Yeah but all of China’s GDP is useless crap like high speed trains and manufacturing. They’ve already fallen hopelessly behind in key areas of GDP like consultant and lawyer fees, rent people who own their houses would have paid (real thing, look up “imputed rent”) and selling jpgs of apes to each other.
Purchasing Power Parity is a fake metric because it doesn’t take into account important economic activities such as advertisement, addiction optimization, financial products with impossible-to-detangle risk profiles, and monetized political outrage. If you properly account for that, you will see that US economic output far exceeds China’s fake economy!
Yeah but all of China’s GDP is useless crap like high speed trains and manufacturing. They’ve already fallen hopelessly behind in key areas of GDP like consultant and lawyer fees, rent people who own their houses would have paid (real thing, look up “imputed rent”) and selling jpgs of apes to each other.
Purchasing Power Parity is a fake metric because it doesn’t take into account important economic activities such as advertisement, addiction optimization, financial products with impossible-to-detangle risk profiles, and monetized political outrage. If you properly account for that, you will see that US economic output far exceeds China’s fake economy!
don’t forget that China’s GDP doesn’t even include buying useless shit off Temu from China, the true marker of a well developed economy
😄