Adjusted for demographics, Japan GDP growth the same as US

[mooncliff]

http://motherjones.com/kevin-drum/20...ot-really-lost

[c1ue]

Re: Adjusted for demographics, Japan GDP growth the same as US

And adjusted for extra government spending, the contest is not nearly so equal.

[touchring]

Re: Adjusted for demographics, Japan GDP growth the same as US

And adjusted for extra government spending, the contest is not nearly so equal.

GDP is one of the greatest tricks governments use to hoodwink citizens.

I take for example, Singapore, the classic textbook example which makes a mockery out of GDP.

According to Wikipedia, in 2010, Singapore has a higher GDP per capita as compared to Japan. But do you know that blue collar workers such as builders, cleaners, janitors and gas station workers in Singapore are paid an average of $2.50 an hour. This is 10-20 times less than in Japan. And mind you, $2.50 an hour is really $2.50 an hour, no medical insurance and daily rated.

http://en.wikipedia.org/wiki/List_of...%29_per_capita

[c1ue]

Re: Adjusted for demographics, Japan GDP growth the same as US

GDP is one of the greatest tricks governments use to hoodwink citizens.

I take for example, Singapore, the classic textbook example which makes a mockery out of GDP.

According to Wikipedia, in 2010, Singapore has a higher GDP per capita as compared to Japan. But do you know that blue collar workers such as builders, cleaners, janitors and gas station workers in Singapore are paid an average of $2.50 an hour. This is 10-20 times less than in Japan. And mind you, $2.50 an hour is really $2.50 an hour, no medical insurance and daily rated.

http://en.wikipedia.org/wiki/List_of...%29_per_capita

That may be true. But it is definitely true that Singapore is home to banksters.

A glance at the world's top per capita nations yields a preponderance of bankster havens.

Singapore is no different.

[touchring]

Re: Adjusted for demographics, Japan GDP growth the same as US

That may be true. But it is definitely true that Singapore is home to banksters.

A glance at the world's top per capita nations yields a preponderance of bankster havens.

Singapore is no different.

Bahrain is also a haven to bankster. Now the banksters are fleeing.

By the way, Bahrain has got quite a good GDP - http://en.wikipedia.org/wiki/List_of...%29_per_capita

In my opinion, any place that has an autocratic rule, can change overnight, just like what happened to Egypt and what will soon happen to Bahrain. It will be sheer folly to bet long term.

Even China, if world food prices tripe from current level, hell will break lose.

Obama said: "World is changing"

http://www.msnbc.msn.com/id/41601310...deastn_africa/