this post was submitted on 19 Jul 2025
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Adding to this: GDP only measures the amount of money spent on stuff, not the actual value of the things. That's one of the reasons that makes economists think untouched nature is bad, it doesn't contribute to the GDP
Two economists are walking in the woods when they see a pile of bear shit.
One says to the other "I'll pay you $500 to pick up that shit."
The other agrees, but immediately regrets it. He says he'll pay the other $500 to take it from him. The other agrees.
The first thinks for a moment and says to the second "I think we're both worse off than before we started this walk."
The second, hands full of bear shit, is shocked and yells "What do you mean, we just increased the GDP by $1000!"