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Old 04-07-2012, 11:42 AM
 
Location: West Coast of Europe
21,268 posts, read 19,252,920 times
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Quote:
Originally Posted by shorebaby View Post
Geez, it's about time. They have a population 4 or 5 times ours. They have virtually no infrastructure in their vast country. There are many areas one would describe as third world. It is unbelievable it has taken this long. Although they really don't have a larger economy that us yet, someday they will and it will mean exactly nothing.
Funny, in the past loud-mouthed Americans kept bragging they got the biggest economy, the biggest this and that. But when that changes one day, it all of a sudden doesn't mean anything anymore
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Old 04-07-2012, 11:46 AM
 
Location: Los Angeles
14,379 posts, read 7,943,313 times
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Quote:
Originally Posted by other99 View Post
By some measures, the Chinese economy has already overtaken the United States' economy, writes Dean Baker.

The United States as #2 - Opinion - Al Jazeera English

This article suggests that maybe China is the world number one economy today.
They also have 1.2B people. For their economy to be "just ahead of ours" means thay have 70% higher poverty level as well. Even our levels of poverty would be a welcome increase for most Chinese. Our poor have televisions, air conditioning and flushing toilets, while theirs eay grass soup and are used as forced labor.

Quote:
Originally Posted by Neuling View Post
Funny, in the past loud-mouthed Americans kept bragging they got the biggest economy, the biggest this and that. But when that changes one day, it all of a sudden doesn't mean anything anymore
Most of us couldn't give a sh^% who is biggest and never did. One thing (most do realize) is that our country is currently being dragged into a euro style governing process and that has far more implications than not having the biggest economy.
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Old 04-07-2012, 11:53 AM
 
Location: West Coast of Europe
21,268 posts, read 19,252,920 times
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I stumbled upon an interesting diagram yesterday, it shows the global share in patents, which is a good indicator of the high-profile development of a country. The Asians are doing pretty good, while the West is losing ground.
http://www.cbc.ca/dragonsden/assets_...434-161802.jpg
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Old 04-07-2012, 11:59 AM
 
Location: USA
13,266 posts, read 10,373,234 times
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I'm more concerned about the quality of living of a country than purely their GDP. With that said, the Q of L has been decreasing in America for a while now.
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Old 04-07-2012, 12:02 PM
 
Location: Los Angeles
14,379 posts, read 7,943,313 times
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Quote:
Originally Posted by Neuling View Post
I stumbled upon an interesting diagram yesterday, it shows the global share in patents, which is a good indicator of the high-profile development of a country. The Asians are doing pretty good, while the West is losing ground.
http://www.cbc.ca/dragonsden/assets_...434-161802.jpg
Isn't capitalism wonderful!
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Old 04-07-2012, 12:59 PM
 
Location: Boston, MA
11,679 posts, read 8,273,042 times
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Yeah, in twenty years when China is a nation of men, (the inevitable result of a one child policy in a nation that values boys over girls) we'll see how well they do.
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Old 04-07-2012, 01:12 PM
 
Location: Boston, MA
11,679 posts, read 8,273,042 times
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Quote:
Originally Posted by Neuling View Post
I stumbled upon an interesting diagram yesterday, it shows the global share in patents, which is a good indicator of the high-profile development of a country. The Asians are doing pretty good, while the West is losing ground.
http://www.cbc.ca/dragonsden/assets_...434-161802.jpg
Is there a worldwide patent office? How do you compare one nation to another?
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Old 04-07-2012, 03:55 PM
 
Location: Cushing OK
14,547 posts, read 17,498,613 times
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Quote:
Originally Posted by Gtownoe View Post
I'm more concerned about the quality of living of a country than purely their GDP. With that said, the Q of L has been decreasing in America for a while now.
As eventually all things equalize, China and other areas will get a better quality of life and we'll get a lesser one. But since the perception of the quality of life is subjective, we won't notice so much since it will be what we're used to.

It's already true for those who've fallen out of the middle class and yet have grown sufficently used to it that they've made peace with life.

Thing is, governments can choose to influence this, but its a force beyond them and in time it will win.
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Old 04-07-2012, 03:57 PM
 
27,903 posts, read 34,386,023 times
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Quote:
Originally Posted by nightbird47 View Post
As eventually all things equalize, China and other areas will get a better quality of life and we'll get a lesser one. But since the perception of the quality of life is subjective, we won't notice so much since it will be what we're used to.

It's already true for those who've fallen out of the middle class and yet have grown sufficently used to it that they've made peace with life.

Thing is, governments can choose to influence this, but its a force beyond them and in time it will win.
There's plenty government can do. It just involves guns, bombs and poison butter.
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Old 04-07-2012, 04:37 PM
 
8,487 posts, read 5,892,623 times
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China took off a bit there from around 1995 on. MX seems to have bounced around.
https://en.wikipedia.org/wiki/Histor...untries_by_GDP
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