GDP is unscientific and unfair for poorpeople.

Doug Henwood dhenwood at
Tue Aug 31 06:58:10 PDT 1999

chang wrote:

>You are right. GDP is not a perfect measure of economic performance. GDP has
>nothing to do with poor people. GDP is for the rich to hoodwink poor people's

Most "poor people" couldn't tell you what GDP is or what it means, unless poor people in China are different from the ones in the U.S. In fact, most affluent and education people in the U.S. couldn't tell you what GDP is or whether a growth rate of 2% a year was fast or slow.

You've made your point; can you develop it a bit beyond the level of the aphorism?


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