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erhserhdfd | 9 days ago
However, I think part of your criticism is a moralistic and health based argument that raising a chicken is intrinsically better and healthier that Doordashing fast food. When a consumer chooses a $60 delivered meal over a $45 home-cooked alternative, that reveals a preference for whatever they value, such as convenience, time saved, taste, service quality, etc. GDP doesn’t evaluate whether that preference is “good”; it only records the transaction value that arises from it.
So I agree GDP is not a perfect measure, but it's far from useless.
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