☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to GenZedong@lemmygrad.mlEnglish · 22 days agoName one successful communist nation!media.mas.tovideomessage-square10fedilinkarrow-up141arrow-down10file-textcross-posted to: socialism@lemmy.ml
arrow-up141arrow-down1videoName one successful communist nation!media.mas.to☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to GenZedong@lemmygrad.mlEnglish · 22 days agomessage-square10fedilinkfile-textcross-posted to: socialism@lemmy.ml
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minus-squareradiofreeval [she/her]@hexbear.netlinkfedilinkEnglisharrow-up2arrow-down5·22 days agoBy what metric? The US still has a higher GDP than China.
minus-squareCochise@lemmy.eco.brlinkfedilinkarrow-up18·22 days agoNot if you measure purchasing power parity.
minus-squarecfgaussian@lemmygrad.mllinkfedilinkarrow-up8·21 days agoNominal yes, PPP no. Comparing nominal GDP doesn’t mean much because it’s an apples to oranges comparison. It only matters for foreign trade. And China’s economy is actually bigger than official stats suggest: https://lemmygrad.ml/post/4853219
By what metric? The US still has a higher GDP than China.
houses owned by people
Not if you measure purchasing power parity.
Thanks
Coolness
Nominal yes, PPP no. Comparing nominal GDP doesn’t mean much because it’s an apples to oranges comparison. It only matters for foreign trade. And China’s economy is actually bigger than official stats suggest: https://lemmygrad.ml/post/4853219