Greeks protest against cuts and expected lay-offs. Photo: AFP Greeks protest against cuts and expected lay-offs. Photo: AFP
Greeks protest against cuts and expected lay-offs. Photo: AFP
Tom Holland
Opinion

Opinion

Monitor by Tom Holland

Opponents of austerity are barking up the wrong tree

GDP measures quantity, not quality. Specifically, it fails to distinguish between the economic contributions of the private and public sectors

Greeks protest against cuts and expected lay-offs. Photo: AFP Greeks protest against cuts and expected lay-offs. Photo: AFP
Greeks protest against cuts and expected lay-offs. Photo: AFP
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Tom Holland

Tom Holland

Tom Holland is a former SCMP staffer who has been writing about Asian affairs for more than 25 years