You are viewing a single comment's thread. View all
9
CatoTheElder on scored.co
1 year ago9 points(+0/-0/+9Score on mirror)1 child
>(((GDP))) is a retarded metric for a country's wealth.
Absolutely. Even GDP per capita is bad, simply because the services circlejerk creates no wealth.
A far better metric for how good a country or region is doing is [energy production per capita](https://ourworldindata.org/grapher/per-capita-electricity-generation?tab=chart&country=USA~IND~CHN~RUS~OWID_EUR~OWID_AFR~OWID_SAM~JPN). From the graph you can see that the US died in 1999, and the EU died in 2008. Every 2nd and 3rd world country is on the way up.
Energy is life, and importing more people steals energy from you and your kin.
Now that is a good metric, and it applies to innovation as well. Any newly established company is gonna need access to cheap energy, as well as growing existing companies.
Absolutely. Even GDP per capita is bad, simply because the services circlejerk creates no wealth.
A far better metric for how good a country or region is doing is [energy production per capita](https://ourworldindata.org/grapher/per-capita-electricity-generation?tab=chart&country=USA~IND~CHN~RUS~OWID_EUR~OWID_AFR~OWID_SAM~JPN). From the graph you can see that the US died in 1999, and the EU died in 2008. Every 2nd and 3rd world country is on the way up.
Energy is life, and importing more people steals energy from you and your kin.