Well, that is what a welfare populist utopia of NHS and freebies for illegal immigrants does to you. But I am sure they will manipulate the interest rate and monetary policy to correct the situation 🤣 And to think those same Brits cannot stop bashing Americans for electing Trump
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Once I realized what a circus GDP projections is, I stopped caring for it.
I mean, including government spending in GDP in itself already is quite regarded. Then we measure it in nominal terms, so they get a second swipe at producing a number that would look favorable, as long as they manage to inflate their way to some positive percentage.
Add to that how bad we humans generally are at predicting what a final number is (and until recently no one caring about revisions either), and we're looking at mostly made-up numbers measured with a mostly made-up yard stick.
Once a birthplace of industrialisation and a global empire Britain today cannot even build a modern nuclear power plant without Chinese sub-contractors.
USA can still build one, but very slowly and at extraordinary cost.
China is building dozens at 1/6th the cost.
Engineering excellence is a fundamental basis of empire and Britain lost it, and now USA is too.
The CCP poliburo is composed mostly of engineers.
It's a lot easier to make fun of America than explaining to "your" people why Americans are so much richer than them.
Pride comes before a fall as they say.
Every empire has struggled to accept its decline.
Exceptional privilege is slipping away from USA too now.
USA cannot fight a war of any scale now that China controls the supply of rare earths.
You cannot refute it so you pretend its not happening.
S i l e n c e . . .