This is such a simple, yet very important principal in the success or failure of a nation and society. We need a new model that simply asks everyone to create some kind of value in a service or product. Then that should bring a synergistic expanding of common good that raises all boats. We also need to down regulate the parasitic forces, that would be nuanced and tricky to pull off.
The main problem with the GDP is that it's actually not measuring all the Gross spending and is ignoring the bulk of the spending in a year, roughly speaking all the B2B spending. GDP is ignoring 3/4 of the annual spending, which is an absolute joke. This is how they can get away with stealing from one group and giving to another without it showing in the GDP.
This is such a simple, yet very important principal in the success or failure of a nation and society. We need a new model that simply asks everyone to create some kind of value in a service or product. Then that should bring a synergistic expanding of common good that raises all boats. We also need to down regulate the parasitic forces, that would be nuanced and tricky to pull off.
The main problem with the GDP is that it's actually not measuring all the Gross spending and is ignoring the bulk of the spending in a year, roughly speaking all the B2B spending. GDP is ignoring 3/4 of the annual spending, which is an absolute joke. This is how they can get away with stealing from one group and giving to another without it showing in the GDP.
https://www.lewrockwell.com/2010/07/richard-cb-johnsson/the-grossly-problematic-gross-domesticproduct/
Great to see someone else pointing out that GDP is a dubious metric!