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RE: Strongest Economies in the world
too short sighted. You have to compare it to gross public debt and average gdp and purchase power.
too short sighted. You have to compare it to gross public debt and average gdp and purchase power.
Awesome!Glad to have the first comment on the post from an expert. Would look into factoring this into the data analysis but in your opinion, do you think adding this data would have a significant sway on the rankings?I mean would it be enough to displace any country from the ranking I applied in the post
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.
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.