Weil du mal eben den kompletten zweiten Aspekt meines Arguments weggelassen hast.
GenEcon
joined 2 years ago
It does, though. Countries with a higher GDP have higher living standards.
More complex means that you focus on what you can do best and pay others to do what they can do best. Instead of growing your own wheat and pottery, you and others pay a third person to get a tractor and you can instead focus on doing pottery and sell them and buy wheat. This way more gets produced.
And while the wheat you grow yourself isnt part of the GDP, the wheat the third person grows for you, is. Therefore a more complex economy significantly boosts the GDP more than increased productivity. So if you produce your own wheat and your own pottery and your neighbor does the same, the GDP is 0. If you sell your pottery and your neighbor his wheat, both get added to the GDP.
Der ist richtig
Sei froh, dass sie Schranz spielen und nicht L'amour de jour...
You know that people can google 'south Africa tap water', right?
First result from southafrica.net: 'tap water is safe to drink in urban areas'. So even the official sources are claiming only urban areas to be safe. If you scroll down to the 2nd result it says '47 % of municipal tap water is now classified as non-revenue water' and '46 % of the drinking water systems are safe to drink'
I hate carnival for the 'party culture' of mindlessly drinking, sexual harassment and littering. But I love carnival for their commentary of politics and society.
In specific cases GDP is flawed, but generally – looking at a lot of countries and a long time frame – a higher GDP means higher living standards.
Economists of course know of these flaws and use GDP accordingly. Its for example a great measure how complex the economic flows are.
Of course its known, that countries can easily manipulate the data, for example China, who retrospectively changed their measuring of the economic data of 2022 and increased their GDP growth 2023 that way to 5.2 %. Or Russia, who spent an enormous sum for arms production, financed by debt, which of course led to a higher GDP at the cost of debt.
Nevertheless, if you consider these kind of 'tricks', its a good measure for growth year on year. But this growth can mean two things: higher living standards for its population or a more complex economy.
Its the same with the BMI. Its a good measure in general, but looking at a specific individual, its a highly deceptive measurement.
It was Russia that tried to negotiate a treaty with the US. And the US said 'fuck you, ask Ukraine, not us'. Its Russia treating Ukraine like a puppet state, not the US.