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What have you changed your mind about?
(lemm.ee)
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this post was submitted on 20 Feb 2024
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Off the top of my head, I used to think that economic growth of a country equals wealth growth for its people and equals good leadership is steering the country policies.
Turns out that good leadership and economics are rather loosely correlated and also a large inertia allows bad leadership to reap what others saw
Leadership and economics are very closely linked, but not in terms of economic growth like GDP. Rather the economic measure of a good leader should be stuff like wages, CPI, wealth gap, unemployment/homelessness statistics, etc.
Yeah, that's the real thing: "the economy" is how well the country is working for rich people and corporations. Look at average wages, actual buying power, etc. What's in the hands of the worker. That's the actual measure of how well a country is doing. Grotesque inequality is a condemnation, regardless of what the stock market is doing.