GDP is a dumb metric but this paper is really good at throwing the William Nordhaus risk model out the window, which is what institutional investors have been using all this time when making investment decisions. IMO I think this is an avenue to Segway institutional investors into looking at things like degrowth, “you can keep investing in extraction but there is an extremely high likelihood you lose all society and wealth. Or you can invest in redistribution and there is a very high likelihood that the planet/society survives, you keep more wealth then you could really need and it will only cost a percentage of your total assets.”

Good, then we might finally throw GDP as a measurement out the window.