Yes, it's a reasonable metric of "we're doing better than anyone anytime".
It's very easy to ruin this and very hard to improve upon. Why should I believe whatever anyone suggesting is going to make things better? Every single attempt of destroying capitalism "for the benefit of the proletariat" made it worse for said proletariat, big time, every time.
Reasonable to whom? (Hint: Not the impoverished, and there are a lot of those)
Or simply a twisted rationalization so some can sleep better at night?
I would recommend you read "Broken Money" by Lyn Alden. There's are some serious systemic thumbs on the "globalization" scale, and those thumbs are the same outfits spewing the narrative you're parrotting.
Get the book. We can resume this in a couple weeks.
It's very easy to ruin this and very hard to improve upon. Why should I believe whatever anyone suggesting is going to make things better? Every single attempt of destroying capitalism "for the benefit of the proletariat" made it worse for said proletariat, big time, every time.
Also, figuratively speaking, clean your room.