this post was submitted on 20 Feb 2024
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And I don't mean things you previously had no strong opinion about.

What is a belief you used to hold that you no longer do, and what/who made you change your mind about it?

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[–] [email protected] 41 points 8 months ago (1 children)

Off the top of my head, I used to think that economic growth of a country equals wealth growth for its people and equals good leadership is steering the country policies.

Turns out that good leadership and economics are rather loosely correlated and also a large inertia allows bad leadership to reap what others saw

[–] [email protected] 8 points 8 months ago (1 children)

Turns out that good leadership and economics are rather loosely correlated

Leadership and economics are very closely linked, but not in terms of economic growth like GDP. Rather the economic measure of a good leader should be stuff like wages, CPI, wealth gap, unemployment/homelessness statistics, etc.

[–] [email protected] 7 points 8 months ago

Yeah, that's the real thing: "the economy" is how well the country is working for rich people and corporations. Look at average wages, actual buying power, etc. What's in the hands of the worker. That's the actual measure of how well a country is doing. Grotesque inequality is a condemnation, regardless of what the stock market is doing.