The Tyranny Of Averages

How GDP can go up while people are dying

Globally, the top 1% are capturing most of the money, but this gets averaged out into a figure politicians can regurgitate, to make it look like we’re all doing fine. Graph via Piketty et al.

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Indrajit Samarajiva is a Sri Lankan writer. Newsletter at www.indi.ca, or just email me at indi@indi.ca.