Red Canary Song 红莺歌

Thank you, @rontkim !!!https://twitter.com/rontkim/status/1184546140420825089 …

“...that Gross National Product counts air pollution and cigarette advertising, and ambulances to clear our highways of carnage. It counts special locks for our doors and the jails for the people who break them...” —RFK Jr., Univ. of Kansas, March 8, 1968

And the GNP does not count “externalities” left out of the market: environmental costs, human costs. US health and human welfare metrics lag way behind other countries relative to GDP. “tragedy of the commons” This is Econ 101. But let a Stiglitz or Sachs say it, and it’s legit

Furthermore, according to the ILO, over 61% of the world (2 billion ppl) work in informal economies: street vendors, domestic workers, sex workers, day laborers, people without national status. This is miscounted or not counted in GDP, so these people are undervalued.