And what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
These are nominal GDP data, and they are highly misleading. For example, if ppp data are used, Russia’s GDP is about 10% larger than Germany’s. Comparing what the two economies actually produce, the ppp data are more reliable.
I don’t have the data for China and the US at hand, but I wouuld not be surprised if China’s is as large in ppp.
The colonizers were eager to seek the wealth that lay in Africa. I can see the ones that went for the coaling stations for the fleet but for the rest? A continent built on diamonds and gold produces almost nothing. It's a staggering graph and I was going to put it up at the fount of knowledge.
And that's why when the US economy catches a cold, the rest of the world catches economic cancer.
ReplyDeleteThese are nominal GDP data, and they are highly misleading. For example, if ppp data are used, Russia’s GDP is about 10% larger than Germany’s. Comparing what the two economies actually produce, the ppp data are more reliable.
ReplyDeleteI don’t have the data for China and the US at hand, but I wouuld not be surprised if China’s is as large in ppp.
Larger according to this https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)
DeleteInteresting that basically, the economy is divided into thirds between the U.S., Europe and the Orient.
ReplyDeleteThe colonizers were eager to seek the wealth that lay in Africa.
ReplyDeleteI can see the ones that went for the coaling stations for the fleet but for the rest?
A continent built on diamonds and gold produces almost nothing.
It's a staggering graph and I was going to put it up at the fount of knowledge.