this post was submitted on 29 Jun 2024
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Showerthoughts
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A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. The best ones are thoughts that many people can relate to and they find something funny or interesting in regular stuff.
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I think its pretty healthy to always check your assumptions. Some things that are mainstream are actually pretty crazy, but taken as normal because we're used to them. For instance, GDP is a pretty crazy way to measure economic health.
Yeah, GDP really measures size rather than quality, people just end up ignoring the nuance.
GDP is also significant in that it directly influences how much revenue a government can raise by taxes, and so by proxy how much of public services it can provide. GDP growth also influences what amount of deficit it can sustain (though for various reasons that is not a straightforward relationship as with tax revenue).