Cory Doctorow on Nostr: "When measured in terms of purchasing power parity, the reality is very different: ...
"When measured in terms of purchasing power parity, the reality is very different: the productivity gap with Europe disappears entirely."
Once you adjust US economic figures to account for this, it's clear that America truly is in decline - the real US GDP has lagged China's since 2016. China now has an adjusted GDP that 30% higher than America's, and it's on track to double US GDP by 2035.
21/
Published at
2025-02-18 17:42:36Event JSON
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