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Have you ever seen US GDP go up 5% yearly for several years?
by mykowebhn 8mo ago
Have you ever seen US GDP go up 5% yearly for several years?
- matthewaveryusa 8mo agoThat’s the bet! last time we had that growth was for a few years during the dotcom, followed by a lost decade of growth in tech stocks
- dkasper 8mo agoChina did it. It’s not inconceivable.
- eatsyourtacos 8mo agoYeah but China actively works in the best interest of their entire population.
- brutalc 8mo agoHuh? No they don’t.
- direwolf20 8mo agoIn what way? Bring some substance instead of a vague rebuttal
- b00ty4breakfast 8mo agoThey're for those within the population that are willing to submit themselves to the whim of the state and whose prosperity in some way directly benefits the oligarchs that run the state. Certainly, as just a few examples, they are not for the well-being of the Uyghar population or pro-democracy activists or journalists investigating human rights violation or supporters of Tibetan independence.
- irishcoffee 8mo agoOh and Covid, don’t forget Covid.
- direwolf20 8mo agoThe population's best interest is to never get COVID
- irishcoffee 8mo ago> The population's best interest is to never get COVID I hope you understand that not everyone agrees with your opinion on what is best for the populations best interest.
- deleted 8mo ago[deleted]
- Retric 8mo agoChina’s GDP per capita fell for the first 40 years of CCP rule, making it way easier to have constant growth after that period. https://en.wikipedia.org/wiki/Economic_history_of_China_(1912%E2%80%931949)#/media/File:GDP_per_capita_development_in_China_1913_to_1950.svg https://en.wikipedia.org/wiki/Economic_history_of_China_(191... Developed countries have slow growth because they need to invent the improvements not just copy what works from other countries.
- paulorlando 8mo agoThe chart you listed is for the years before the CCP won the civil war in 1949. But agreed that many of the problems overcome were also problems that were created after the war.
- Retric 8mo agohttps://en.wikipedia.org/wiki/Communist-controlled_China_(1927%E2%80%931949) https://en.wikipedia.org/wiki/Communist-controlled_China_(19... Starting at 1949 is overly generous IMO, but yes the purges that followed didn’t help.
- woooooo 8mo agoJapan controlled much more of China than the communists did before 1945. And having half your country occupied is bad for GDP. You made a mistake and believed some propaganda here.
- fatherwavelet 8mo agoIn 1979, median income in China was $100 USD a year. In 1979, median income in the US was $16,530 USD a year. Not exactly an apples to apples comparison.
- nradov 8mo agoDid China really do it though? We can clearly see that China has achieved huge economic growth since Deng Xiaoping took control. But the specific numbers can't be attempted to be believed. Communist Party officials at every level heavily manipulate the official economic data to meet their annual goals and no independent auditing is allowed.
- deleted 8mo ago[deleted]
- hyperbovine 8mo agoBy pulling ten million people a year from farms into factories and ploughing 40% of GDP into infrastructure and education. Sounds like a sound analogy to me.
- geysersam 8mo agoDoesn't have to go up. It's also fine if they replace other parts of the economy.
- johnvanommen 8mo agoexactly.
- mwwaters 8mo agoIn the expenditures for the economy making up GDP, not a lot of it screams “AI-able.” Page 9 here breaks down GDP on expenditure basis. https://www.bea.gov/sites/default/files/2026-01/gdp3q25-updated.pdf https://www.bea.gov/sites/default/files/2026-01/gdp3q25-upda... Given how much of the spending is hard goods and simply not AI-able (rent, most of housing new construction, most of other goods, most health care, much of other services), the replacement theory would require a massive displacement.
- crazygringo 8mo agoThe quote is about a one-time increase in growth of 5 percentage points. Not multiple years or forever. Or obviously it can be spread out, e.g. ~1% additional increase over 5 years.
- blks 8mo agoIt cannot be sustained with just one-time growth. Capital always has to grow, or it will decrease. If this bubble actually manages to deliver interest, this will lead to the bubble growing even larger, driving even more interest.