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That would assume GDP is a measure of resources and production capacity as opposed to just vaguely correlated. It would also assume there is no way to reduce un
by dontlaugh 4y ago
That would assume GDP is a measure of resources and production capacity as opposed to just vaguely correlated. It would also assume there is no way to reduce unnecessary production costs, like profits.
It’s entirely possible to start from today’s resources and build production far more efficiently if we produce rationally for use.
- dgroshev 4y agoLook at the scale of the numbers involved, profits are around 15% across developed economies [1], which is not nearly enough to offset the difference between average Mongolian and what you'd consider a decent QoL. I don't see any evidence for that claim. What's more, planned economies don't seem to be particularly efficient at reducing waste or improving QoL, examples are plenty, from lake Karachay to unavailability of basic feminine hygiene products in USSR up until its breakup. [1]: eg https://www.bloomberg.com/news/articles/2022-08-25/us-corporate-profits-soar-taking-margins-to-widest-since-1950 https://www.bloomberg.com/news/articles/2022-08-25/us-corpor...