"Could we ask for our $47 trillion back? Not directly, but we could certainly tax the 1 per cent at 90 per cent or higher for the next century or two, and not feel guilty about it."
Too bad corrupt politicians and mass media will prevent this from happening.
There's some other theories why everything changed in the early 70s. https://wtfhappenedin1971.com/ has a nice compilation of them and their downstream effects.
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[ 3.5 ms ] story [ 31.5 ms ] threadToo bad corrupt politicians and mass media will prevent this from happening.
They can also just... not.
Do yourself a favor and read the paper, but first read up on how GDP is calculated.