Why it’s bad to have a high GDP
Why it’s bad to have a high GDPby Luke Smith, originally a blog post in November 2018, rewritten for this website.
To put it in other words…The common way of looking at Gross Domestic Product (GDP) is that it’s a metric of economic success: more GDP is more wealth.
Wealth is good. “Poverty” (meaning low per capita GDP) is bad.
Nowadays, pretty much everyone talks about “economics” like this as if this truism was scribbled on the … ⌘ Read more