The Department for Transport has published a new 90 page document setting out long term strategy, Towards a Sustainable Transport System , which builds upon the Eddington and Stern reports published earlier this year. The topic has been sliced up into five sets of policy aims: Gross Domestic Product growth; Health and Safety; Preventing Climate Change; Quality of Life; and Social Equity. This is perhaps a reasonable way of assessing policies but it seems an odd approach to developing those policies. Achieving GDP growth has been an important target of government for many years, the assumption being that it is the only way of lifting the poor out of poverty. But there are two fallacies here. The first is to equate GDP with well-being, when experience is that some growth has a negative effect on quality of life, and present means of measurement do not attach the necessary minus sign to such "growth". The second fallacy is the assumption of the famous trickle-down effect to bri...
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