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.


![](https://m.stacker.news/122996)



![](https://m.stacker.news/122998)



Solomonsatoshi

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.

econ

Bank of England warning: UK economy faces ZERO GDP growth

spiderman

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.