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Pointing at GDP over and over again is at a best a fuzzy indicator of overall well-being, especially in the developed world where inequality has unmoored it fro
by claudeganon 7y ago
Pointing at GDP over and over again is at a best a fuzzy indicator of overall well-being, especially in the developed world where inequality has unmoored it from improvement in material standards for many people. Amazon stock prices skyrocketing tells you little about the health or well-being of their workforce.
- rayiner 7y agoGDP is the number we have. It's not perfect, but it's better than trying to assess the costs without reference to numbers. More significantly, GDP per capita gives a strong measure of the country's capacity to provide for well being, including through redistribution. The specific redistributive policies we adopt or not are mostly orthogonal to climate change.