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> Wealth creation is a shitty metric. Ideally, all economic activity serves some purpose that makes actual people's lives better Shitty compared to what? Wealt
by hbrn 4y ago
> Wealth creation is a shitty metric. Ideally, all economic activity serves some purpose that makes actual people's lives better
Shitty compared to what? Wealth does correlate with better life and is fairly easy to measure.
Do you a specific "actual people's lives better" metric in mind?
- tenebrisalietum 4y agoIf you go from 0 to $10T dollars in the span of 5 years, but are now 25 and soon to die of cancer due to pollution caused by generating that $10T, your wealth as well as the effort to gain it was fairly useless.
- hbrn 4y agoThis proves that wealth as a metric is imperfect (like any other metric), especially if we are ignoring all other metrics (we're not). In no way it indicates that wealth is useless. Still waiting to hear which metric is more useful. It looks like you brought up life expectancy, but it does correlate with wealth. Unlike wealth, it's is extremely hard to measure due to enormous lag.