something that actually matters or? the article itself sounds like trying to make a lot out of nothing, so do the redditors in the comments who appear to be huffing copium with every breath
something that actually matters or? the article itself sounds like trying to make a lot out of nothing, so do the redditors in the comments who appear to be huffing copium with every breath
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It's, uh, very capitalist. Overtly. To take an example, income from rent is included in gdp, the same house simply being lived in does not. Same with subsistence farming vs industrial farming. It's entirely predicated on selling things. If a whole society somehow operated without markets, it would have no gdp despite people producing things and consuming their produce.
Edit: to put this into context, think about the last vestiges of the peasantry being forced from subsistence farming to becoming urban workers paying rent and importing food. This was the improvement GDP was measuring, a way to see the benefits to the scalping class.
Edit 2: this is doubly apparent with the colonies. How do you measure the coercive extraction and market forces in a colony? GDP.
It does, actually, it's called "imputed rent", but including any rent is already stupid.
It's one of many many measures but it's the simplest to calculate and understand