this post was submitted on 11 May 2025
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Ahhh, words of wisdom from the minds of the hard-core dogmatic 'as it was, so shall it always be' cult. It depends if you are teaching history or modern wealth management.
You absolutely are missing the point.
It doesn’t matter what we’d like it to be.
Claiming a statistical account measures chickens when it measures albatrosses and then making inferences about chickens, would be silly.
Likewise, using labour productivity figures from the national income accounts.
Nothing to say that the points you and others are raising aren’t both much more relevant and interesting.
But when the business press drags out labour productivity comparisons as if they have anything meaningful to say on the subject, it’s a non sequitur to the conversation you’d really like to have.
When the business press brings out ANYTHING as if they have anything meaningful to say on the subject is a non-sequitur...
The business press just uses doubletalk to either support or reject the current governance policies. The super=rich ignore it, because by the time it gets into the business press it is too late and they have made their move months ago.