Quote:
Originally Posted by woj
PPP isn't accurate at all when comparing global economic power, influence, etc...
for example in the adult industry... imagine there is one guy making $1000/day.... another guy making $100/day...
which one is the "whale"?
Is it relevant at all that $1000/day guy lives in London and as a result can only afford mid-level standard of living? While the $100/day guy lives in India and lives like a king?
obviously, $1000/day guy is the "whale" and he is the one that everyone treats with respect, wants to do business with, etc... while the $100/day guy doesn't matter, even though he may have higher standard of living...
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Putin: Russia respects U.S. as world's "only superpower" - CBS News
I agree with it.
Quote:
Originally Posted by mineistaken
In terms of biggest economies in the world PPP is not the more suitable option.
Oops, woj just answered before me.
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I think about my own standard of living at first.
and I think that the economy must generate standard of living but not "respect"