This chart shows global GDP per capita, adjusted for inflation. Looking at the world economy from this perspective, it is the steadiness of this change that stands out to me. Average incomes per person have risen at a fairly constant pace of roughly 2% per year, interrupted only by the 2008–09 financial crisis and the 2020 pandemic.
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33 sats \ 2 replies \ @Undisciplined 17 Nov
That’s exciting
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47 sats \ 1 reply \ @0xbitcoiner OP 17 Nov
What’s got me confused is this NOTE:
You know what kind of effect this could have on this graph?
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55 sats \ 0 replies \ @Undisciplined 17 Nov
It makes the numbers higher than you might be accustomed to.
The line would be shifted down more the further back the reference year goes because the dollar was worth more then.
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0 sats \ 0 replies \ @Solomonsatoshi 17 Nov
Since 1990 Chinas GDP/capita has increased 1200%.
https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.KD?locations=CN
Over the same time frame US GDP/capita has increased 67%.
https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.KD?locations=US
The mixed economy in China with strong state leadership and investment in strategic economic multipliers like electricity generation, education and energy efficiency is trouncing the crony capitalist neoliberalised financialised west.
On current trends the global dominance, wealth and hegemony of western civilisation will end within the next decade.
USA cannot fight a war of any size without rare earths.
USA cannot even defend itself and its tribute states without rare earths.
USA is dependent upon China for rare earths and a whole fuck of a lot of other strategic supply chains.
The neoliberal Libertarian hype about free markets fixing everything is proven wrong.
Government is a significant factor in the wealth of nations.
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