this post was submitted on 06 Dec 2023
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[–] Showroom7561@lemmy.ca 10 points 11 months ago (1 children)
[–] yogthos@lemmy.ml -4 points 11 months ago (2 children)
[–] Showroom7561@lemmy.ca 3 points 11 months ago (1 children)

I don't doubt that the US does the same, but I'm not sure if an opinion piece citing other opinion pieces is the strongest evidence. 🫢

[–] yogthos@lemmy.ml -2 points 11 months ago

I mean, you don't have to look at opinion pieces to see that US cooks their numbers. It's openly admitted on the BEA website. The whole imputation bit is basically fictitious GDP. For example, when a person buys a home, the government adds that person’s imaginary rent to the GDP. That is, if he didn’t buy a home, he would have spent X dollars on rent.

https://www.bea.gov/help/faq/488

[–] Jax@sh.itjust.works 1 points 11 months ago

It's almost like they're intertwined! Who could have guessed.

[–] cecinestpasunbot@lemmy.ml 1 points 11 months ago

That’s an interesting analysis. If it’s correct then it would suggest that while China has a larger economy it has yet to achieve the influence over international finance that the US currently enjoys.

[–] PowerCrazy@lemmy.ml 0 points 11 months ago

Fortunately as a militant leftist I don't give a fuck about about imaginary numbers like the GDP. I care about the material conditions and quality of life of the average citizen as well as how much infrastructure the country builds for it's citizens. In which case, well America is still pretty shit.