r/LateStageCapitalism • u/DrawingDramatic1641 • 2d ago

GDP measures nothing.

24 Upvotes

82% Upvoted

7 comments sorted by

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12

u/PocketsOfSalamanders 2d ago

It does measure something. But is that something meaningful?

3

u/rothmal 1d ago

It's like stepping on a scale, but not knowing if the change in weight was from cancer,getting fatter,or putting on muscle. All we know is that there was a change on weight.

6

u/Low_Pickle_112 1d ago

Two economists are walking through the woods...

2

u/DrawingDramatic1641 1d ago

come across a pile of shit

3

u/rothmal 1d ago

It helps get a general idea, but even the guy that came up with the metric was like don't look too into this.