Andrei Dascalu
May 16, 2021

--

GDP is a measure for exactly nothing relevant. A monetary value placed on stuff produced in a national economy over a year doesn’t show what happens to that. You may increase the value but it doesn’t say where that value goes and most importantly how it’s distributed.

One thing that’s become apparent is the quick erosion of middle class and the gap that’s taking its place. Which side of the gap you’re on depends on where you live but it’s a global phenomenon in which the bulk of that GDP goes into the accounts of the very few.

--

--