Economic Growth Isn't Always Social Progress

Technological advancements and economic growth do not necessarily translate into social benefits, as evidenced by the lack of welfare considerations in measures like GDP. Activities that inflate GDP can arise from harmful actions, such as hacking or creating deceptive technologies, which ultimately reflect a negative social impact rather than a true improvement in societal welfare. This reveals a disconnect between economic output and social value, highlighting the need to critically assess the implications of new products and services on society.