A good discussion between Dylan Ratigan and Umair Haque about the difference between productive capitalism and rent-seeking, and the impact of the latter on our economy and the world.

What’s the difference between productive wealth and destructive wealth?  What if Gross Domestic Product made a fundamental distinction between the two — between making money by producing real value for others, versus just making money by exploiting others?  What if GDP quantified the growth of productive capitalism, and separated that from the type of “wealth” created through extraction, manipulation and exploitation?

We find ourselves at a point in the world where the main tool to measure economic success and progress — Gross Domestic Product, or GDP –  is outdated.  Do we need a new set of rules for our economy to effectively begin to measure real, productive growth?  Umair Haque, author of “The New Capitalist Manifesto” and director of the Havas Media Lab, believes it’s critical to the future of our country and our global economy.