Replies (1)

• @frankPodmore@slrpnk.net 2026-04-28 12:23

  >I generally agree that quality of life indicators are better. Especially since they’re separate from income inequality matter I think they're *different*, rather than better, which is why it's important to measure both (as we do already). Like, I'd rather live here than in China for all sorts of reasons; equally, if I could have what we have here but *also* have China's GDP, I'd happily take that. >Gdp was great indicator BEFORE the globalization. Right now it loses its value due to supply chains baing stretched far out of the country you’re measuring. I don't think this is true at all. One of the main things GDP measures *is* trade, including foreign trade. It doesn't measure (or 'care') whether that trade came from the UK, France or China, as long as some part of it happened here. The length of the supply chain is irrelevant as long as someone here paid for and received some good or service; that economic fact is equal regardless of point of origin and that fact is what GDP measures.

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