Why American economy is so small?
USA #1? More like #3...
I'm gonna assume this is PPP, in which case it's logical that the US is not first.
>>52944609
historians use PPP to refer to US taking the #1 spot, overtaking Britain 100 years ago
it's historic that China surpassed the US, they are not #1 since 100 years
and wait 5-10 more years, it will be the same nominally too : ^ )
>>52944711
It was only a matter of time before China overtook the USA, they have like four times the population.
Both PPP and nominal GDP are fundamentally flawed metrics (for different reasons) and it does not really mean a lot that the USA is not number one, because they still dominate the world economically and politically.
>>52944502
European Union is down to 16T now because of Greek crisis and Mario Draghi devlaued the euro by 15%
>>52944919
>and it does not really mean a lot that the USA is not number one, because they still dominate the world economically and politically.
Because you said so? USA is CLEARLY less relevant every year.
>>52944502
>canada number 15
hold me lads
>>52944502
Because PPP is not a real thing in a global economy.
>>52944502
>PPP
>>52946011
poland...please
>>52946011
>USA is CLEARLY less relevant every year
USA is perhaps becoming less relevant because other countries are developing, but still, they're BY FAR the most powerful country on earth. No country comes even close.
The fact that the US has larger GDP nominally than China, and almost as large of a PPP as China/the EU is simply embarrassing to China/EU.
>>52946106
US is less relevant every year
eu and china has more people
based on equality we should always be heading down
>>52946162
no...
>>52946212
>fighting in a hellish desert and having your young man blow to bits makes you relevant
>>52946145
>No country comes even close.
China does.
>>52946106
Poland-China best partners.
tfw brexit will crash top eu ranking with no survivors
>>52946371
China isn't nearly as influental you retarded koreaboo
>>52946371
;_;
>>52946212
i dont fucking care you are posting some meme american flags and poles, who fucking cares
since atleast 5 years there is a lot of discussion in medias that US and Atlantic World is not dominant anymore, everyone knows that, except for blind USA #1 USA #1 USA #1 retards
it's funny how much it triggers you, that we do not agree to suck your dick anymore
>>52946406
>me
>koreaboo
fuck off shitter
China is "nearly as influential" right now and it's getting more and more influential every year, quite the opposite of the US
>>52946465
>>52946551
well, then sorry, but you post like that retarded polish koreaboo "hurr china #1 asia so good ^_________^^^^^^^^^^^^"
China doesn't come close now and it won't for a long time
>>52946805
>he dares to deny relevance of our great Atlantic World
>he must be retarded idiot
>>52946936
You being so butthurt about the USA makes you a retarded idiot, that's all.
It'll take China at least another 15 to 20 years to reach the USA's level of influence.
>>52945977
This is not a nominal measurement.
Copy pasta time
Okay guys here's the simple nominal versus PPP answer to settle the perrenial debate.
Nominal:
Lots of fluctuations
Exchange rates are generally not free floating
Doesn't measure living standards well
Accurate for trade measurement and financial services
PPP:
Measures living standards well
Less volatile
Inaccurate for trade and financial services
Overestimates some countries economic power (power being ability to utilize the economy to make other countries do what you want)
The best measurement:
An IMF based measurement of the nominal GDP value in terms of the six SDR currencies averaged over 5 years. This averages the best traits of both PPP and nominal.
North american union when?
>>52947138
When Mexico stops being corrupt and shitty so it can focus on its cheap manufacturing and energy
>amerithirds
>ameriturds
>>52947214
This
>>52947138
This pic is funny as hell, there is nothing in Mexico map
>>52944502
>PPP
>The EU
>it takes multiple countries to edge out America
CANNOT MAKE THIS SHIT UP
>PPP
>>52947138
I wish, my brown brother from another colonialist mother, but this >>52947214
and Canada would have to reject the British Crown.
>>52946071
>some people unironically had sex with those women.
>>52948577
*100 people
>>52944502
>"Ugh, our countries to the EU aren't like US states to the US, we're highly independent countries that do everything on our own! It's nothing more than a free trade agreement."
