Liberal Forum

China and Russia create economies where PURCHASING POWER means more then GDP, which is near meaningless.

PURCHASING POWER PARITY.....US is gone backwards for decades as all the $$$ goes to the top.


 

Americans don't want to hear anything that changes their perceptions.

https://www.councilpacificaffairs.org/r ... the-world/

Fuelman » 07 Sep 2023, 1:04 pm » wrote: ↑

07 Sep 2023, 1:04 pm

Americans don't want to hear anything that changes their perceptions.

https://www.councilpacificaffairs.org/r ... the-world/

I read a story a few weeks ago regarding China's after school and weekend 

secondary STEM studies.  Families wait in lines, competition is fierce.

America?  lol.
 

Rush Limbaugh was wrong about American Capitalism.


Much of it is vampiric crony Capitalism that is terrible for societal health and cohesion.

Skans » 07 Sep 2023, 12:57 pm » wrote: ↑

07 Sep 2023, 12:57 pm

While things might seem bad in the U.S., keep this in mind when comparing the US to China

• In the U.S. there are roughly 500,000 homeless people.  In China, the homeless population is over 3,000,000.
• The average residence in US is over 1,500 square feet.  Most residences in China are rarely over 600 square feet.
• Most working Americans have at least one car they own.  The Chinese typically do not own cars.
• Starvation is far more prevalent in China than in the US.
• Even if you take away the ultra rich Americans, Average Americans still have a far better life than the Chinese have in China.

Also, wages in the US have not decreased.  They have actually increased a little more than the (official) rate of inflation.  More likely, wages have only kept pace with inflation.  And, unemployment right now is quite low.

What has not kept pace is housing.  Housing has gotten much more expensive than what it was 30-40 years ago.  An average employed 30 year old would not likely be able to afford a 1,800 sf single-family home in a decent neighborhood on a single income.  Even though interest rates today are still less than they were in the 1990's.

 

• Their population is 1.4 billion people. We have 332 million, so their homeless population will be more. Percentage wise , China's homeless = 0.2%. America's homeless = 0.2%  It's on par with each other. 
• Again, you are using average instead of medium. Average is not a reliable metric. 
• They don't need to own cars. They have a great public transportation system. It saves them money. 
• China shows to have 2.5% starvation rate: China Hunger Statistics 2001-2023 | MacroTrends America has 10.2% USDA ERS - Food Security and Nutrition Assistance
• I don't know, I have never been to China. I do know that we are not as great as what we are led to believe. 

Sumela » 07 Sep 2023, 9:24 am » wrote: ↑

07 Sep 2023, 9:24 am

Nik Stankovic@nikstankovic_
Ah, thank you, somebody did it. I knew this intuitively. While Chinese INCOMES are below American INCOMES, Chinese have much higher NET WORTH than Americans. How? They own apartments at a much higher rate and with a lot more equity than Americans. The MEAN and MEDIAN insight is even more beautiful. This graphic here is pretty much the only thing you need to understand about the difference between the economies of China and United States. But you really need to understand it and you need to have a deep understanding of what it means.
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Carl Zha@CarlZha      Sep 5
Average Chinese household wealthier than their US counterparts IRL.
But IF the US has a wealth distribution like China,
then average Muricans will be much wealthier.

Let that sink in...

 

 

     
 

They did a "quality of life" matrix years ago and the people of the United States are closer to the bottom than to the top. They measured not just income, but access to healthcare, days off from work, education, crime, and a host of others that made sense. (I just can't remember them now). I think our healthcare system and Big Pharma are really tearing us down

Squatchman » 07 Sep 2023, 1:19 pm » wrote: ↑

07 Sep 2023, 1:19 pm

   

I can't say anyone will be surprised that this is the best that your pea brain can come up with. 

Skans » 07 Sep 2023, 10:53 am » wrote: ↑

07 Sep 2023, 10:53 am

Really?  I thought it showed net worth in a "median" graph and a "means" graph.  I didn't see anything in your chart about Elites - but, you are free to walk me thorough your chart and show me the graph and figures that support what you say above there.

......Ummmmmmmmmmmmmmmmm, except your chart says nothing of the sort.  What it does show, however, is the opposite of what you claim - i.e. that Americans are far wealthier than the Chinese.   Not that I would believe your chart if it said otherwise, because we all know that you can't trust any financial reporting or accounting statements pertaining to China, the Chinese people or Chinese companies.  The Chinese people do not understand Accounting and Finance.  This is why the world (educated world) stays away from investing in China.

 
https://youtu.be/MrfMRsFcp7A?si=9jQS3uV3u1ygXrPR

Sumela » 07 Sep 2023, 10:30 am » wrote: ↑

07 Sep 2023, 10:30 am

....and in tents all over big cities creating filthy cities and moral decay.

This is just a nostalgic feeling people in big cities are feeling all over the nation to go back to the old days of native Americans and their tepees. 

https://www.youtube.com/shorts/MeYEY3SZ ... ture=share

Sumela » 07 Sep 2023, 1:04 pm » wrote: ↑

07 Sep 2023, 1:04 pm

China and Russia create economies where PURCHASING POWER means more then GDP, which is near meaningless.

PURCHASING POWER PARITY.....US is gone backwards for decades as all the $$$ goes to the top.

We peaked (and squandered) the 50's after The Big One(s)...

It is common to associate that period with the way it is supposed to be.

In the automotive world, W. Edward Deming brought to light the utter arrogance and stupidity of our manufacturing base.
He advanced methods to improve quality and efficiencies that Americans dismissed.
The Japanese embraced the soundness of his proposed methodologies and killed our auto industry in a couple decades.

Admittedly there were decent reasons for us to drag our feet.
The biggest was our advantage AND our downfall: Our infrastructure was intact and still producing.
Japan rebuilt from a shattered base and capitalized on the opportunity to modernize.

In any event, our big shots made lots of money in the relatively short term.
Short term thinking is the west's Achilles Heel much, or most, of the time..
 

Actually China is in real trouble economically....worse than America. India is doing well but I guess Dickhead isn't "Circle Jerking" for India.



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