Most of the people I know, even if they have some issues with American capitalism, think is seems to work pretty great at "creating wealth" (these are all middle-class white folks, fwiw). They look at their relatively spacious houses, abundance of cheap consumer goods, two cars, etc and think yeah, this is all pretty great, thank you capitalism.

What I've tried to impress on them is a.) this wealth is due in no small part to exploiting workers in the global south, and b.) this wealth is also do to unsustainable exploitation of the environment.

So assume that this data is accurate - that we are using up the equivalent of 5 times the resources of earth. Current US annual GDP per capita is about $65k. Does this data mean that about 80% of this GDP or $52k is based on unsustainable exploitation of the environment? That what they attribute to the miracle of capitalism is really just ripping everything we can out of the planet? I get that GDP /= consumption, but I feel on a national level is near enough to make no difference. And even if 5X is high... say it's only 2X after making various adjustments. That still means HALF of what we attribute to capitalist wealth creation isn't about capitalism at all, just unsustainable greed (which is, of course, definitely capitalism)?

  • Puffin [any, they/them]
    ·
    4 years ago

    GDP is a bad measure of this. TBH, GDP is a bad measure of most of the things people use it for.

    • Bedulge [he/him]
      ·
      edit-2
      4 years ago

      Two economists are trapped on a desert island. They decide to escape by taking a coconut and a banana and trading them back and forth between them, thus increasing the island's GDP by one coconut + one banana worth of value every trade, until they have created an amount of value that is equal to one boat.

      • ToastGhost [he/him]
        ·
        edit-2
        4 years ago

        theres a smbc comic like this, two economists go out to an exposed rock pile in the middle of the ocean with a computer that rapidly exchanges a single byte of data between them, thus making it the wealthiest nation ever.

        Edit: Found it