GDP accounting incorrectly includes war production as 'value' while ignoring massive depreciation, meaning post-1940 'growth' numbers are inflated and don't reflect real wealth creation—the war output depreciated immediately and wasn't wealth.
factualpending
Speaker
Dave CollumEvidence Quote
“the gdp also included the gdp of the war machine and there's a massive depreciation... if you produce something that lasts for 50 years you produce wealth if you produce something in the last 10 minutes you've produced nothing”
Created: 8/11/2026, 1:15:46 AM
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