>"HAHA SUCK IT AMERICANS WE HAVE A HIGHER GDP THAN YOU SEE IT SAYS EU RIGHT AT THE TOP"
>>52946212
why is the american flag on those uniforms backwards and black and white?
>>52944502
>European Union
>Its own country
>>52946551
China will take atleast 30 more years to be as powerful politically as the United States. This is if it does not implode. The fact that you keep on sucking Chinese dick after seeing a mere ranking table (that too using Purchasing Power as a parameter) shows how much of a retard you really are.
Fuckin Polish. They should be nuked alongwith China.
>>52948082
>China
>multiple countries
>>52950136
This is asked way too often
It's because when they are moving, they want to be seen as moving forward instead of retreating. So the flag is reversed from how it is normally.
Essentially a stupid "hurdur we don't go backwards" meme.
>>52950716
You seem rather buttravaged.
>>52950716
>poo in the loo mad they are not even half as succesful as glorious Chinese
>>52951466
>"glorious chinese"
Top kek
I bet you are one of the Wehrmacht's rape children
>>52951466
I highly suspect you want Communism back in Poland.
Also, I am pretty sure you are a cuck
>>52951251
Not buttravaged, but I know that the Chinese govt. is more about projecting an image. They show the world what they want them to see. Also, to say that China is 'successful', you need to be a huge retard. A government that plans to implement rating points for its citizen, based on how compliant they are, cannot be even called remotely successful.
>>52951466
Enjoy your taxes while the ching chongs bangs your wife, their pee-pee being still bigger than yours.
Fuck Poland desu. Scum of the earth
>PPP
>>52951466
Beta af Polish posting here while their already irrelevant country is dying. The day your country collapses will surely be a day of happiness. Lets see how much the chings chongs support you then.
You must like Porskitan too, am I right?
>>52944502
What is America's per Capita GDP?
~53,000 USD
What is China's?
~6,000 USD
Some living standard there china.
>>52951735
>>52951812
>>52951965
>>52952084
Wow lads
>>52952269
This
I for one welcome our new gook overlords
Can we really trust the Chinese-reported numbers?
>>52951466
China isn't anything more than the world's factory. That's it.
>>52952279
Sunny D!
>>52944711
> historians use PPP
No, they don't.
PPP is useful for per capita, Nominal is useful for an entire country. Period. End of story.
>>52951905
Sorry bro, but you seem absolutely butthurt.
Governments do stupid shit pretty often. Ratinf systems may seem like that to you, but to a lot of Chinese, it's absolutely required to counteract the lying, cheating, and corruption in Chinese society.
The government is taking a great idea (rating people/suppliers/businesses on their trustworthiness) and making it serve a propaganda purpose. I dislike it, but one distasteful goverent policy does not cause "success" or "failure."
China is a lot more than the CCP.
>>52952060
Because nominal is so much better? Your economy is worth 20% less in dollar terms this year than it was worth in 2014. Does that mean anything in real terms though?
PPP, though flawed, is at least a stable measurement that is not controlled by central banks.
Lookie here if you want to know what I think is a good measurement
>>52947137
>>52952269
6000 USD should be like 43.000 RMB.
A BigMac meal in Beijing costs 28 Yuan, which is 4,30 USD. In New York it is 8 dollars, while in Germany it is about 7€ (7,62 USD).
https://www.expatistan.com/price/big-mac/beijing
https://www.expatistan.com/price/big-mac/new-york-city
This gives you a breddy gud living standard in China. Especially since Chinese wages are always after taxes.
Please note that the Chinese are mostly home owners and barely rent their flats, and have a very high savings rate. So, literally everything they earn is basically disposable income.
>>52954711
No. They really do.
Until the 1970's currencies were either not allowed to be traded outside their country (bank/governments would not honor it) or were actively controlled by central banks (Bretton Woods/Gold peg).
>>52946371
>China comes close
They can't even make an island 81 miles from their shore that most countries technically say is theirs. They can barely get away with putting sand in the middle of an ocean just to get unclaimed oil.
