• SamuelRJankis@sh.itjust.worksOP
    link
    fedilink
    English
    arrow-up
    10
    ·
    5 days ago

    Of the charts I particularly found that Conservatives was voting for “Growing the economy” to be pretty humorous. Before the current Trump crap, Canada was clearly at the top of GDP growth among the G7. GDP has long been a general standard definition of “economy”.

    Then places like the Fraser Institute started with this GDP per person thing which didn’t really even make past Conservatives look good it only made the incumbents look bad. If we’re straying from the general economic talks and into inequality or personal well being then the Conservative trickle down policy looks even worse.

    • finitebanjo@lemmy.world
      link
      fedilink
      arrow-up
      8
      ·
      edit-2
      5 days ago

      I personally go by money velocity and natural inflation (as in creation of nonphysical money via debts) as indicators for good or bad economy.

      When people spend money that they actually have, all is well. When people save money: they are afraid. When they spend money that they dont have:they should be.

      Something people all over the world are starting to realize, as a new age of aggression is upon us, is that GDP is just a trade indicator which doesn’t quantify a country’s capability or assets.

    • HonoredMule@lemmy.ca
      link
      fedilink
      English
      arrow-up
      5
      ·
      5 days ago

      It’s wild how many conservatives gleefully and knowingly troll with the same doublespeak their politicians model for them yet never catch it when those politicians talk about rich people’s money “the economy.”