Tianjin 2012 - Measuring our Lives (NHK TV Debate) | Summary and Q&A

TL;DR

The panelists discuss the limitations of using GDP as the sole metric for measuring growth and well-being, and the need for new indices that focus on social relations and individual happiness.

Key Insights

• 🙈 GDP is an inadequate metric for measuring growth and well-being as it ignores social relations, individual happiness, and values.
• 🫰 There is a need for new indices that go beyond GDP and focus on holistic measures of well-being and progress.
• 🤩 Income inequality, environmental sustainability, and inclusive growth are key challenges that need to be addressed in measuring progress.
• 🤞 Leadership that is grounded in shared values and inspires hope is vital for creating a better future.

Transcript

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Questions & Answers

Q: What is the purpose of the OECD's Better Life Index and how does it differ from measuring happiness?

The Better Life Index aims to measure well-being and progress of society by including various dimensions like education, work-life balance, and community. It goes beyond measuring sentimental happiness and focuses on a holistic view of life satisfaction.

Q: How does China plan to address the issues of income inequality and environmental sustainability?

China acknowledges the challenges posed by income inequality and the environmental costs of its growth model. They plan to reform their income distribution policies, reduce corruption, and create a balance between economic growth and environmental protection.

Q: How can companies and leaders inspire hope and shared values in their employees and society?

Leaders can inspire hope by leading with a sense of purpose and values, and by creating a culture of trust and collaboration within their organizations. They need to move from exercising power over people to exercising power through people, guided by shared values.

Q: How can young people contribute to creating a better world and addressing societal challenges?

Young people are already driving change by creating freedom from oppressive systems, engaging in social movements, and challenging traditional leadership models. They can continue to contribute by pursuing their passions, advocating for inclusive growth, and participating in the decision-making process.

Summary & Key Takeaways

• The panelists discuss the need for new metrics that go beyond GDP to measure growth and well-being.

• They highlight the importance of social relations, individual happiness, and values in measuring progress.

• They address the challenges of income inequality, environmental sustainability, and inclusive growth.