Saturday, December 20, 2014

BILL WHITTLE ON CHINA "SURPASSING" THE US ECONOMY.

I wrote "surpassing" because that's only if you adjust for purchasing power in both countries, using the so-called PPP metric (Purchasing Power Parity). In that case, according to the IMF, China will have a PPP-relative GDP of 17.632 Trillion dollars, whereas the US's will be 17.416 trillion. Not adjusted for PPP, there's still a big chasm between the two countries, as all people with a healthy, no-nonsense gut feeling about economy will suspect. But still, the evolution is undeniable...




... as well as unavoidable, since China's economy is becoming more free market, more capitalistic by the day, whereas the US economy is becoming ever more regulatory, more socialistic.

The goon in the WH promised change, and Americans are getting change indeed.


MFBB.



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