Comment by renjimen
1 month ago
Good rant. The dominant global ideology is neoliberalism AKA free market economics, which has regulatory laxness as its bedrock. That's why fixing this basic shit is an uphill slog, rather than common sense.
Neoliberals look at GDP rising and have faith that the world is good. It's time to call these folks out for what they are: dogmatic zealots.
GDP is a crappy measure of a nation's wealth.
It's a passable measure of the financial class's wealth, which is not the same thing at all.
The use of GDP as the headline number in demagoguery is a psyop