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capitalism, everybody (slrpnk.net)

submitted 9 months ago by stabby_cicada@slrpnk.net to c/memes@slrpnk.net

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[–] SkepticalButOpenMinded@lemmy.ca 2 points 9 months ago

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.