Exceptional work interrogating GDP as the metric of choice. The Schumacher quote about quantifying what we know least about is devastatingly accurate here. I've watched policymakers in emerging markets use rising GDP to justify cuts to social programs while infant mortality climbed, the numbers creating political cover for decisions that harmed actual people. What's particuarly interesting is how this statistical illu sion feeds itself, corporate profit surges get reinvested in assets that boost GDP further while median household purchasing power stagnates.
I’m increasingly chilled by the easy isolation of exceedingly wealthy. Seeing the world through their Zuckerberg glasses. Finally I see what dystopia looks like.
Exceptional work interrogating GDP as the metric of choice. The Schumacher quote about quantifying what we know least about is devastatingly accurate here. I've watched policymakers in emerging markets use rising GDP to justify cuts to social programs while infant mortality climbed, the numbers creating political cover for decisions that harmed actual people. What's particuarly interesting is how this statistical illu sion feeds itself, corporate profit surges get reinvested in assets that boost GDP further while median household purchasing power stagnates.
I’m increasingly chilled by the easy isolation of exceedingly wealthy. Seeing the world through their Zuckerberg glasses. Finally I see what dystopia looks like.