The GP's point matters quite a lot, because the ratio of GDP to non-GDP value is going up. Terms like "financialization" or "commodification" describe a process that makes things visible and measurable. I think this is also what the book Seeing Like A State meant by "legibility".

And the whole reason it's a bad thing is that the human values that can't be converted to a measurable, tradeable commodity are often thrown away, because they're invisible to the commodification process.