The success of a nation's economy should not be judged by its GDP

[Politruk]

The success of a nation's economy should not be judged by its GDP, not even by its GDP per capita; nor (as many conservatives and Libertarians seem to think) by government spending as a percentage of GDP (the lower the better). It should be judged by what it's like to live there -- by the average standard of living, and by how low the poverty rate is. The social democracies perform best.

 

[Politruk]

Relevant measures:

World Happiness Report

Happy Planet Index

Human Devlopment Index

Genuine Progress Indicator

Index of Sustainable Economic Welfare

Legatum Prosperity Index

Where-to-Be-Born Index

Democracy Index

Can't argue with results! The social democracies perform best!

 

[Politruk]

After all, what good is a high GDP if it does nothing but make the 1% richer?

 

[Rightguide]

The success of a nation's economy should not be judged by its GDP, not even by its GDP per capita; nor (as many conservatives and Libertarians seem to think) by government spending as a percentage of GDP (the lower the better). It should be judged by what it's like to live there -- by the average standard of living, and by how low the poverty rate is. The social democracies perform best.

Of course! Let's forget GDP, productivity, innovation, or the ability to feed and defend yourself. The real measure of an economy is whether the government can change and burp you from cradle to grave while taxing the ambition out of everyone else. The answer from you is always bureaucratically managed bliss.

 

[Politruk]

Of course! Let's forget GDP, productivity, innovation, or the ability to feed and defend yourself. The real measure of an economy is whether the government can change and burp you from cradle to grave while taxing the ambition out of everyone else. The answer from you is always bureaucratically managed bliss.

See post #2. Click links therein. Results!

 

[Rightguide]

See post #2. Click links therein. Results!

I already read your book, Karl Marx’s Ghostwriter: A Modern Guide to Spending Like There’s No Tomorrow.

 

[TheGxForum]

Should be judged least amount of pig culture the better...or simply place with the least amount of laws is best...

 

[Politruk]

I already read your book, Karl Marx’s Ghostwriter: A Modern Guide to Spending Like There’s No Tomorrow.

Things in general go better in the social democracies. You can't deflect your way around that.

 

[Rightguide]

Things in general go better in the social democracies. You can't deflect your way around that.

Europe is falling apart, we are prospering.

 

[Politruk]

Europe is falling apart, we are prospering.

We are not prospering. GDP has been rising since the 1980s while real earnings have stagnated in the same period. That is not prosperity.

 

[Rightguide]

We are not prospering. GDP has been rising since the 1980s while real earnings have stagnated in the same period. That is not prosperity.

Under Trump, Biden's economic destruction of the US has been halted and is in the process of being reversed.

 

[Politruk]

Under Trump, Biden's economic destruction of the US has been halted and is in the process of being reversed.

Biden never did a single thing that was bad for the economy. Trump has. And you know it.

 

[Politruk]

Should be judged least amount of pig culture the better...or simply place with the least amount of laws is best...

Somalia is not a model to imitate.

 

[TheGxForum]

Somalia is not a model to imitate.

Somalia levels of pig culture are very high as is any corrupt government has very high levels of police culture...

 

[Politruk]

We are not prospering. GDP has been rising since the 1980s while real earnings have stagnated in the same period. That is not prosperity.

Not even RG contradicts this.

 

[nowisthetime]

The success of a nation's economy should not be judged by its GDP, not even by its GDP per capita; nor (as many conservatives and Libertarians seem to think) by government spending as a percentage of GDP (the lower the better). It should be judged by what it's like to live there -- by the average standard of living, and by how low the poverty rate is. The social democracies perform best.

I have always said, a great society is a society who takes care of their most vulnerable first!