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It's not designed like that. If there were no poverty in the world, GDP would be much higher and opportunities for trade much bigger - but how to get there is a

It's not designed like that. If there were no poverty in the world, GDP would be much higher and opportunities for trade much bigger - but how to get there is anyone's guess.

lm28469 2y ago
> If there were no poverty in the world, GDP would be much higher and opportunities for trade much bigger It's almost as if GDP doesn't mean jack shit since it's been completely misused from its intended purpose
- RandomLensman 2y ago
  Not sure I understand your point in relation to mine. Generally, GDP means a lot in relation to other indicators (including those for well-being).
  - lm28469 2y ago
    Nope, GDP is a completely outdated and next to useless metric, as any metric is when it becomes a target instead of a measurement. Some countries include illegal prostitution and illegal drug traffic in their GDP for exemple. GDP was an OK metric in a post war industrial world, not in whatever we could call what we're dealing with since the 90s, and even more since most of our "production" are services, GDP was just not meant to deal with that, not in any way that is meaningful to us in this discussion (and on top of that it is much better at measuring quantities than qualities) https://www.scientificamerican.com/article/gdp-is-the-wrong-tool-for-measuring-what-matters/ https://www.scientificamerican.com/article/gdp-is-the-wrong-... https://www.atlanticcouncil.org/blogs/new-atlanticist/the-key-to-national-progress-is-no-longer-just-gdp-growth-its-prosperity/#:~:text=Since%20the%20end%20of%20World,country's%20wellbeing%20or%20social%20progress https://www.atlanticcouncil.org/blogs/new-atlanticist/the-ke....
    - RandomLensman 2y ago
      Criticism of GDP is old and, yet, it endures and correlates well with a lot relevant things. So, I'd not ignore or discard it.
      - lm28469 2y ago
        It's the economic equivalent of assessing productivity of a developper by the number of commits a they push. Like yeah sure it tells you things, a very narrow set on things
        RandomLensman 2y ago
        Not really.

It's not designed like that. If there were no poverty in the world, GDP would be much higher and opportunities for trade much bigger - but how to get there is anyone's guess.

lm28469 2y ago

> If there were no poverty in the world, GDP would be much higher and opportunities for trade much bigger It's almost as if GDP doesn't mean jack shit since it's been completely misused from its intended purpose

RandomLensman 2y ago
Not sure I understand your point in relation to mine. Generally, GDP means a lot in relation to other indicators (including those for well-being).
- lm28469 2y ago
  Nope, GDP is a completely outdated and next to useless metric, as any metric is when it becomes a target instead of a measurement. Some countries include illegal prostitution and illegal drug traffic in their GDP for exemple. GDP was an OK metric in a post war industrial world, not in whatever we could call what we're dealing with since the 90s, and even more since most of our "production" are services, GDP was just not meant to deal with that, not in any way that is meaningful to us in this discussion (and on top of that it is much better at measuring quantities than qualities) https://www.scientificamerican.com/article/gdp-is-the-wrong-tool-for-measuring-what-matters/ https://www.scientificamerican.com/article/gdp-is-the-wrong-... https://www.atlanticcouncil.org/blogs/new-atlanticist/the-key-to-national-progress-is-no-longer-just-gdp-growth-its-prosperity/#:~:text=Since%20the%20end%20of%20World,country's%20wellbeing%20or%20social%20progress https://www.atlanticcouncil.org/blogs/new-atlanticist/the-ke....
  - RandomLensman 2y ago
    Criticism of GDP is old and, yet, it endures and correlates well with a lot relevant things. So, I'd not ignore or discard it.
    - lm28469 2y ago
      It's the economic equivalent of assessing productivity of a developper by the number of commits a they push. Like yeah sure it tells you things, a very narrow set on things
      - RandomLensman 2y ago
        Not really.