Really excellent chart from The Economist which looks at the wealth of a nation as a combination of:
money and jobs
the environment, crime and housing
health and education
well-being
And then it compares how the richest and poorest 20% of each country are doing. Britain is in the top third; Australia's no1.
Daily chart: The wealth of nations | The Economist: "GROSS DOMESTIC PRODUCT, better known by its initials, GDP, has been economists' chosen measure of a nation's well-being for over 70 years. But it has limitations; it takes no account of environmental degradation and excludes unpaid services such as volunteering and housework, for example. In the words of Bobby Kennedy, speaking in 1968, "it measures everything...except that which makes life worthwhile." In an attempt to address these shortcomings the OECD, a mainly rich-country think-tank, has created the "Better-Life" index."
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money and jobs
the environment, crime and housing
health and education
well-being
And then it compares how the richest and poorest 20% of each country are doing. Britain is in the top third; Australia's no1.
Daily chart: The wealth of nations | The Economist: "GROSS DOMESTIC PRODUCT, better known by its initials, GDP, has been economists' chosen measure of a nation's well-being for over 70 years. But it has limitations; it takes no account of environmental degradation and excludes unpaid services such as volunteering and housework, for example. In the words of Bobby Kennedy, speaking in 1968, "it measures everything...except that which makes life worthwhile." In an attempt to address these shortcomings the OECD, a mainly rich-country think-tank, has created the "Better-Life" index."
'via Blog this'
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