Good coverage. Happened to be reading through the growth dellusion book and bumped into this.

We need a new measure that includes happiness, environmental sustainability, real income, and social inclusivity.. GDP is outdated, and probably only most remembered because of its early overly-prevalent exposure in high school economics.

Facsinating analysis regarding gdp...we see it as economical development number but there is another aspect of it...

In My country(India) Gdp is only parameter to judge government economic performance. 😴😴

@sownheard

5 жыл бұрын

Sucks to be indian

@indiarocks5731

5 жыл бұрын

We are developing country , still have around 20% poverty we need growth to reduce poverty ...1st world problem is not our problem yet

I learned this through recently playing Geopolitical Simulator. Inflation way outpaced GDP growth (251% vs. 183.5%), but was able to cut poverty from 12.9% to 7.9% in 10 years with steady nominal GDP growth, even though inflation outpaced nominal GDP.

It doesn’t matter if GDP is based on debt? Who cares if your GDP goes up if your debts go up. The top are getting richer because of debt. Everyone goes in debt and they get rich. That is not productive. Debt is only good if it is used to form productive business. We have to much credit.

I think i matched with Lin Yang on hinge. She's a cutiepie :PPPPPP

background music is ruining it

I clicked in because I thought it's talking about why GPA is bad for them

The government should make me more attractive and improve the number and quality of my friends!

@millind69

3 жыл бұрын

😂😂😂

GDP is still useful if its adjusted for purchasing power parity

This video implies that the rich are getting richer at a rate higher than the rate at which gdp is increasing. This is not true. It is true that the richest portion of the population in many western countries is gaining wealth at a faster (sometimes much faster) rate than the median and lower-wealth portions, but everyone is gaining in wealth. The discussion i see as much more relevant is whether increasing in wealth is really a good thing. If you think about it, gdp is just a measure of the size of a regulated economy and is indicative of that economy's influence over its population. It does not take into account under-the-table dealings, bartering, or the usage of natural resources. The breastmilk example is perfectly reflective of this. If one were to inherit a farm, live a self-sufficient lifestyle, trade crops to the local butcher for meat, share their resources charitably, and volunteer their family's and their own labor to improve the local area, they likely would have a hugely disproportionate effect on their local community's economy and well-being. But this person would hardly contribute to growing gdp. Compare a society in which the economy is highly agrarian and labour-focused to a place like korea or andorra where individuals tend to hold jobs that greatly contribute to national and global economies. Which lifestyle is really "better" ? Where are citizens better-off ?

Whoever approved this loud background music should be fired. Like what possible reason is there for it?

You should make melanin per capita the most important metric for a country so you can give Africa a chance.

@nickdimopoulos4052

4 жыл бұрын

Lmao

@millind69

3 жыл бұрын

Rofl

Man can't be happy in finding his purpose without God, that his the virtues he has put in each

@bbseal6174

3 жыл бұрын

Amen ! Adoro te devote, latens deitas !

@christiantran8454

Жыл бұрын

preach to that!

@memesicd1490

Жыл бұрын

@@christiantran8454 yeeeAHH! CHRISTYBIRD

@christiantran8454

Жыл бұрын

@@memesicd1490 Yep, that's me! But who are you??? 🤔

Playing awful music when you are speaking is not a good idea. Switched off the clip. Not interested

@whatwhat5508

5 жыл бұрын

Good for you

@huna5923

3 жыл бұрын

@@whatwhat5508 he is right though