I’m not a fan of GDP as any measure of anything. Buying a piece of sausage from a supermarket through a chain of middle men, industrial meat processing companies, slaughterhauses and livestock traders generates many times more GDP than buying the same sausage from a neighbouring farmer even though there is absolutely no added value. I am convinced that GDP measures mostly how bizantine are chains of production and trade networks and how many corporate middle men extract money from workers between production and consumption of anything.
I’m not a fan of GDP as any measure of anything. Buying a piece of sausage from a supermarket through a chain of middle men, industrial meat processing companies, slaughterhauses and livestock traders generates many times more GDP than buying the same sausage from a neighbouring farmer even though there is absolutely no added value. I am convinced that GDP measures mostly how bizantine are chains of production and trade networks and how many corporate middle men extract money from workers between production and consumption of anything.