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@ApostateEnglishman@mastodon.world

2026-10-20 20:40 UTC

@GhostOnTheHalfShell@masto.ai @cstross@wandering.shop GDP is an obviously meaningless measure if the gains aren't broadly distributed. Similar to how, if Elon Musk walks into even the busiest bar, then on a mean average everyone in there is suddenly a billionaire. This is true even if every patron except Musk is on minimum wage. Or worse, facing starvation and deciding on one more pint of piss-warm ale before jumping off a bridge. But this bar is *booming*! 🙄

Replies (1)

  • @ApostateEnglishman@mastodon.world @cstross@wandering.shop Yes, because economic modeling that doesn’t embody scale (corporate size wealth size) and other words, economic consolidation is not relevant to the system under study.

    Open ##5219347