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by The_Colonel
859 days ago
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It's a war economy. Russia builds a lot of tanks, mans a large army, pays a lot to the families of the fallen, it all adds a lot to the GDP. But those tanks are going to burn, they don't add value to the economy, won't be exchanged for foreign goods. If you dig a hole into the ground, you increase the GDP, war destruction is not much different in its value creation. GDP is not a perfect measure of an economy. |
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An often-used example of this is the crash of oil tanker Exxon Valdez, which in terms of GDP is one of the most productive sea voyages of all time.