@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)
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@GhostOnTheHalfShell@masto.ai 2026-10-20 20:43
@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.