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GDP doesn't measure a healthy economy however. It measures aggregate production which can be owned by a small minority of extremely wealthy asset holders while
by xbpx 3y ago
GDP doesn't measure a healthy economy however. It measures aggregate production which can be owned by a small minority of extremely wealthy asset holders while everyone else needs to work double shifts.
I'd want a measure of inequality in whatever function is used to measure happiness.
- naet 3y agoOh absolutely agreed that (US) GDP is a terrible metric that we optimize for. There must be other signals of general economic health that would better serve the greater population.