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Which cultures don’t have improving GDP, or more accurately, becoming wealthier, because GDP is just a metric to measure wealth (and an unfortunately inaccurate
by addicted 3y ago
Which cultures don’t have improving GDP, or more accurately, becoming wealthier, because GDP is just a metric to measure wealth (and an unfortunately inaccurate one at that) as a goal?
- ta1243 3y agoThere's plenty of criticism about GDP https://time.com/5118026/gdp-metric-success-wealth/ https://time.com/5118026/gdp-metric-success-wealth/ https://www.weforum.org/agenda/2018/11/forget-gdp-for-the-21st-century-we-need-a-modern-economic-measure/ https://www.weforum.org/agenda/2018/11/forget-gdp-for-the-21... And many cultures think that a few large companies getting richer while the rest of the country gets poorer is not a worthy goal. You may not think that, but given that plenty of people think GDP is terrible now. I'm not sure how you can assert a future culture will look back and go "In the future, humans will look back on our era and wonder why we accepted the idea that governments should have so much power to interfere with the economy" I personally think it's much more likely they'll look back in disgust at the companies that put GDP above other factors, and the governments which didn't interfere with the economy would be the ones to blame given that many cultures today think that.