wedrifid comments on The Importance of Goodhart's Law - Less Wrong
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That accounts for deception, but not the difference between GDP and true economic value added, which is the whole reason GDP was raised as an example. Communist countries game GDP by getting people to produce large quantities of worthless goods (like gigantic nails). Those giant nails added to GDP, but they make anybody better off?
GDP is an approximate measure of material well being. If your economic success metric classifies a society with mass starvation and routine shortages of basic goods as being as successful as a society that doesn't, then your metric is busted.
At least, that is the cover story that Naily uses to hide his tracks. Clippy, start taking notes!