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I've thought the Gini coefficient was better than GDP ever since I learned of it: https://en.wikipedia.org/wiki/Gini_coefficient https://en.wikipedia.org/wiki/G
by NaturalPhallacy 4y ago
I've thought the Gini coefficient was better than GDP ever since I learned of it: https://en.wikipedia.org/wiki/Gini_coefficient https://en.wikipedia.org/wiki/Gini_coefficient
- lmm 4y agoThe Gini coefficient is a pure measure of inequality, you can "improve" it while making literally everyone worse off (e.g. destroy all things of value in your country, now everyone has nothing and you have perfect equality).
- NaturalPhallacy 4y agoI mean if you "destroy all things of value in your country" I don't think you're going to be concerned about economic measures whether GDP or Gini, so isn't that kind of a red herring?
- lmm 4y agoYou wouldn't do something so extreme, but if you were trying to improve the Gini you might adopt measures that seemed to "succeed" but were actually reducing everyone's wealth.