "real progress not imaginary ones such as equality of education ..."  I strongly disagree.

Single variable statements  such as the Oxfam report he mentions and statistical measures such as GNP, as noted at Davos by PM Jacinda Ardern, have their place, but  the Oxfam report is useless as a planning tool and GDP's use is limited  Jacinda seems to agree with me. 

Here's Scott's email and the Oxfam report link, followed by what Jacinda had to say: