GDP measures the churn of money through the economy not the long-term value of what it buys. Money spent on things that destroy lives and property or quickly go to the garbage is counted as equal to that spent on things that nurture people or last for generations.
GDP growth depends on perpetuating poverty because the poor spend while the rich hoard.
GhostOnTheHalfShell (npub1z3l…txvc) economics-that-works group (npub1xh2…u80r) Daniel Lakeland (npub1fne…87ll) Kyle Montanio (npub165c…tdlq)
Hamish Buchanan
npub1hq…64arf
2024-09-27 14:56:02 UTC
in reply to nevent1q…07e8
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wss://relay.momostr.pinkPublished at
2024-09-27 14:56:02 UTCEvent JSON
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