It's likely real, it's just that most of the "value" is just some rock that someone traded for 10 sticks and someone else is offering 20 sticks for it because they heard another person say that it will be worth 50 sticks in a couple of years.
Soo.. not real. We know there's heavy manipulation of GDP and unemployment numbers, it's been part of the neoliberal playbook for more than 3 decades. 1 example that comes to mind is how house loans are also calculated as paying rent so that this will show up as financial activity further inflating GDP.
Yes, but "real" as in, based on actual, verifiable data. It's just that it's all interpreted through capitalist ideology, such the example I gave is "creating value."
It's likely real, it's just that most of the "value" is just some rock that someone traded for 10 sticks and someone else is offering 20 sticks for it because they heard another person say that it will be worth 50 sticks in a couple of years.
Soo.. not real. We know there's heavy manipulation of GDP and unemployment numbers, it's been part of the neoliberal playbook for more than 3 decades. 1 example that comes to mind is how house loans are also calculated as paying rent so that this will show up as financial activity further inflating GDP.
Edit: 3 decades not 30 :D
Yes, but "real" as in, based on actual, verifiable data. It's just that it's all interpreted through capitalist ideology, such the example I gave is "creating value."
"It's not a lie... if you believe it."