>>52955324
81 miles = 130 km for countries who didn't put a man on the moon
>>52955153
And this leads to a pretty strong consumption boom in China atm, though it wont be able to act as the engine of the world economy, like how their manufacturing and resource demand did for decades:
http://www.economist.com/news/finance-and-economics/21667927-chinas-consumption-boom-not-enough-succour-world-economy-doughty-not
As someone who has worked in China for several years in different cities, one has to abandon the old notion of "poor chinks". The urban dwellers there are anything but poor! I havent seen so many Bentleys and Mercedes S-classes in any other country in the world. And even their middle classes are all living in a flat that is at least 100sqm large - as home-owners. Something our workers have to labour and save a good chunk of their lives for, is basically the marriage-gift for every 20-something middle-class urbanite in China these days.
And their tourists that are flooding the West and buying our luxury-stores (and milkpowder) empty. Horrible.
No, Chinks are nouveau rich, if anything.
Sure, there are the lower-classes and really poor fucks in the countryside and the worse-off areas of every city, but even then, they arent exactly starving to death, but living a pretty acceptable prole life with hard work, cheap booze and greasy food.
>>52955324
The train from Chongqing already runs directly to Duisburg in 16 days, m8.
>>52951812
I want prosperity in Poland, it's not something India can offer. : ^ )
Also
>>52951735
>>52951812
>>52951905
>>52951965
>all this DESIGNATED butthurt
CHINA NUMBA ONE
>>52955324
Well in my American view they are:
Unable because we protect Taiwan. The PRC isn't going to start a major war over Taiwan when a superior enemy is against them.
And they are getting away with making 7 island bases in the SCS. "Barely" is a weird word to use when all that happens is some strongly worded diplomatic letters and one FoN patrol.
>>52955543
You're the Sinologist right?
>>52954963
>>52955175
>>52954711
Wow.
First time I see rational and educated American here.
>>52951735
>>52951812
>>52951905
>>52951965
>>52952084
>>52952603
Is this Indian Naval Commander shilling again?
>>52957063
Numba two!
>>52957118
>Unable because we protect Taiwan. The PRC isn't going to start a major war over Taiwan when a superior enemy is against them.
You know that militarily speaking it's impossible to defend Taiwan and probably South Korea too? And that's why(among the other reasons) Taiwan is looking for some deal with PRC(historic meeting of presidents of ROC and PRC).
>>52957189
>Numba two!
t. numba three
>>52944502
America is the one that should pay back it's denbt to China
>>52955153
>>52955543
you are still fucking poorer than us or all first world countries in gdp per capita
>>52944502
>Why American economy is so small?
for you
>Int$
So monopoly money?
>>52957715
Again, GDP is pretty much meaningless for the everyday life of a ordinary person. His puchasing power is what is important to him, and which is the most objective definition of being "well off".
GDP is only interesting on a national scale, as in productivity of a single person contributing to the economy as a whole. Do you think your hard work as a 4chan shitposter has created surplus value and contributed to the wealth of your nation?
>>52955153
>6000 USD should be like 43.000 RMB.A BigMac meal in Beijing costs 28 Yuan, which is 4,30 USD. In New York it is 8 dollars, while in Germany it is about 7€ (7,62 USD).https://www.expatistan.com/price/big-mac/beijinghttps://www.expatistan.com/price/big-mac/new-york-cityThis gives you a breddy gud living standard in China. Especially since Chinese wages are always after taxes.Please note that the Chinese are mostly home owners and barely rent their flats, and have a very high savings rate. So, literally everything they earn is basically disposable income.
and there is no privately owned houses in china it's a rental from chinese communist government
>Thread starts as bait
>Turns into comfy well-behaved economics chat
>>52957651
Actually we literally profit off of being in debt because of the strength of the US dollar
>>52957905
Yeah, you rent your house for 70 years from the state. In reality, this translates into property ownership by large.
Noone knows what happens after 70 years, as the PRC is just 66 years old. But it is implied that the rent is getting extended automatically, barring national emergencies.
If the state wants to take your stuff, they will do it anyway, no matter what the law says anyway. But so far, the majority of appropriations (especially in rural area) are settled with compensations and a new house somewhere in the city. So most people accept, except those who are most obviously ripped off by corrupt local officials.
