stabby_cicada@slrpnk.net to solarpunk memes@slrpnk.net · 5 months agocapitalism, everybodyslrpnk.netimagemessage-square84fedilinkarrow-up1860arrow-down133
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minus-squareSkepticalButOpenMinded@lemmy.calinkfedilinkarrow-up2·5 months agoIt doesn’t show how well a country is doing, because GDP is not a direct measure of aggregate utility. For example: GDP can go up, but if it causes the Gini coefficient to rise, a country could be doing much worse than before.
It doesn’t show how well a country is doing, because GDP is not a direct measure of aggregate utility. For example: GDP can go up, but if it causes the Gini coefficient to rise, a country could be doing much worse than before.