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Posted by on in Wall of Shame
This one is a classic. Another archetypal news article that drills it into your head: Economic growth…gooooood. Not having everything hinge on rising GDP, caring about sustainability of resources, and valuing a healthy, happy life… baaaaaaaad. I mean, how is there time to worry about all the latter when you have to worry about constantly growing GDP? It is, after all, the planet around which all else orbits. This CNN Money article by Sophia Yan tells about the woes of the Chinese economy as they face a predicted measly 7.3% GDP growth. The crisis now: China's economy lost momentum in the first quarter and growth in 2014 could fall short of...
How much shame?
Misdemeanor
2
Felony
Last Sunday’s New York Times made our Wall of Fame on Monday with an intelligent op-ed about how declining fertility rates is more good news than bad. Our global obsession with economic growth, however, joins overpopulation on the list of humankind’s suicidal behaviors. So my delight on Sunday was tempered somewhat by the Off the Shelf book review of G.D.P.: A Brief but Affectionate History, also in the  Sunday Times. By my judgment, apparently the book is too brief, and overly affectionate. Fred Andrews’ pro-growth perspective is apparent throughout his review. This probably means the book doesn’t offer the important and enlightened view of GDP we so badly need: Our obsession...
How much shame?
Misdemeanor
7
Felony
“Can the proposed City for Champions tourism projects spur growth in Colorado Springs and along the Front Range well into the 21st century?” Answer: Highly doubtful, but it will ‘grow’ the pocketbooks of several commercial developers. City for Champions has potential to change Colorado Springs' reputation, most definitely. For better or for worse?The Gazette story refers to C4C and they list the “growth spurring” projects proposed.“ They include four tourism-related projects: a 10,000-seat stadium and 3,000-seat indoor sports center, an Olympic museum, a new Air Force Academy visitors center and a sports medicine and performance center at the University of Colorado at Colorado Springs.” This 250 million dollar project sounds... fishy....
How much shame?
Misdemeanor
6
Felony
The February jobs report in the U.S. brought the usual array of economists and other growth-pushers into the studios to discuss the state of the economy on cable news networks. MSNBC’s Morning Joe enjoys the Wall of Shame today for the broadcast team’s shallow understanding of the negative trade-offs of economic growth. This is a great show with smart people. I know they can do better. They discussed the jobs report last Friday with studio guest Miles Nadal, chairman and CEO of MDC Partners (one of the world’s largest networks of advertising agencies and business transformation consultancies). The heart of the conversation involved Nadal and the Morning Joe team lamenting an...
How much shame?
Misdemeanor
6
Felony

Posted by on in Wall of Fame
Jacob Goldstein did a story for NPR’s All Things Considered that took a look at how and when the modern “economy” even started. This isn’t typically the type of story we seek out for a comfortable home at Growth Bias Busted. I mean, it’s certainly not biased in favor of growth, and it doesn’t blatantly call it out either. But it does give an interesting perspective of our obsession with economic growth and GDP. It's objective and the facts certainly speak for themselves. Because, according to Goldstein and others experts interviewed for this piece, these things that our world revolves around are really just made up, arbitrary, and misleading numbers. And...
How much fame?
Marginal
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Outstanding
U.S. consumers did not pillage the planet last quarter as fast as first thought, but economists are optimistic we'll get back to our rapacious ways as the weather warms. Friday’s Marketplace Morning Report from American Public Media headlines my list of disappointing news reports about U.S. GDP growth figures revised downward. It wasn't the news that caused my despair, but the biased way in which it was reported. They all make the Wall of Shame today for their unquestioned assumptions about the goodness of economic growth. On Marketplace, anchor David Brancaccio immediately got my attention when he inserted his own judgment into what I thought was a NEWS report (I’ve added...
How much shame?
Misdemeanor
4
Felony


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