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I think GDP matter in that it reflects the ability of a country to create resource. How ever how each country feels like using it is their prerogative. I doubt
by DeonPenny 6y ago
I think GDP matter in that it reflects the ability of a country to create resource. How ever how each country feels like using it is their prerogative. I doubt German citizen would complain if they had another 20k per year on average.
I think the issue is that values in those different countries are very different.
Theres much less freedom in terms of housing and income in Germany which makes it easier to have equality of outcome. By the very definition of a free society the free-er you are to succeed, the free-er you are to fail and to the sadness of most people, the distribution of success is a pareto distribution and not a normal distribution .
The usually doesn't want to do this mostly because 1. limiting freedom comes with Germany's very obvious downside. 2. The belief of a lot of Americans is a Government of the US scale typically implements those things poorly. We have states that would comparable but in general the idea is the bigger the governmental body the dumber it and simpler their tasks need to be so that it can't mess it up.
- jeffbee 6y agoThat scans like a bunch of right-wing word salad. Germans would not be any better off if they each got an extra 20k/year and their health care and housing costs were also 20k/year higher. This is the core flaw of GDP, well-known among economists since GDP was invented. It does not measure well being.
- DeonPenny 6y agoI didn't mean they would lose 20k in health and housing. They would still have that plus 20k. I was just simply explaining a different perspective. Also I don't think dismissing something that differs from your ideas is a good way of going about things. Regardless if it is right or not theres a reason why those idea subsist. I don't think that there is a mistake that cultures with both right and left ideas seem to thrive. I don't think our ancestors were dumb