gdp per capita is just a measure of how much wealth is extracted from each worker. It does not measure how much of that money is given back to the average citizen or how much is hoarded by the capitalists. GDP is basically a useless measure because buying and selling stocks is added to gdp.
The poorer half of the population in Poland have around 25% of the wealth while the richest 10% have close to 40% and that wealth gap as only grown since 2000.
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.
gdp per capita is just a measure of how much wealth is extracted from each worker. It does not measure how much of that money is given back to the average citizen or how much is hoarded by the capitalists. GDP is basically a useless measure because buying and selling stocks is added to gdp.
The poorer half of the population in Poland have around 25% of the wealth while the richest 10% have close to 40% and that wealth gap as only grown since 2000.
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.