3 ms·
GDP might be not that meaningful but you can, for example, look at what share of humanity is still starving (thus getting a handle on poverty), how many people
by ugh 16y ago
GDP might be not that meaningful but you can, for example, look at what share of humanity is still starving (thus getting a handle on poverty), how many people can afford a bike, a washing machine, a TV, a car, holidays on other continents and so on. That would give you a more realistic view on economic progress. GDP was my (probably ill-advised) way of saying that the economy has massively grown in the last hundred years. We can produce more things at a lower cost.