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The greatest country on earth
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this post was submitted on 04 Jul 2026
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Late Stage Capitalism
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One of the many problems is that it's also #1 on GDP. Therefore GDP must be the One True Metric of a country's success. Therefore it makes sense to shun any policy that might lower GDP.
GDP was meant to make the US look better than it actually does from day 1. Economists warned about GDP's many issues and inaccuracies immediately, but it was still pushed through. The official reason is that no other metrics were available, but it's not entirely true, because the concept of GDP PPP was created a decade or two before GDP nominal.