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Re:Why America's economy is soaring ahead of its rivals by dragonelite on Wednesday December 04, 2024 @06:02PM (#42323011)
gdp is really bad, countries don't even use the same counting methods. I think in the Netherlands they started using criminal activity to pad up gdp growth. Also money printing and inflation is a good way to up gdp.

I like energy production and consumption a lot more, modern economies pretty much come down to using energy to either transfer or modify goods, services or data.

Re:Why America's economy is soaring ahead of its rivals by roenxi on Wednesday December 04, 2024 @08:47PM (#42323991)
This is actually my preferred measure too. I was happy to use GDP PPP figures because they tell a similar story to the energy statistics on ourworldindata.org. Asia miles ahead, China the most dominant, then the US and then EU. India looking to overtake the EU fairly rapidly if they follow China's footsteps.

Of course the per-capita numbers favour the US still. But by absolute figures, the crown goes to Asia. And per capita the Europeans can realistically be said to be behind China for policy making purposes, the trends are clear.

Re:Why America's economy is soaring ahead of its rivals by chii on Thursday December 05, 2024 @12:24AM (#42325222)
> energy production and consumption a lot more

which is all well and good, except when you have increases in efficiencies in energy consumption, which would show up as a drop.

Re:Why America's economy is soaring ahead of its rivals by skzv on Thursday December 05, 2024 @01:28AM (#42325535)
Increasing efficiency often causes an increase in consumption, not less [0]

[0] https://en.wikipedia.org/wiki/Jevons_paradox

Re:Why America's economy is soaring ahead of its rivals by automatic6131 on Thursday December 05, 2024 @05:03AM (#42326643)
Except for when it doesn't. E.g. lightbulbs are now 20x more efficient than in my childhoos. But I certainly don't use >20x more light(bulbs). In fact, I'm quite sure it's 1x.
Re:Why America's economy is soaring ahead of its rivals by datadrivenangel on Thursday December 05, 2024 @01:02PM (#42330658)
You probably have LEDs in everything though.