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sarahbell

World's 5th biggest economy

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16 minutes ago, sarahbell said:

Do we really live in the world's 5th biggest economy?

Is it all just balanced on a delicate pile of debt, or actually on solid foundations?

Should we measure the economy's performance as merely GDP (well let's just invite another billion in and take on the US and China) or should we be looking at something better like GDP per capita (in which case we are far below 5th, even if you remove the oil producers and tax havens like Qatar, Brunei, Liechtenstein, Monaco etc.)?

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14 minutes ago, sarahbell said:

26730930_1180360425432209_11030271057375

Even though im a old svhool blue collary labour type, that list has som problems and is pretty fucking dumb.

Free heakth care? Sure, if the employees work for free, as thats the largest cost. And wgat levrl of health?

You do have access to the kegsl ststem - called going to court. How you get on deoends on your legal knowledge.

Roof over head. Yep. 10 in an hmo in scunthorpe.

Proper wage for the work. Yes.....

Access to welfare state. If theyve contributed.

Access to a transport system. I guess this was funded by aslef. Easy done - nooone on the trains to earn more than 12k.

31 minutes ago, sarahbell said:

Do we really live in the world's 5th biggest economy?

Is it all just balanced on a delicate pile of debt, or actually on solid foundations?

Problem is gdp is an activity.

Need to factor in debt and liabilities.

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20 minutes ago, The Generation Game said:

Should we measure the economy's performance as merely GDP (well let's just invite another billion in and take on the US and China) or should we be looking at something better like GDP per capita (in which case we are far below 5th, even if you remove the oil producers and tax havens like Qatar, Brunei, Liechtenstein, Monaco etc.)?

GDP per capita is the only measure that really matters to people in their daily lives.

Being a big economy means nothing if it's just even more immigrants on slave wages.

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43 minutes ago, sarahbell said:

26730930_1180360425432209_11030271057375

 

Shouldn't there be something in the list about price stability.

It's only the 5th largest economy (statistically based on fiddled statistics) because of debt and money printing not much else.

Edited by twocents

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12 minutes ago, Frank Hovis said:

GDP per capita is the only measure that really matters to people in their daily lives.

Being a big economy means nothing if it's just even more immigrants on slave wages.

But this is how you keep a Ponzi going, with slaves.

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4 minutes ago, Green Devil said:

But this is how you keep a Ponzi going, with slaves.

Especially if you ensure increase in resources available <  increase in body count. 

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1 hour ago, The Generation Game said:

Should we measure the economy's performance as merely GDP (well let's just invite another billion in and take on the US and China) or should we be looking at something better like GDP per capita (in which case we are far below 5th, even if you remove the oil producers and tax havens like Qatar, Brunei, Liechtenstein, Monaco etc.)?

I did look (a while ago) at GDP and its components .... imputed rent increased from 8% of GDP to around 11% over a few years. I suspect that those piles of bricks are the single biggest contributor to GDP ... more than the banks, cars, chemicals, aerospace ... maybe more than weapons sales to nations that also want to wipe us and our way of life out ...

Edited by satch

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