this post was submitted on 05 Feb 2024
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Doesn't the US count things like the excessive healthcare costs into its GDP?
it also counts debt and financial services lol, so the more times you re-sell somebodys mortgage, the more "productive" the economy is
Also, unequal exchange.
John Smith - The GDP illusion
Also the bloated contracts the US military contractors get where everything is twice as expensive than it needs to be.