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In case you wanted to visualize the inefficiency of US military/contractors: Upper image is what the US built in Gaza for $320 million. Lower image is what China built in Guandong for $220 million. (hexbear.net)
submitted 2 years ago* (last edited 2 years ago) by to c/main@hexbear.net
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The United States has such a large GDP because 1/3 of it is the private healthcare industry. Another massive chunk is the government throwing tax dollars at a shell company of a shell company of a shell company that moves a government contract for construction around to each other 4 times, all subsequently increasing GDP.

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[–] 81 points 2 years ago (1 child)

The US economy is just a collection of banks and insurance companies in a trench coat.

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  • [–] [S] 56 points 2 years ago (2 children)

    And they are loaning each other $1000000000 over and over again (with interest)

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  • [–] 60 points 2 years ago (1 child)

    And yet Yanks will mock China for struggling to build a 3nm chip while their own country struggles to build a pier. As if one isn't cutting edge high tech and the other isn't maritime technology that's been "solved" for two hundred years.

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  • [–] [S] 59 points 2 years ago (4 children)

    The argument I’ve seen Americans using is “well only the US would try/ could build a pier in a war zone halfway across the world” which is entirely untrue.

    First, almost every country at war does this.

    Second, China regularly builds piers all over the world at a fraction of the cost and multiple times the capacity of this one.

    Third, the US didn’t really build a pier at all if it is unusable and breaking after just a week.

    But that’s the point anyway. It never had to work. The US just had to pretend to be doing something.

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  • [–] 11 points 2 years ago

    Two economists are walking in the park. The first economist sees a pile of dog shit and says to the other, "I'll pay you $50 to eat that dog shit." So he does and gets paid $50. Later on, the second economist sees a pile of dog shit and says to the first, "I'll pay you $50 to eat that pile of dog shit." So he does and gets paid $50.

    The first economist says, "I can't help but feel we just ate dog shit for nothing." "Nonsense," says the second economist, "We just contributed $100 to the economy."

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