knb comments on The Importance of Goodhart's Law - Less Wrong

75 Post author: blogospheroid 13 March 2010 08:19AM

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Comment author: taw 13 March 2010 04:58:47PM 6 points [-]

You misread me. GDP is one of those really-hard-to-game high-correlation-with-everything-meaningful metrics, and Soviet Union did ok with other metrics like access to clean water, electricity etc.; life expectancy, child mortality, and pretty much everything else you can think of.

People's claim that Soviet Union was a disaster as if it was a well established fact, while it was not. South America was a disaster. India was a disaster. Indonesia was a disaster. Africa was a disaster. Soviet Union and other Communist countries were fairly average.

What you're saying is basically "Soviet Union was unsuccessful and I base it on my feelings about it and no metrics of any kind".

Comment author: knb 13 March 2010 08:22:06PM *  10 points [-]

The Soviet Union's GDP was approximately half military spending. In other words, at least half of Soviet GDP was an almost complete dead-weight loss to the citizens. GDP is just an aggregation of total spending, if money is spent on pure dross, it still shows up as an improvement in GDP.