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by CrazyStat 1206 days ago
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.
1 comments

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.
Thereby admitting that you actually know nothing about readers of Jacobin, and your slur was completely unjustified.
Bad reasoning. I bet you don't watch Newsmax, but you probably know some things about people who watch Newsmax.

I wanted to make a joke about it being exactly the kind of reasoning a Jacobin reader would use, but I'm refraining.