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I don’t think it’s cooking the books to include economic output from the service sector in GDP. If you did this in the US you’d have a very different growth story as well
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15% of the french gdp comes from rent, which basically did +30% over the last 10 years, that alone is ~0.4% of annual growth according to the official numbers... 1/3rd of the "growth" is rental inflation...

What value was added here? None, gdp is meaningless in post industrial countries, it wasn't designed to measure anything other than industrial outputs.


Most GDP numbers look at real growth, not nominal, which would filter out the 30% number you’re talking about. Under those numbers about 1/10 of the growth is rent, not 1/3

But if your core take is “GDP is meaningless in post industrial countries”, then you’re at a level of crank not worth engaging with




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