Comment on Flowchart for STEM

• Brosplosion@lemm.ee ⁨1⁩ ⁨month⁩ ago

  Did you know that’s just one possible economic model in the field of economics?

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  • I_CAST_BEAM_OF_BATS_I_CAST_BOLT_OF_BATS@hexbear.net ⁨1⁩ ⁨month⁩ ago

    What are you talking about Keynesian liberals or something? I do like to read Adam Tooze to see him close in on an interesting point only to veer wildly. Foreign Policy in general has some interesting writers if you want to mine the most advanced liberal cope.

    The model of economics I’m describing is the one which has been most heavily promoted by the west, neoliberalism, it has been used to dissolve the social welfare state which was set up to compete with the socialist bloc since defeating its chief rival and counterbalance in the USSR.

    I am aware of plenty of different non-Marxist models of economics and none of them are great because they treat various sectors of production wrong. China and Vietnam have their shit all figured out that’s why finance capital and food aid can’t decimate their agricultural production and then extort them into unfavorable IMF deals.

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    • Brosplosion@lemm.ee ⁨1⁩ ⁨month⁩ ago

      I think you are conflating performance of economic models with the study of economic systems. Economics is literally just the study of a real phenomenon that occurs in the world. It’s a valid study to try and understand why it operates the way it does.

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      • I_CAST_BEAM_OF_BATS_I_CAST_BOLT_OF_BATS@hexbear.net ⁨1⁩ ⁨month⁩ ago

        Most economics degrees expose people to the toxic neoliberalism I’m joking about in the intial reply though. It’s been weaponized against the third world to horrible effect.

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      • Collatz_problem@hexbear.net ⁨1⁩ ⁨month⁩ ago

        Like 90% of economics is completely divorced from real phenomenons.

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    • Socsa@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

      Have you actually been to rural China by any chance?

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• StopJoiningWars@discuss.online ⁨1⁩ ⁨month⁩ ago

  Which is why it’s explained in economic courses beyond your baseless ideas that there are better models to calculate standards of living than GDP. But you’d never know that. Because you know nothing of economics.

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  • I_CAST_BEAM_OF_BATS_I_CAST_BOLT_OF_BATS@hexbear.net ⁨1⁩ ⁨month⁩ ago

    Dude you are not going to get better results by looking at further cherry-picked statistics from first world countries. The standard of living in the first world is collapsing because of finance capital and economics as a science there exists to cope about it.

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• Socsa@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

  It’s almost like that’s one way of measuring economic output and not the only way.

  GDP is meant to drive down variance by being a relatively simple thing to measure, and therefore provide a consistent means of tracking long term trends.

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