Comment on Welcome to the New ‘Good’ Economy, Where Millions Get Left Behind

explodicle@local106.com ⁨9⁩ ⁨months⁩ ago

Her entire school of economics hinges on the assumption that a higher GDP is generally better for the average person.

This was never true. But it was a convenient post-facto rationalization after Nixon unilaterally broke the Bretton Woods agreement. Now a generation of economists have staked their credibility on the emperor’s new clothes.

We don’t have to put up with this. We can build/use better economic systems ourselves, outside of their control.

source
Sort:hotnewtop