this post was submitted on 03 Sep 2025
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A lot of people on here talk about how GDP isn't a good statistic for measuring economic output. And I don't disagree, but it does make me wonder why I've never seen a different form of statistics developed by a socialist country. If there is a better way to measure economic output in terms of socially necessary labor or such then I would think that some economist or ministry would make one after 100 years of existing socialism around the world in some for or another

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[–] Saymaz@lemmygrad.ml 7 points 3 weeks ago* (last edited 3 weeks ago)
  1. The soviets did.
  2. The sino-soviet split happened.
  3. The current Chinese economic system is mixed freemarket-planned economy. So they still use the GDP.