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this post was submitted on 13 Sep 2024
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Exactly, the one thing the war showed is that the GDP metrics the west has been using to measure the size of an economy are completely worthless. Turns out that Russia alone has the industrial capacity to outproduce all of the west combined.
I wouldn't say that the GDP metrics are useless, though I don't think you mean that literally. But in this context, they aren't the point.
I find GDP by itself doesn't really tell you much. Stuff like PQLI is far more meaningful.