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" An ad is like a mudpie, nobody wants it." Except the people who pay for them. Google isnt some tech unicorn which might make money one day, it's one of the b
by benj111 7y ago
" An ad is like a mudpie, nobody wants it."
Except the people who pay for them. Google isnt some tech unicorn which might make money one day, it's one of the biggest companies in the world, it's one of the biggest companies in the world because it sells a valuable service.
"1000 trillion worth of value is bought at 2 trillion"
Who decides that? Someone is more than welcome to come along and pay 3 trillion.
And looking at it from the other side am I being exploited for paying 1000 trillion for 2 trillion worth of goods? Why don't I go to the producer directly? What's a reasonable price? Am I being exploited when I buy an iphone? It's twice the price as an android phone for the same amount of material?
The fact is that the west at least is immensely wealthier than the 1800s and most of us don't build anything anymore. The most practical job I've had is serving drinks, which isnt exactly making things, and the chances are, you don't make anything either.
"No actual production is the dominant part of the real economy"
"You should not be using GDP or any monetary value at all to measure anything real. Behind it is the assumption that money is same as social or environmental value"
If you want to talk about the real economy, I'm going to (legitimately) talk about GDP. If you want to talk about some softer measure then fine let me know what that is, and I will bet now Luxembourg does better than the average.