GDP measures vodka purchased by alcoholics; it measures chemotherapy; it measures bombs killing civilians; it measures bubble malinvestments; it measures settlements in police brutality suits; it measures daycare but not caring for your own kids.
And most importantly, it measures the velocity at which these things occur.
Isn't a society that can allow itself better alcohol, expensive medicine, better weapons, has more liquid cash, pays more in brutality suits (and pays them at all, to this matter), and spends more on daycare objectivelly better and more well-off than a society that doesn't have these things?
And most importantly, it measures the velocity at which these things occur.