Somehow, Britain is still the world's 6th largest economy per GDP.
And yet its poor are among the poorest in Europe. We really need a different way to represent economic rankings. Having a handful of the billlionairest billionaires doesn't make your country a good place to live.
@pieist gdp isn't even a good measure of average/total wealth
@almostconverge Per capita it's half that of Norway and rather less than that of Ireland
@pieist but it's very easy to artificially inflate gdp, like if you're a tax haven, you can generate a lot of gdp without any of that money ever actually touching your country's economy
@almostconverge I forget who said it first: "economists must learn to subtract". A thing which generates economic activity isn't necessarily a thing which produces prosperity. Rather the reverse in many cases.
