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As I predicted in the 1990s, our economic system is now in continuing crisis due to unsustainable debt expansion that is multiples of income growth.
A new economics is needed. This blog is to create a discussion in formulating a practical economics that integrates consciousness, natural law, and free-market theory.Ron Robins, MBA, Blog Author
- For over forty years I have engaged in, and devoted myself to, the fields of economics, finance, and the development of human consciousness.
I'm deeply concerned about America's economic and financial problems and am writing a book on how I believe they can be fixed. The book's working title: "Resolving America's Economic Quagmire," with a subtitle, "People gaining inner fulfillment is the key.”
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Enlightened Economics 
• If Success Was Measured in Social Progress, Which Nation Would Win?
Posted by Ron Robins on December 19, 2014
“So where, you may be wondering, does the United States fall in all of this? Spoiler alert: not among the top 10. The United States ranks 16th, just ahead of Belgium and just behind the Republic of Ireland. The report also notes that Canada, despite being neighbors with the U.S., and sharing several similar strengths, still significantly outpaces us in almost every measure.”
— If Success Was Measured in Social Progress, Which Nation Would Win? By Katey Troutman, Business CheapSheet, December 17, 2014, U.S.A.
Commentary: Ron Robins
The measure being used is the Social Progress Index (SPI). It attempts to measure basic human needs, foundations of well-being (health, education, etc.) and opportunity (in terms of personal rights, freedoms, and so forth). Performance on these measures forms the foundation for economic success and personal fulfillment. The fact that the U.S. is purportedly performing ‘well’ (on highly adulterated GDP numbers) does not diminish the fact that on measures associated with the SPI, it performs relatively poorly. The public perception of the value of GDP is totally illusory and misguided as measures such as the SPI illustrate. One interesting finding is that all the leading nations have small populations and as usual in these types of measures, are mostly from Scandinavia.
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This entry was posted on December 19, 2014 at 12:11 pm and is filed under Economic Measurement, GDP Alternatives, News, Commentary. Tagged: GDP, Social Progress Index. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.