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nathanielKay t1_j5e2mdx wrote

Reply to comment by Frumpagumpus in What do you think an ordinary, non-billionaire non-PhD person should be doing, preparing, or looking out for? by Six-headed_dogma_man

Ah, true. Its the worst measure.

If I have a billion dollars, and you have a thousand friends with nothing, GDP says we're all millionaires.

Yeah nah, one of us is doing fine, the other 999 are living in abject squalor. Which is to say, almost everyone.

Also, there is already a formula for determining QoL, with a dozen or so markers, and the US usually places around 16th or so.

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Frumpagumpus t1_j5eh1iu wrote

huh, that sounds awful similar, except it puts slightly more emphasis on egalitarianism over raw industrial capacity...

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