One of the most prominent failures of United States society is that we try to measure how well we as a people are doing by reference to how much money we make in a year: GDP . When in reality, although the spending power of each individual does contribute to our standard of living, an economic reference reveals nothing of the relevant value of our spiritual or emotional well-being as a people. On top of that, the index does not include domestic labor, parenting and so on, in other words, positions and task traditionally fulfilled by women in this country because our patriarchal society discounts the labors of women.
Money has value, but only the value that we assign to it (there is not even a gold nugget backing up the “Federal Reserve Note” and don’t let me get onto the Fractional-Reserve Banking system and the Marginal Propensity to Consume, which make money out of thin air; this flimsy pieces of paper and digital ones and zeros only have the value we assign to them.
However, money is so low on our collective hierarchy of values; trust, love, friendship, acceptance, honor, honesty, parenting, the capability to care for loved ones when ill, a government that respects us and is answerable to us, promises, and happiness; that using a GDP or a salary to measure our well-being is utterly lacking, it is invalid and unreliable.
We have been bamboozled into believing that money will make everything okay, that it is all that we should be concerned with and that it will answer all of our problems, but that is a farce, a fallacy, and an utter and disrespectful lie.
But a GDP is not the only way to measure the well-being of a people, nation, state. For another model check this out: