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@youshouldknowthis@mastodon.social
Means mean very little when you have huge inequalities.
No doubt those inequalities are important to address. But having a healthier economy corresponds with fewer inequalities. Largely because you need a healthy financial situation to even address inequalities at all.
Prisons and car accidents also improve GDP and they are not good measures of how well the economy is doing.
No, they dont. While Prisons and Car accidents make certain people money (the owners of car repair shops and prisons) it also takes away significant amount of wealth that would have been produced by the people who are taken out of the work force. So no, in fact having more people in prison or in car accidents overall would reduce the GDP not increase it.
Of course, the stock market goes with the economy, but it’s not the president that commands either directly (or even indirectly, to any so great extend).
Absolutely agree on the point that it isnt the president in complete control of the stock market, so he is not 100% responsible for it. One must look at the nuance of the situation to figure out what effect he has had on it, we cant just assume. That said, he has been doing a poor job on economy in most of his time in office, so I think there is a pretty fair argument here to say Biden is shit on the economy, but thats a bit of a tangent and not really the important part here for me.
Can we please stop measuring our well-being with how much we destroy the planet?
Thats not what the stock market is, and long term even economic damage would hurt the stock market, so quantifying things based on economy, at least if you have a pretty good long-term outlook still works out even if we prioritize the environment (as we should).
