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MsFrecklesSpots t1_j5z653n wrote

For me, how we calculate GDP is so out of date that it is meaningless.
Not only is GDP an odd set of factors, GDP is also missing a ton of other valuations which I see as better reflecting ‘production.’

Our economic analysis is so out of date that it is pointless to even read them.

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Libertadportodos t1_j60c4e0 wrote

Can you please expand on what are those valuations that would better reflect production? And what is being used today, that should be left out? Thanks

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lehigh_larry t1_j5zbg5c wrote

Clear case of “I don’t like what the polls are saying, so they must be wrong!”

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ExchangeKooky8166 t1_j5zosuv wrote

Most of Reddit is a "socialism is inevitable" circlejerk with no nuance allowed, all capitalism bad.

I'm all for more social spending and a rework of welfare programs, but human prosperity has increased because of capitalism.

Rwanda, Cote d'Ivoire, India, Bangladesh, Malaysia, etc are countries that have experienced fast economic growth by embracing free market principles.

Is it horrible that these people have low wages and many live in poverty? Yes. But the alternative is much worse, and history is full of full-on socialist regimes in lesser developed countries that failed.

Compare Bangladesh from independence to today. Those people are happy that you bought those clothes from their country.

I blame the Nordic circle-jerking for this attitude.

EDIT: Conservatives are also obsessed with this "left-wing economic collapse" too, it's all propaganda. Biden has done a good job.

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imafraidofmuricans t1_j5zsut5 wrote

Humans progressed under feudalism, as well. That's a nonsense argument.

At best you are doing your own circle jerk of how smart and reasonable and centrist you are. You haven't exactly revealed information that leftists don't already know. You've just severely misunderstood leftism because you haven't ever looked in to it, you are just assuming you already know everything there is to know about it.

The alternative to feudalism was also worse. Does that make feudalism good? Does that make feudalism "the best we can do"? No, if course not.

You are arguing that what we have is the best that we can do because you can't imagine an alternative. But you haven't even tried.

"History is full of full -on socialist regimes in lesser countries that fell". That really sums it up for me. You know nothing about the history of socialism. Because that's s complete nonsense statement. You don't even do the bare minimum of asking "how did they define socialism" and "how did it fail". There was no intellectual process. You just assume you already know everything.

Is it a failure of socialism if the US murders your government?

Is a country socialist because they say they are, or because they perform socialism? Can a country be socialist if it does not fulfill the basic principles of socialism?

Then the final question for you: if socialism is inherently a failure, why does this mean there is no alternative to capitalism? Why is suffering of others (you aren't sacrificing yourself doing near slave labor, it's always somebody else) necessary?

Compare your own country to Bangladesh. Would you accept their working conditions? Why not? Why do you think you deserve better but they don't? Are they not equals?

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