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RE: Strongest Economies in the world

in #money7 years ago

GDP in total sounds like everyone got richer, but this is NOT the case. New created value in Western countries stays with the Top 5%.

On paper germany is a rich country but we have a lot of baggers plus alot of intellectual poverty. Not forgetting the public debt of about 85% of GDP. Everyone can be rich, if he can borrow an invinit amount of money, like some states do.

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I understand you but I try to focus as much as possible on the data "on paper" hehe, I would factor in the other metrics you have mentioned like public debt and gdp per capita , would see what changes.

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