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RE: Against Better, For Worse

in LeoFinancelast year

All those figures are quite relative as there is a huge difference depending on the country you live in. Cost of life and social security makes a big difference to anyone. Just in the US, considered the highest GDP per capita country, there are many who lack a good health service due to the way they manage health over there.
Finally, all the figures should consider a way to measure the quality of life. Last week I had a chance to meet with colleagues from Iran, Colombia, several EU countries, and the US. Iranians were happy as the meeting was in Turkey, they had a hard time trying to get a visa to travel to many first-world countries. Colombians told me they cannot get out at night for a walk, it is too dangerous so they basically commute from home to work in the car to avoid security problems.
How do we integrate all that in "only" financial stats?

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Just in the US, considered the highest GDP per capita country, there are many who lack a good health service due to the way they manage health over there.

GDP (in my opinion) is such a terrible indication of how a country is doing. People can be completely unemployed and starving, but robots can keep the GDP high.

How do we integrate all that in "only" financial stats?

I completely agree. It just doesn't work in that way - which is why it is far easier to pretend that money means wellbeing.