Why GDP is nonsense created to fool suckers.
First: GDP counts financial speculation as part of GDP. For that reason alone it should be completely disregarded as a way of measuring a country's wealth.
Second: GDP does not measure how much capital is circulating within a country. GDP measures how many times the SAME capital circulates within a country.
If a country has 2 trillion dollars of capital and it circulates six times, the country will have 12 trillion gdp. Only imbeciles believe this neoliberal idiocy called GDP. That is why in a country like the US, you have people literally starving, 1/5 of the population is on food stamps. People literally living in their cars.
Second: GDP does not measure how much capital is circulating within a country. GDP measures how many times the SAME capital circulates within a country.
If a country has 2 trillion dollars of capital and it circulates six times, the country will have 12 trillion gdp. Only imbeciles believe this neoliberal idiocy called GDP. That is why in a country like the US, you have people literally starving, 1/5 of the population is on food stamps. People literally living in their cars.
