The Stupidity of GDP per Capita

It’s the king of economic statistics. Gross domestic product is an important tool to measure the health and strength of a country’s economy, but it doesn’t always give a full picture (and is often grossly misused). So is there a better metric? Chapters: 00:00 Intro 01:43 What is GDP per capita? 03:58 What does GDP NOT tell us? 08:11 The most glaring issue 10:20 A better metric? 13:31 Hear me out.... *All Sources at End of Video to Read More* Recommended Viewing: REACTION: "Europeans Become Poorer As Americans Get Wealthier" by the Wall Street Journal by @TypeAshton https://youtu.be/nIm1eK-iXO8 Episode No. 174 📷 Follow me on Instagram: https://www.instagram.com/typeashton/ 🤳🏻 TikTok: https://www.tiktok.com/@typeashton 🖥 Website: https://www.blackforestfamily.com 📧 E-mail: typeashton@gmail.com S𝗨𝗣𝗣𝗢𝗥𝗧 𝗠𝗘 👑 Patreon: https://www.patreon.com/TypeAshton Attribution: Music by Epidemic Sound: http://nebula.tv/epidemic Thank you to AP Archive and the Library of Congress for access to their archival footage. Stock footage and others clips by Getty and Envato Elements Narrated and produced by Dr. Ashton Schottler #gdp #economy #econ101 #economics #economia #europe #germany #france #unitedstates #unitedkingdom #italy #spain #globaleconomy #wealth #money #gdppercapita