I think both are super misleading. When you look at economic measures living standards get reduced to material well-being. If your mind is in the 17th century and your body is enjoying 21st century material conditions you do not in fact have the same living standards.https://twitter.com/Noahpinion/status/1087396110849605640 …
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You’d think we’d have learned by now that the economic numbers *never* tell the whole story. But even know, 3 years into the great weirding we have very smart people insisting All Is Well simply because the economics heat signature has been weak so far.
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We’re making the same mistake in projecting the future of the developing world. As someone with a foot in both worlds who lived through the “takeoff” in 1990s India, I’m optimistic, but not delusionally so. The growth has come at a real cost. The Piper remains to be paid.
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What people are feeling *matters*. It’s the half of the story sociologists and psychologists try, however poorly, to actually get at directly, instead of declaring “the graphs all point the right way so we must be happy and prospering. If you don’t agree you’re just confused.”
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This has been shown to be untrue in the developed world and will be in the developing world as well. I see the growing subterranean sociological tensions every time I visit India or any part of the developing world. All is NOT well.
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