Is GDP An Obsolete Measure of Progress?

Major points:

• GDP doesn't measure: the general progress in health and education, the condition of public infrastructure, fuel efficiency, community and leisure.
• Because it's averaged, the GDP mystifies and masks the gap between rich and poor.
• What's good for the GDP is not always good for the individual, take health care: rising costs may be tough on families, but it boosts the GDP
• Happy Planet Index (HPI), which looks at the degree of human happiness generated per quantity of environment consumed is a better indicator of well-being than GDP
• The GDP is often precisely wrong in that it's not measuring progress, just the making of stuff. 

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