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Opinion: Who Has the World's No. 1 Economy? Not the U.S.

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  • Opinion: Who Has the World's No. 1 Economy? Not the U.S.

    Nothing really new, but there are some salient points worth a look.

    By the most measures, China has passed the U.S. and is pulling away.

    by Noah Smith

    October 18, 2017, 6:30 AM EDT
    https://www.bloomberg.com/view/artic...my-not-the-u-s

  • #2
    Originally posted by MRAPer View Post
    Nothing really new, but there are some salient points worth a look.



    https://www.bloomberg.com/view/artic...my-not-the-u-s
    Yet with a huge debt and clay feets (i.e several economical bubbles)
    Not that the US is doing better
    The question is which bubble will explode first ....

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    • #3
      35 Chinese Cities With Economies as Big as Countries
      https://www.visualcapitalist.com/31-...big-countries/

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      • #4
        So we are number 3 not bad!!!

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        • #5
          But but...zis can't be! Germany stronkest economy of all!

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          • #6
            Let it be documented. You just don't spend enough on frivolous things and prefer not the shining path of debt to shoot your economy into the heavens...stronk explosion or parachute back to earth has not been foretold thus far in the cookies.

            Never the less. Only after choosing this path can you be regarded as truly great by the great celestial observers of the Bloomberg.

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            • #7
              Originally posted by Mordoror View Post

              Yet with a huge debt and clay feets (i.e several economical bubbles)
              Not that the US is doing better
              The question is which bubble will explode first ....
              FACTS: China's debt to GDP ratio is BELOW global average, and is LESS than those of Japan, USA, and Europe while growing faster than these countries.... Yes, China's debt to GDP ratio is larger than India's, but India is ranked BEHIND North Korea on global hunger index (just one of the many examples). http://www.ifpri.org/topic/global-hunger-index

              http://www.thehindu.com/news/nationa...le19846437.ece

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              • #8
                why does this always have to boil down to a ****-measuring contest

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                • #9
                  Originally posted by Fred333 View Post
                  why does this always have to boil down to a ****-measuring contest
                  It is NOT a measuring contest. It is called "putting things in perspective"...

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                  • #10
                    Originally posted by pla View Post

                    FACTS: China's debt to GDP ratio is BELOW global average, and is LESS than those of Japan, USA, and Europe while growing faster than these countries.... Yes, China's debt to GDP ratio is larger than India's, but India is ranked BEHIND North Korea on global hunger index (just one of the many examples). http://www.ifpri.org/topic/global-hunger-index

                    http://www.thehindu.com/news/nationa...le19846437.ece
                    dude what is wrong with you, why you want to put the everytime bad limelight on us? Man, Yeah we lack behind your Glorious Nation but please leave us alone, period!!! yes we are poor we have lotta hungry and utter poverty but that is NOT yr problem, like you give a FUCK about us.

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                    • #11
                      US still the largest economy in the world? Yes? Ok then, nothing to see here, move along.

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                      • #12
                        Originally posted by pla View Post

                        FACTS: China's debt to GDP ratio is BELOW global average, and is LESS than those of Japan, USA, and Europe while growing faster than these countries.... Yes, China's debt to GDP ratio is larger than India's, but India is ranked BEHIND North Korea on global hunger index (just one of the many examples). http://www.ifpri.org/topic/global-hunger-index

                        http://www.thehindu.com/news/nationa...le19846437.ece
                        India much better. Better in computers. China bad in computer = stuck in past. India = make fancy jewelry, China = make cheap knockoff. India have normal alphabet, China weird kanji = India better again. China = lose.

                        No measuring contest. Perspective.

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                        • #13
                          Originally posted by Jonathan View Post
                          India much better. Better in computers. China bad in computer = stuck in past. India = make fancy jewelry, China = make cheap knockoff. India have normal alphabet, China weird kanji = India better again. China = lose.

                          No measuring contest. Perspective.
                          Isn't freedom the most valuable thing, not ending up in some readucationcamp for thinking out laud...
                          But yeah great to achieve that with 2,3 billion people...efficiency at it's best.

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                          • #14
                            Originally posted by thounaojamtom View Post
                            dude what is wrong with you, why you want to put the everytime bad limelight on us? Man, Yeah we lack behind your Glorious Nation but please leave us alone, period!!! yes we are poor we have lotta hungry and utter poverty but that is NOT yr problem, like you give a FUCK about us.
                            I am sorry that you felt offended. I didn't mean to purposely insult you or Indians. It was an example of how low debt to GDP ratio does not necessarily give you a good economy. I simply stated facts. If you don't agree with the facts I referenced, then please point us to another source. I did not slander India.

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                            • #15
                              From a governance perspective, China's achievements are not unimpressive, however it has come at a cost of environmental degradation and is also a tragic case of being too late. Right now global warming means the economic development model China has followed will not be sustainable - or will kill the planet we all live on. Would have been better if good ol' chairman Mao had bit a bullet around 1954, so the country could have embarked on its technocratic authoritarian course 25 years earlier. Also, Taiwan is living proof that sinic culture and political freedoms do go well together.

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