xenon13 wrote:
China made a lot of progress under Mao. This idea that there was none during that time is a myth.
In finance there is this concept of "return on invested capital", "return on equity", "return on assets" and so on. It has many names but at it's core its a measure of how effectively a company uses the assets at its disposal to generate wealth. In the case people claiming Mao and Stalin made great leaps for their respective countries, one would have to make calculations akin to:
(GDP after plan - GDP before plan)/GDP before plan/number of years.
To calculate growth per year. This could then be compared with another country to see how the growth measured up.
Then one would have to calculate the costs to generate that growth in terms of human capital, and regular capital so that one could compare the costs to the return and compare them to other countries.
Furthermore, a sustainability calculation would be required in addition to possibly figuring out alternate plans to see if more growth could have been generated with a different approach.