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Measuring the new prosperity, Jack Layton

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  1. The inadequate comparison between the two economic measures
  2. The incomplete illustrations against the current system
  3. The extreme reasoning for justifying change

Prosperity always comes with a cost. If prosperity is to be questioned due to the existence of costs, there is no real prosperity. According to Jack Layton's essay, "Measuring the New Prosperity" (hereinafter referred to as "the Essay"), prosperity must consider the social costs that were incurred. Although profit cannot be calculated without deducting costs, profits cannot exist without costs. In addition to the inaccurate focus on the economy, the Essay fails to persuade the readers due to the inadequate comparison between the two economic measures; the incomplete illustrations against the current system; and the extreme reasoning for justifying change. For these reasons, the Essay is unable to assure the readers of a definitive proposal for the measuring of prosperity.

[...] It attempts to change the criteria for prosperity in order to promote equity, but it deviates from this as it progresses. Aside from the bias toward the current system, the comparison does not assist in convincing its readers; the illustrations does not demonstrate the arguments; and the causation of the GDP's inaccuracy does not logically reinforce itself. In effect, the Essay is suggesting unnecessary changes. Although the Essay might act as a framework for development, its ideas are not matured enough to be a direct course-of- action. [...]


[...] If the Essay's thesis is on equity, it would have focused on the education and social awareness of it. Since the economy is the outcome of the accumulated effect of every individuals' actions, Layton cannot use the economy to change individuals. However, actions can be molded through knowledge and morals. By neglecting the morals that drive society, prosperity has no meaning. Regardless of the ?income distribution unemployment rates, and net capital investment,? society cannot prosper without peace and unity (165). [...]

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