Why GDP no longer equals welfare

What happens when the economic data says one thing, but people’s lives say another?

This week, Nick and Goldy talk to Matt Stoller about what he calls a “Boomcession”—the disconnect between headline economic indicators and how the economy actually feels for most people.

They go straight at the disconnect: why the numbers say everything’s fine… and people say otherwise. If the economy is supposed to work for people, why do so many people feel like it isn’t?

Matt Stoller is the research director at the American Economic Liberties Project and author of Goliath: The 100-Year War Between Monopoly Power and Democracy. He writes the Substack newsletter BIG, focused on monopoly power, corporate concentration, and political economy.

Social Media:

@matthewstoller.bsky.social

@matthewstoller

Further reading: 

The Boomcession: Why Americans Hate What Looks Like an Economic Boom

Goliath: The 100-Year War Between Monopoly Power and Democracy

Organized Money Podcast

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