Instead of money a better way to measure well being is per capita consumption of energy, and levels of education.
Energy consumption is unequal because we live in unequal societies and have lived in these societies since Agricultural revolution 10000 years ago. This is by necessity a finite sum game, and people who grabbed a big share are unaware of the big share that they have taken let alone sharing it equitably.
In terms of education, India and other countries that have done worse than China, have done worse in terms of education, which means more population growth than China and lower standard of living. Education (lack of it) can be easily solved but I have not seen political will on a global scale. As far as I can tell even EA community neglects basic education (12 years/high school equivalent in USA)
Instead of money a better way to measure well being is per capita consumption of energy, and levels of education.
Energy consumption is unequal because we live in unequal societies and have lived in these societies since Agricultural revolution 10000 years ago. This is by necessity a finite sum game, and people who grabbed a big share are unaware of the big share that they have taken let alone sharing it equitably.
In terms of education, India and other countries that have done worse than China, have done worse in terms of education, which means more population growth than China and lower standard of living. Education (lack of it) can be easily solved but I have not seen political will on a global scale. As far as I can tell even EA community neglects basic education (12 years/high school equivalent in USA)
The following article is good reading for importance of energy Supplemental energy puts humans in charge