3 ms·
>They involve the wealth of nations Do they though? People often compare rich people or companies to a country GDP's, but GDP is based on a single year. The si
by depr 3y ago
>They involve the wealth of nations
Do they though? People often compare rich people or companies to a country GDP's, but GDP is based on a single year. The size of a company's bank account is not. A year is pretty arbitrary. In some sense it's like saying the distance between New York and Washington is 200 miles which is not that long, because a Ferrari's top speed is 200 mph.
- JumpCrisscross 3y ago> it's like saying the distance between New York and Washington is 200 miles which is not that long, because a Ferrari's top speed is 200 mph It’s saying the distance is within a class negotiable by a Ferrari. In the GDP to value case, we’re saying that the consideration at hand is comparable to all of the work of a small country for a year. So the care the latter gets is in the same class as the care the former should receive.