A Boring Dystopia

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Welcome to the New ‘Good’ Economy, Where Millions Get Left Behind (www.vice.com)

submitted 9 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] explodicle@local106.com 20 points 9 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.