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tangs

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16/01/24

16:06

Post #: 71906387
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Originally posted by moorookamick: ↑

If you mean that the war materials are not converted into enduring
national assets...then you are right.

But of course GDP calls don't factor-in assets nor do they account for debt.
(isn't the US lucky...eh?....otherwise China with its mountain of State Owned Enterprises' Assets
would be a lot further ahead of Uncle Sam in GDP (PPP)and perhaps pip him in GDP Nominal eh?)

That said, IMO, there should be an alternative measure of global economies that account for
assets and debt (net assets) as well as the conventional GDP.

But getting back to the irony of war materials adding to GDP , I guess the macro economists
simply see these materials as an export where the multiplier stops at the wharf but without the
addition of export revenue .......a kind of like foreign aid!

Expand

of course I'm right and don't try and change the subject

the intent was to try and show Germany had a worse economy than RUSSIA .....in actuality by any reasonable measures Germany's economy is a lot better than russias

russia have huge natural advantages that they squander through inefficiencies , poor management , worst corruption in Europe and an incredible amount of (very costly ) aggression .
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