Acharya Prashant critiques the fundamental assumptions of modern economics, particularly the notion that 'more is better.' He argues that economics, often defined as the science of welfare, fails to define whose welfare it serves and what that welfare truly comprises. He points out that while historical scarcity might have made consumption seem like a path to happiness, today's reality is different. In the modern world, more people suffer and die from overconsumption and lifestyle-related disorders, such as obesity and hypertension, than from hunger. He suggests that the current focus on GDP and growth rates is leading toward global destruction and environmental massacre, as evidenced by the loss of trees and natural shade in the name of development.
