If we include that factor from GDP by PPP, we can see that on the same 1 dollar in USA you have a 1,72 dollars in China money buying power Index.
PPP is the way of telling a poor person that him eating bread is the equivalent of a rich man eating cake, and nothing more.
How many satoshis can you buy in the US with the average wage? How many satoshis can you buy in Chian with the average wage?
That's what matters, just because you have a 10000mp2 mansion in Jerome Arizona it doesn't mean you're richer than a guy owning a one-bedroom apartment in Manhattan.
Totally agree, And we can compare China and US by a lot of indexies.
- Amount of road surface.
- Amount of highways.
- Length of railways.
- Amount of road surface.
- Amount of highways.
- Length of railways.
So I guess, the Netherlands, although being the 11th in GDP per capita (real, not that lame PPP) will never be able to match Congo by those metrics.
How about we compare China and the US by the only one thing that matters to their population?
How many Chinese have fled China for the US and EU and how many Americans and Europeans have done the opposite?
That is true they have that problem with a lot of people (mostly in a countrysides), that living very poor. That`s why Chinese goverment create a lot of programs of "elimination of poverty" like "Zero poverty" promgram.
How did that last program, the "Great Leap Forward' end? Haven't seen any Chinese official coming with a statement on the results!