A Twitter thread

Ok here we go. “Real economy” time.

The Russia Ukraine war and the resulting sanctions has illuminated something very important about the “global economy”

The “on paper” stats showing economic size and prowess are bunk.

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Quote Tweet
Winston Smith ??
@crim_thought
· Jul 18
Replying to @KhalkeionGenos and @latinxputler
Im working on it right now. Here’s a hint. Measure each country’s output by metrics that would make sense to a Soviet central planner or an American industrialist in 1932.

Iron, steel, coal, oil, electricity, wheat etc…I will share results shortly.

Full Twitter thread here:

Some conclusions (his final scores for what he says is real economic production):

(-note the low score of many European countries)