Well said. Two more thoughts come into my mind.

While it is all very laudable to introduce economic metrics for various agents, they remain often a monitoring aid. This is as if a control loop remains open. In order to take effect, the loop has to be closed by introducing actions imposed onto the economic agents based on the observed metric: incentives for good performance, penalties for poor performance. Most importantly, this has to happen on an international scale in order to create and maintain a level playing field for competition. Without governance metrics are tools without teeth.

Second, The Limits to Growth was published in 1972; in 1994 I wrote a letter to two Austrian political figures at the time, Dr. Wolfgang Schüssel, Minister for Economic Affairs, and Dr. Erhard Busek, Vice-Chancellor of Austria and Minister for Science and Research, proposing an alternative measure to the GDP, something inspired from my engineering education: ecological efficiency, the GDP divided by the fossil fuel energy. One minister promised to take it to parliament. Nothing happened, and after nearly 30 years still nothing. (FYI: https://peter-wurmsdobler.medium.com/alternative-measures-of-progress-1397508d797d)

Changing the global economic systems seems like turning around an oil tanker. Very difficult and long process. Perhaps we are running out of time and need to learn with the consequences.