this post was submitted on 05 Sep 2024
509 points (91.7% liked)

Comics

5782 readers
162 users here now

This is a community for everything comics related! A place for all comics fans.

Rules:

1- Do not violate lemmy.ml site-wide rules

2- Be civil.

3- If you are going to post NSFW content that doesn't violate the lemmy.ml site-wide rules, please mark it as NSFW and add a content warning (CW). This includes content that shows the killing of people and or animals, gore, content that talks about suicide or shows suicide, content that talks about sexual assault, etc. Please use your best judgement. We want to keep this space safe for all our comic lovers.

4- No Zionism or Hasbara apologia of any kind. We stand with Palestine 🇵🇸 . Zionists will be banned on sight.

5- The moderation team reserves the right to remove any post or comments that it deems a necessary for the well-being and safety of the members of this community, and same goes with temporarily or permanently banning any user.

Guidelines:

founded 4 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] -1 points 1 week ago (1 children)

Cool feels. The facts are that GDP has grown more than 1000% (not a typo) in the 30 years post communism.

[–] [email protected] 3 points 1 week ago* (last edited 1 week ago) (1 children)

Again, fantasy.

Who calculated the GPD of a command-driven, non-capitalist state, and how did they do it? It’s incomparable using such a metric: apples & oranges.

And regardless, GDP is a garbage metric. All sorts of unproductive income is included, things that are not part of the real economy.

Finance Capitalism versus Industrial Capitalism: The Rentier Resurgence and Takeover

Today’s national income and GDP accounting formats are compiled in keeping with this anticlassical reaction depicting the FIRE [Finance, Insurance, and Real Estate] sector and its allied rent-seeking sectors as an addition to national income, not a subtrahend. Interest, rents, and monopoly prices all are counted as earnings—as if all income is earned as intrinsic parts of industrial capitalism, not predatory extraction as overhead property and financial claims.

When the socialist states privatized what had been public—which was nearly everything—and sold them at fire sale prices to the neocolonial capitalists of the imperial core, that would have been included in the GPD as well. What did that get them but a new class of local oligarchs? Just bonkers.

If you compare the GDP of suddenly collapsed, suddenly capitalist states—that were being actively pillaged by the Global North—to their GDP 30 years later, of course line go up. But that’s a very different comparison to their situations pre-collapse.

[–] [email protected] -1 points 1 week ago

Is any metric that's unfavorable immediately garbage? Life expectancy? Number of political prisoners? HDI?