• @explodicle@local106.com
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    2010 months ago

    Her entire school of economics hinges on the assumption that a higher GDP is generally better for the average person.

    This was never true. But it was a convenient post-facto rationalization after Nixon unilaterally broke the Bretton Woods agreement. Now a generation of economists have staked their credibility on the emperor’s new clothes.

    We don’t have to put up with this. We can build/use better economic systems ourselves, outside of their control.