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We should have an actual GDP measure where bloat like finance and real estate are removed. Would really like to see a comparison using that measure.
by kelipso 1y ago
We should have an actual GDP measure where bloat like finance and real estate are removed. Would really like to see a comparison using that measure.
- deadfoxygrandpa 1y agowe have one, it's called MPS and it was used by the soviets and most of the communist countries including china until the 1990s. china has still not fully transitioned away from MPS and into SNA which is one reason their service sector share of GDP seems so impossibly low
- rhubarbtree 1y agoSounds like that could give useful insights. I couldn’t find MPS - do you have a link please?
- maxglute 1y agohttps://en.wikipedia.org/wiki/Material_Product_System https://en.wikipedia.org/wiki/Material_Product_System
- rsynnott 1y agoGDP PPP certainly doesn't get all the way, but it probably is more appropriate for this sort of comparison.