Re:Apocalyptic Claims About Climate Change Are Wrong
by shkkmo on Wednesday November 27, 2019 @11:01AM
(#21648946)
> If every American was on payday loans and would be dying immediately after having spent their last dollar on basic needs and capital efficient goods & services our GDP would soar
While the GDP per capita might soar, the GDP itself would plummet. When you kill off productive workers (all else being equal) you lower your GDP.
I hate to use increasing GDP arguments either - GDP is a measure of activity and _what_ it's used for is completely out of the picture. If every American was on payday loans and would be dying immediately after having spent their last dollar on basic needs and capital efficient goods & services our GDP would soar - this is clearly not something that should be optimized for except it's the path we're heading toward right now.