> On Feb 23, 2025, at 08:32, Charlie via groups.io
> <charles1848=sbcglobal....@groups.io> wrote:
>
> On Sun, Feb 23, 2025 at 10:57 AM, Mark Baugher wrote:
> What about the main point of the article, Charlie, which is that GDP is a
> poor metric and not as useful as surplus-value extraction? Useful for what?
> Definitely useful for waving aside lots of material realities.
Quite the opposite IMHO: GDP seems to be the wrong metric to use when comparing
the US to China. Like the article claimed, surplus value is a more accurate
metric. The US overtook Great Britain in GDP in the 1870s but did not supplant
the British Empire for another 70 years. There was other stuff going on,
Charlie, like the fact that the US was built with British capital.
Mark
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