71 sats \ 2 replies \ @Undisciplined OP 10 Sep \ parent \ on: Is GDP an Accurate Measure of Reality? econ
I'm sure someone has talked about this, but the longer we rely on GDP the worse it's going to get. There's the business adage "What gets measured gets managed." Politician's being focused on GDP for decade after decade is distorting the economy towards the inputs of GDP and away from unmeasured valuable things (leisure, family, etc.).
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47 sats \ 1 reply \ @grayruby 10 Sep
Good point.
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71 sats \ 0 replies \ @Undisciplined OP 10 Sep
I hadn't even considered that before, but now that I have it seems like it's probably pretty important.
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