What The Fcuk Is GDP (And Wealth)?

The recent drop in GDP across the globe has been described as „unprecedented.“ That current events were preceded by ten years of harsh but differentiated criticism of the indicator is hardly ever mentioned at all. The ever-present use of GDP in debating the state of societies suggests that it measures societal wealth. However, numerous arguments show that it does not. By Daniel Plenge Imagine a … What The Fcuk Is GDP (And Wealth)? weiterlesen

Recessions don’t kill, COVID-19 does. Conservative Utilitarianism fails

Contrary to conservative argument, during economic downturns in “the West” mortality goes down as well. The cure is not worse than the disease, if death is the measure. But the rest is dependent on politics, which depends on weighing values. The predictable drama occurs in “the South.” By Daniel Plenge For many, the last month may have felt like half a year. It is hard … Recessions don’t kill, COVID-19 does. Conservative Utilitarianism fails weiterlesen