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This might come as a surprise to many economists, but the economy is simply not everything that makes for a good life. If economic growth would be all that cou
by amai 1y ago
This might come as a surprise to many economists, but the economy is simply not everything that makes for a good life.
If economic growth would be all that counts, countries like China, Saudi-Arabia and even Belarus would be better places to life in:
https://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_growth_rate https://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_...
- rbanffy 1y agoGDP and GDP per capita are really bad metrics. Both are blind to inequality, which is a very important indicator for quality of life. You don't want to be rich in the middle of abject poverty.