The One Real Economic Indicator: ‘Upgrade to Premium’
If you want to escape immiseration, that option is available–upgrade to Premium.
I propose we set aside the conventional economic measures (GDP, unemployment, corporate profits, etc.) in favor of a more real-world metric: how many times we’re hectored to “upgrade to Premium” to regain services that were once part of what we already paid for.
I submit that this metric is a far better measure of what’s really going on in the economy than abstractions like GDP which say nothing about our real-world quality of life or whose getting the lion’s share of the spoils.
If we track how many times we’re hectored to “upgrade to Premium,” it’s clear the economy is in some terminal stage of decay beneath the happy story of soaring corporate profits. Or perhaps more accurately, the economy is in a terminal stage of decay in which corporate profits depend on reducing the quality of daily life as the last remaining means of pushing profits higher.
Consider a subscription to a major national newspaper. A subscripti
Article from LewRockwell
LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