>>52957321
Maybe in total war but the Chinese leaders are not nefarious evil pricks desiring world domination.
They much rather pull Taiwan and South Korea towards China through economic ties. We can't defend them that way.
Remember that China hasn't gone to war since 1979. They are a rather peaceful nation, since they were so scarred by the wars of the past. That's why we continue to honor our treaty with Taiwan. Because it keeps the peace for minimal loss to both sides.
Would china collapse into smaller, more ethnically homogeneous nations if it weren't for the level of control exerted by the party?
t. Not an expert on china
>>52958340
Aren't they going to be annexing Hong Kong this decade?
>>52957905
>the shitposting begins anew
>>52958079
>I'm economically illiterate
>>52957955
You're welcome. Most decent Econ discussions on /int/ have a ultra-patriotic Brit, the Sinologist Kraut, and me talking about developments.
Don't take your economics from /int/ though. Stick to TE or FT or maybe even Bloomberg. People on /int/ shill a lot.
>>52958346
China is mostly ethnic homogenous.
Chinese people arent so much dividing themselves along ethnic, but linguistic lines. If China balkanizes, it would probably disband into two main Han-nations - the Mandarin speakers and their allies vs. the Cantonese speakers and their allies, who will probably start genociding the mandarin speakers. The other dialects arent really so super-anal about linguistic purity as the batshit insane cantonese.
Tibetans/Uighurs are far too few in number to overwhelm the Han majorities in their provinces to establish their own state, and even if the Hui-muslims try to errect their own Caliphate, it will be a very Chinese or Pro-Chinese one that will begin with a grand slaughter of their hated enemies, the Uighurs - just like in good old KMT times.
>>52958500
Please explain to me how debt is a problem as long as we have the reserve currency
>>52958346
No. Most Chinese are people who at least desire stability in China. The Han (mainstream ethnic group) are the vast majority everywhere and even the restive ethnic minority regions have become docile because of Han immigration and economic development.
It's as likely as Hispanics demanding the Southwest join Mexico, or Texas declaring independence.
>>52958388
They kind of did when the British handed it over per the original 1845 treaty.
The only change is that by 2017, Hong Kong is supposed to democratically elect a ruling party. Well, the CCP has the ability per the 1997 handover to nominate the majority of the candidates that will run in HK. That effectively means HK will elect pro-PRC candidates to office in 2017.
Despite popular Western opinion, the majority of Hong Kongers are okay with being part of the PRC. They just don't want their money and free market to get fucked with.
>>52958606
Well generally higher debt levels (above 100%) lead to either higher interest rates on government debt, higher interest rates on private debt, or the ineffectiveness of fiscal policy (because of exchange rate changes).
Being a reserve currency is great. But it doesn't mean you can have your cake and eat it. More and more debt wouldn't necessarily lead to Brazil tier interest rates, but it would lead to a crowding out effect in the financial markets for debt.... Effectively hurting productivity growth and investment for the private sector.
Look at Japan for an analogous example of what too much debt does.
Finally, if the profit you are referring to is the Fed making money on interest rates, well that's effectively profit being taken from our private banks. So it's no absolute gain or loss.
>>52944502
why is the EU so poor?
>>52959019
>So it's no absolute gain or loss
No loss is a good thing in my mind
>>52959152
They have a habit of destroying themselves in petty conflict and instituting backwards policies
>>52957177
We're pretty bad in everything but History and Economics sadly.
It's probably because they're the only two interesting subjects in our not so great education system.
>>52944502
Here is the not bullshit one
>this thread
>>52958346
No, last time China was divided was before Mongol Conquests. The worst case scenario is >>52958526
>If China balkanizes, it would probably disband into two main Han-nations - the Mandarin speakers and their allies vs. the Cantonese speakers and their allies
And some other bad scenario would be just Tibet and Xinjiang somehow gaining independence - and that's extremely unlikely too.
China is culturally and linguistically diverse but it won't break apart, dynasties did a good job in keeping this enormous country together.
1st gen. Chink here, there's a reason why I'm attending college in the US and plan to stay here.
>>52962338
How are you liking it here? Is assimilation fairly easy?
