>>512392411
GDP is a scam, simple as.
It's a metric of economic output, i.e. the whole country, every single business.
Banks and insurance count. Military counts.
If you measure a country by GDP growth and a bank gave out TONS of loans willy-nilly, they report those loans +8% as GDP.
Government took your money (taxes) and buys a trillion dollar of rockets with it? GDP + 1 trillion
It doesn't measure how that pie is divided.
GDP per capita also doesn't mean everyone gets this flat amount, no no.
GDP per capita is basically a measurement of the enslavability of the populace.
QoL is many things coming together, in my 34 years of experience as human I find the most beneficial factors to be
- high-trust society
- low bureaucracy (the faster things "just werk" the better)
- low GINI-coefficient i.e. inequality
- LOW average hours worked
- low inflation to no inflation
econ niggers always whine about deflation because muh economy no move, what they actually whine about is nobody taking out fat loans they can siphon off from. Japan had that for quite a while. Suddenly every investment was done with saved up money and made sense, turns out that creates trust even in the upper financial brackets. The polar opposite is the US, see increased rate of car repos and tons of people using Klarna for fucking goyslop
