A significant reason why much of the total economic output produced by
societies does not directly benefit the population arises from waste generation
and the practice of planned obsolescence.
This evaluation explores the idea that only about 30% of a country's productive
output is effectively beneficial to the population, with the rest lost to war, usury,
corruption, and bureaucratic inefficiency. It also critiques GDP as an inaccurate
measure of societal wealth since it includes war-related and other destructive
economic activities as positives. Infrastructure quality is proposed as a crucial
complementary measure to GDP for a more accurate picture of societal wealth.
The analysis draws from historical, social, and economic perspectives.
A significant reason why much of the total economic output produced by
societies does not directly benefit the population arises from waste generation
and the practice of planned obsolescence. Both factors contribute to resource
inefficiency, environmental degradation, and economic costs, further reducing
the useful share of production
Sascha Labin
Nom de Plume
time selfmanagement mindfulness