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GDP is a meaningless measure for all but governments and the very elite. How about some metrics on issue that led to Brexit?
by david38 10mo ago
GDP is a meaningless measure for all but governments and the very elite.
How about some metrics on issue that led to Brexit?
- grokys 10mo agoRacism has increased, yes. https://www.bbc.com/news/articles/cp3vg33nje4o https://www.bbc.com/news/articles/cp3vg33nje4o
- kitsune1 10mo ago[dead]
- werds 10mo agoThe metrics for that were pretty much: 2 World Wars and 1 World Cup.
- yongjik 10mo agoI remember someone on HN complaining that there were places selling authentic Polish sausages in London, and somehow it sounded they were deeply unhappy about it. I don't know if average Londoners can still afford authentic Polish sausages, but if they can't, I hope the original commenter is happy now.
- newfriend 10mo agoBut what about the food though!
- Tade0 10mo agoPoland's GDP per capita went from less than 20% that of the UK in 2005 to 38-48% currently depending on source. Those sausages have only become less affordable.
- alkyon 10mo agoIt only makes sense to compare GDP between countries on PPP basis. Otherwise you don't account for currency rate fluctuations and difference in averge price level. IMF figures for 2025: 87% GDP per capita PPP, 50% nominal GDP per capita https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)...
- ikiris 10mo agoThe English are deathly afraid of food with flavor.
- georgeecollins 10mo ago>> GDP is a meaningless measure for all but governments and the very elite. Source? The top three GDP per capita are: Lichtenstein, Luxembourg, Bermuda. The bottom three are: Afghanistan, Yemen, South Sedan. As an average person I would rather live in the top countries of the list than the bottom but that's just anecdote.
- ttoinou 10mo agoTaking maximas and minimas is only saying that the scale of GDP figures is interesting to look at. Like does it have 3 figured or 6 figures ? But that metric is easily done with others measures than GDP. And yeah, if you study GDP its easy to see it’s a giant scam and the economy cannot be put into numbers. Qualities are better than quantities
- mmooss 10mo ago> if you study GDP its easy to see it’s a giant scam and the economy cannot be put into numbers. Qualities are better than quantities You'll need to have some sources for that!
- ttoinou 10mo agoI don’t. It’s people who pretend the economy can be measured that should prove their point (they can’t)
- mmooss 10mo agoGDP has been studied and demonstrated for decades. I wonder if there are any economic metrics that are better studied.
- ttoinou 10mo agoIts an argument from authority. All those people could be wrong about what the economy is about, it does happen that 90% of people are wrong about something, collectively. And every country measures it differently. Even if it was really meaningful, by the simple Cobra effect it would be made meaningless
- tomlockwood 10mo agoIf you have a look at figure 2 here: https://migrationobservatory.ox.ac.uk/resources/briefings/long-term-international-migration-flows-to-and-from-the-uk/ https://migrationobservatory.ox.ac.uk/resources/briefings/lo... You'll see that immigration was at record levels post Brexit.
- Aloisius 10mo agoYes, but a third of Poles emigrated, largely ending Brits' moral panic about Polish plumbers stealing the jobs, social housing and increasing housing prices. Not that it solved the issue of jobs, social housing or housing prices of course.
- tomlockwood 10mo agoSo a largely imaginary "problem" was replaced with an even larger "problem".
- skywhopper 10mo agoWhat issue is that? Propagandistic, lying media spreading misinformation to the public as corrupt politicians, being paid off by malign foreign actors intent on destroying the influence and power of Britain on the world stage? Yes, let’s see some details on that.
- hdgvhicv 10mo agoImmigration massively up, mainly legal, but illegal immigration’s up too. Right have been removed from tens of millions of Brits (some like Farage have kept their European citizenship but most have had it taken away) I’m still waiting for a benefit.