Why didn't the soviets, Chinese, etc. Make a new form of statistics to more accurately reflect economic output? (Or if they did, why is it not used more often?) (lemmygrad.ml)

submitted 5 months ago by King_Simp@lemmygrad.ml to c/genzhou@lemmygrad.ml

4 comments fedilink hide all child comments

A lot of people on here talk about how GDP isn't a good statistic for measuring economic output. And I don't disagree, but it does make me wonder why I've never seen a different form of statistics developed by a socialist country. If there is a better way to measure economic output in terms of socially necessary labor or such then I would think that some economist or ministry would make one after 100 years of existing socialism around the world in some for or another

you are viewing a single comment's thread
view the rest of the comments

[-] Saymaz@lemmygrad.ml 7 points 5 months ago* (last edited 5 months ago)

        The soviets did.
The sino-soviet split happened.
The current Chinese economic system is mixed freemarket-planned economy. So they still use the GDP.

this post was submitted on 03 Sep 2025

23 points (96.0% liked)

GenZhou

1031 readers

4 users here now

GenZhou is GenZedong without the shitposts

See this GitHub page for a collection of sources about socialism, imperialism, and other relevant topics.

We have a Matrix homeserver and a Matrix space (shared with GenZedong). See this thread for more information.

Rules:

This community is explicitly pro-AES (China, Cuba, the DPRK, Laos and Vietnam)
No ableism, racism, misogyny, transphobia, etc.
No pro-imperialists, liberals or electoralists
No dogmatism/idealism
For articles behind paywalls, try to include the text in the post
Mark all posts containing NSFW images as NSFW (including things like Nazi imagery)
Shitposts will be removed (please post them to /c/GenZedong or elsewhere instead)

founded 3 years ago

MODERATORS

GrainEater@lemmygrad.ml

ComradePupIvy@lemmygrad.ml