this post was submitted on 01 Apr 2025
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The power of planned economy (lemmygrad.ml)
submitted 5 days ago by yogthos@lemmygrad.ml to c/sino@hexbear.net
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[–] ProletarianDictator@hexbear.net 6 points 5 days ago (4 children)

Tired of hearing about GDP. Tell me about industrial capacity.

[–] WizardOfLoneliness@hexbear.net 6 points 4 days ago (2 children)

well since China's economy isn't built on shuffling around debt but actually on manufacturing things, gdp and manufacturing capacity are directly correlated

[–] ProletarianDictator@hexbear.net 7 points 4 days ago (1 children)

Right, but the comparison changes since economies like the USA are like 25% parasitic rent seeking or deck chair shuffling.

[–] miz@hexbear.net 1 points 4 days ago

Two economists are walking in the park. The first economist sees a pile of dog shit and says to the other, "I'll pay you $50 to eat that dog shit." So he does and gets paid $50. Later on, the second economist sees a pile of dog shit and says to the first, "I'll pay you $50 to eat that pile of dog shit." So he does and gets paid $50.

The first economist says, "I can't help but feel we just ate dog shit for nothing." "Nonsense," says the second economist, "We just contributed $100 to the economy."

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