GDP was invented during the great depression. The rich have figured out how to game the metric: wealth inequality. You can give more and more to an ever narrowing slice of the country and “average GDP” can still be going up…despite the fact that much of that went to Elon Musk so he can buy another PJ or whatever.
GDP was invented during the great depression. The rich have figured out how to game the metric: wealth inequality. You can give more and more to an ever narrowing slice of the country and “average GDP” can still be going up…despite the fact that much of that went to Elon Musk so he can buy another PJ or whatever.