this post was submitted on 05 Feb 2024
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Chinese Economy Collapsing (lemmygrad.ml)
submitted 7 months ago by [email protected] to c/[email protected]
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[–] [email protected] 9 points 7 months ago (2 children)

Doesn't the US count things like the excessive healthcare costs into its GDP?

[–] [email protected] 14 points 7 months ago (1 children)

it also counts debt and financial services lol, so the more times you re-sell somebodys mortgage, the more "productive" the economy is

[–] [email protected] 10 points 7 months ago

Also, unequal exchange.

John Smith - The GDP illusion

[–] [email protected] 9 points 7 months ago* (last edited 7 months ago)

Also the bloated contracts the US military contractors get where everything is twice as expensive than it needs to be.