Why is GDP used as the standard when measuring the size of an economy?Shouldn't we compare based purely on the amount of money possessed—that is, wealth?This is the ranking of total wealth by country for 2026.
>>534687722Is this a measure of the size of the money supply in circulation? Or the total value of physical assets within a country's geographical area?
>>534687722>Why is GDP used as the standard when measuring the size of an economy?It isnt you dumb Amerimutt VPN bugman.Its used to indicate internal development over time.The meaningless bigger number dickmeasuring contest ccross unrelated economies was made up by and for Amerimutt bugmen too retarded to read.
>>534687722it's harder to reason about wealthYou need to accurate value all variety of assets, sometimes without the help of a marketIt's a lot easier to add up transaction amounts
>>534688608*it's harder to measure wealthreasoning is fine ig
Federal Reserve bank notes are fake jewish paper money.
>>534687722What about Poor People Points tho?https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capitaLmao, Italy practically as wealthy as the UK, South Korea wealthier than France, etc.
>>534687722Wealth doesnt matter for shit if you cant actually move and make shit.
>>534688038You are brown
>>534687722No. Asset valuations are even more arbitrary than GDP
>>534687722>WealthThen you should include natural resources as part of a country's wealth
>>534689292Everything is arbitrary
>>534690831if it was, inflation would not exist.
>>534688868PPP doesn't work for countries.>>534690879It doesn't, what exists is currency devaluation.
>>534687722>rich billionaires wanting beachfront property are willing to pay $$$ for a parcel on Malibu>rich billionaires aren't allowed to purchase land in China, so beachfront property on the mouth of the Yangtze costs $>this somehow means America is wealthier than ChinaYou are a dumber brainlet than goy economists, and that's saying something
>>534687722>Shouldn't we compare based purely on the amount of money possessed—that is, wealth?This is pre adam smith tier retardation
>>534690940Huh someone who actually knows the real word.
>>534687847US stocks make up over 60% of the world stock market capits really stupid and it wont last
>>534687722Do per capita now
>>534687722money isn't wealth you fuckin retard it's a store of wealth but it has no inherent utility. More money doesn't make you more wealthy. If you are a dude and you have a dildo collection(for yourself) worth a trillion dollars you're still a faggot who puts dildos in his ass
>>534693841fiat money is worse than that. it doesnt store anything. it's a devalving currency the moment you are in possession of it.
>>534687722>the amount of money possessed—that is, wealthMoney isn't wealth. Money measures demand, not wealth. Wealth is a collection of use-values.
>>534689101Yet he made the whitest post itt
