tag:blogger.com,1999:blog-19962237.post6689961632791720945..comments2024-03-04T16:39:30.609+13:00Comments on Lindsay Mitchell: Grant Robertson's baseless claimsLindsay Mitchellhttp://www.blogger.com/profile/04437693272797130833noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-19962237.post-9001924510066595192016-03-31T01:55:14.168+13:002016-03-31T01:55:14.168+13:00GDP in socialist countries is totally unreliable a...GDP in socialist countries is totally unreliable as a measure of growth. <br /><br />The NZ govt spends $100 billion annually & this adds considerable to GDP measures.<br /><br />How much of this is spent effectively? Very little I would guess, however GDP does not actually measure effectiveness of such spending, merely its value.<br /><br />A somewhat better value is GDP per capita based on Purchasing power parity (PPP). What you can actually do with the dollars.<br /><br />This gives a better measure of the value of the GDP when expressed relative to other countries. At present NZ sits at 29 on a list of 30.<br /><br />You can <a href="http://knoema.com/sijweyg/gdp-per-capita-ranking-2015-data-and-charts" rel="nofollow">see a chart here.</a><br /><br />Or if the HTML doesn't work, here. http://knoema.com/sijweyg/gdp-per-capita-ranking-2015-data-and-chartsRedbaiterhttp://truebluenz.com/noreply@blogger.comtag:blogger.com,1999:blog-19962237.post-54064100774029264332016-03-30T13:33:40.228+13:002016-03-30T13:33:40.228+13:00Not withstanding the numbers my gut feeling is tha...Not withstanding the numbers my gut feeling is that we are getting poorer because we are becoming a low(er) wage economy and openly importing cheap labour. With the supposed resistance to actually paying for anything and increasing competition that may just be the way things are heading in the wealthy west but it would be nice to see someone actually admit it rather than pretend we are doing swimmingly.<br /><br />Big govt and socialism are not going to be the answer but it seems we are hell bent on proving it.<br /><br />3:16Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19962237.post-84689199645900068092016-03-30T07:39:34.537+13:002016-03-30T07:39:34.537+13:00Lindsay, there can be no question Grant is right: ...Lindsay, there can be no question Grant is right: NZ's growth is far short of where it should be, and even where it needs to be. <br />The current anti-grown, anti-competition, anti-capitalist government and their policies are directly responsible for this.<br /><br />What is unforgivable is that Labour's policies will only make things so much worse.<br /><br />We must treat communists with the same distain we treat flat-earthers or anti-vaxxers. Anonymousnoreply@blogger.com