3 ms·
GDP was a good measure for a while (or reasonably good enough). This ceased to be the case in the last 10-15 years; and I think it can be said now that it has b
by csomar 3y ago
GDP was a good measure for a while (or reasonably good enough). This ceased to be the case in the last 10-15 years; and I think it can be said now that it has become completely useless.
There are the edge cases (heavily financed/resourced countries) like Ireland, Singapore, Qatar, etc... and then you have Western countries "manipulating" the numbers. For example, your rental payment goes into the GDP; even if you are not renting -__-. So if you are sitting on your ass doing nothing in your own home that because of the financial bubble is now worth $2.5 million and $10k of rent, you are adding $10k/month to the GDP of said country.