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by CrazyStat 1206 days ago
It's a bad and misleading analogy, because most readers will understand it as "companies are richer than countries"--which is probably exactly the feeling that Jacobin wants to evoke. I wouldn't accept such an analogy from a right wing news source (Fox News, say), and I won't accept it from a left wing news source.

To build on your analogy, it's like saying "if you laid all the people in the world in a line it would circle the globe N times" but not mentioning the fact that you're lining them up belly to back instead of head to toe.

We should hold ourselves to a higher standard.

1 comments

> most readers will understand it as "companies are richer than countries"

Says who? You're not giving readers much credit.

No, I'm not. Most people don't understand the details of either corporate or national accounting, and the very important difference between an annual production measure like GDP vs a total market value measure like market cap will be lost on them, especially in passing.
Again you're speaking for "Most people" with no empirical evidence or polling.

Let me take a turn though: "Most people" aren't reading a Jacobin article at all. The only relevant audience is the readers of this article.

Unfortunately readers of Jacobin are perhaps particularly unlikely to understand the details of corporate and national accounting.
You're one of them.
Only in passing.