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submitted 9 months ago by stabby_cicada@slrpnk.net to c/memes@slrpnk.net
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[-] chicken@lemmy.dbzer0.com 9 points 9 months ago

This falsely assumes that economic actors necessarily have sound judgment about value. Imagine someone who has had a bad day at work going and spending $10 for the privilege of being rude to a fast food clerk. If given the option would they directly trade the humiliations they themselves endured to earn that money to be able to inflict the same? Probably not, but their workday is already over, they don't see a way to translate the cash they have onhand into an overall better life, and this is what they feel like doing in the moment.

[-] bort@feddit.de 2 points 9 months ago

This falsely assumes that economic actors necessarily have sound judgment about value

Does this matter in the context of this post? I.e. are GDPs "the sum of shit people pay for" or do they get adjusted for "sound judgment of value"?

[-] chicken@lemmy.dbzer0.com 8 points 9 months ago

Increase in GDP is very often assumed to be a positive thing and represent an improvement in society, and as far as I can tell the point of the joke is that this is a false assumption.

[-] Socsa@sh.itjust.works 1 points 9 months ago

I mean sure, in this contrived scenario. If a major source of GDP for some country was literally taking turns eating shit, that country would have some serious issues for sure. Fortunately, GDP isn't the only useful metric of economic output.

[-] chicken@lemmy.dbzer0.com 1 points 9 months ago

What if a major source of GDP for every country was metaphorically taking turns eating shit?

this post was submitted on 12 Feb 2024
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