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gdp is really bad, countries don't even use the same counting methods. I think in the Netherlands they started using criminal activity to pad up gdp growth. Als
by dragonelite 2y ago
gdp is really bad, countries don't even use the same counting methods.
I think in the Netherlands they started using criminal activity to pad up gdp growth. Also money printing and inflation is a good way to up gdp.
I like energy production and consumption a lot more, modern economies pretty much come down to using energy to either transfer or modify goods, services or data.
- roenxi 2y agoThis is actually my preferred measure too. I was happy to use GDP PPP figures because they tell a similar story to the energy statistics on ourworldindata.org. Asia miles ahead, China the most dominant, then the US and then EU. India looking to overtake the EU fairly rapidly if they follow China's footsteps. Of course the per-capita numbers favour the US still. But by absolute figures, the crown goes to Asia. And per capita the Europeans can realistically be said to be behind China for policy making purposes, the trends are clear.
- chii 2y ago> energy production and consumption a lot more which is all well and good, except when you have increases in efficiencies in energy consumption, which would show up as a drop.
- skzv 2y agoIncreasing efficiency often causes an increase in consumption, not less [0] [0] https://en.wikipedia.org/wiki/Jevons_paradox https://en.wikipedia.org/wiki/Jevons_paradox
- automatic6131 2y agoExcept for when it doesn't. E.g. lightbulbs are now 20x more efficient than in my childhoos. But I certainly don't use >20x more light(bulbs). In fact, I'm quite sure it's 1x.
- datadrivenangel 2y agoYou probably have LEDs in everything though.