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The "GDP Growth (Real)" column in the wikipedia article GP linked agrees, but it doesn't tell a story that justifies "Germany's GDP is shrinking".
by omnicognate 10mo ago
The "GDP Growth (Real)" column in the wikipedia article GP linked agrees, but it doesn't tell a story that justifies "Germany's GDP is shrinking".
- WalterBright 10mo agoSee the graph "G7 Real GDP % change compared to pre-Pandemic level": https://commonslibrary.parliament.uk/research-briefings/sn02784/ https://commonslibrary.parliament.uk/research-briefings/sn02... The US has 13.3% growth and Germany 0.1%.
- M95D 10mo agoBecause of AI and it's indirect effects, such as electricity demand.
- bojan 10mo agoTwo points: 1) GDP is, while very important, not the only measure of country's prosperity And 2) how much of those 13.3% is being hoarded by a single-digit amount of companies?
- WalterBright 10mo ago> hoarded Productive companies do not hoard wealth. They invest it. GDP is not a measure of wealth, it is a measure of production.
- tremon 10mo agoSoftbank -> OpenAI -> Oracle -> Nvidia -> Intel -> Microsoft. Over 1 trillion dollar invested in total. Where is the production?
- nickpp 10mo agoI (and most of the people I know) are happily paying for ChatGPT (or one of its competitors) every month. The value I get from it dwarfs the tiny fee.
- WalterBright 10mo agoI'm a paying subscriber to both ChatGPT and Grok and am a satisfied customer. It's fun to compare the output of both.
- bojan 10mo ago> They invest it. Where? Where is the growth in other sectors then?
- mschuster91 10mo ago> The US has 13.3% growth Without the incestous web of the AI bubble, the US would actually be in a recession, especially due to the tariffs.
- WalterBright 10mo agoYes, if you overlook the productive companies, the economy is unproductive.