comfy@lemmy.ml to GenZedong@lemmygrad.ml · 1 month agoFrom an economic strength perspective, how does the PRC compare to the USSR at its peak?message-squaremessage-square6fedilinkarrow-up124arrow-down10file-text
arrow-up124arrow-down1message-squareFrom an economic strength perspective, how does the PRC compare to the USSR at its peak?comfy@lemmy.ml to GenZedong@lemmygrad.ml · 1 month agomessage-square6fedilinkfile-text
This question is broad, so you’re free to decide which metrics and conditions you consider the most important.
minus-squareStalinIsMaiWaifu@lemmygrad.mllinkfedilinkarrow-up23·1 month agoYes, also capitalist GDPs tend to get inflated by luxury goods (which the SU notoriously under focused and lacked), but I was/am not prepared to go into a deep dive of gdp/gdppc/gdpppp for base industries for the USSR, USA, and China
minus-squaredavel [he/him]@lemmygrad.mllinkfedilinkEnglisharrow-up8·1 month agoNeoliberal GDPs get further inflated by financialization and asset price inflation, things that hinder the real economy. https://michael-hudson.com/2016/08/finance-is-not-the-economy/
Yes, also capitalist GDPs tend to get inflated by luxury goods (which the SU notoriously under focused and lacked), but I was/am not prepared to go into a deep dive of gdp/gdppc/gdpppp for base industries for the USSR, USA, and China
Neoliberal GDPs get further inflated by financialization and asset price inflation, things that hinder the real economy. https://michael-hudson.com/2016/08/finance-is-not-the-economy/