{"id":309,"date":"2018-02-04T21:20:42","date_gmt":"2018-02-04T21:20:42","guid":{"rendered":"https:\/\/rescuetheworld.net\/?page_id=309"},"modified":"2019-11-07T20:50:45","modified_gmt":"2019-11-07T20:50:45","slug":"gdp-statistics","status":"publish","type":"page","link":"https:\/\/rescuetheworld.net\/?page_id=309","title":{"rendered":"GDP Statistics"},"content":{"rendered":"<ul>\n<li><a href=\"#gdp\">GDP per Capita<\/a><\/li>\n<li><a href=\"#trade\">Globalization of Trade<\/a><\/li>\n<li><a href=\"#capital\">Capitalism<\/a><\/li>\n<\/ul>\n<p><span style=\"color: #003366;\">The world is driven by economics and trade. A quick look at the dominant economies, and the economies of the most populous countries is given here. It shows how the machinery of global &#8220;wealth&#8221; is measured today. It would be helpful to focus on Bio Capacity data to the same degree, to see where resource wealth resides. What is more important? Greater absolute profits or greater productivity per capita? Concentrated wealth or better living standards? Grim old-fashioned capitalism needs a major face lift. Why focus on GDP growth only, when Sustainability and Bio Capacity are more important?.<br \/>\n<\/span><\/p>\n<p><span style=\"color: #003366;\"><a style=\"color: #003366;\" name=\"gdp\"><\/a><\/span><br \/>\n<span style=\"color: #003366;\"> <strong><span style=\"color: #008080;\">A &#8211; GROSS DOMESTIC PRODUCT per CAPITA<\/span><br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"color: #003366;\">Top 20 countries by GDP are listed here.<\/span><\/p>\n<p><span style=\"color: #003366;\"><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/rescuetheworld.net\/wp-content\/uploads\/2018\/02\/GDP-per-Top-20.jpg\" width=\"335\" height=\"420\" \/><\/span><\/p>\n<table width=\"44\">\n<tbody>\n<tr>\n<td width=\"44\"><span style=\"color: #003366;\">Wikipedia reference:<\/span><br \/>\n<span style=\"color: #003366;\"> &#8220;Report for Selected Country Groups and Subjects&#8221;. World Economic Outlook. International Monetary Fund. October 2016.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"color: #003366;\"><strong>Lowest GDP per Person<\/strong>: Most populous countries with lower end GDP per person are listed next. The potential for political tension may be higher in these countries, due to their size and relative economic weakness, and gaps between rich and poor citizens.<\/span><\/p>\n<p><span style=\"color: #003366;\"><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/rescuetheworld.net\/wp-content\/uploads\/2018\/02\/Hi-Pop-Low-GDP.jpg\" width=\"376\" height=\"427\" \/><\/span><\/p>\n<p><span style=\"color: #003366;\">Populous countries with higher GDP are omitted in the second chart, namely, USA, Japan, Germany, France, UK, Italy, S. Korea, Spain, Argentina, Poland, and Saudi Arabia. These are countries which appear in the first chart.<\/span><\/p>\n<p><span style=\"color: #003366;\">The numbers are a rough\u00a0framework for the distribution of the world&#8217;s money and people. The charts\u00a0fail to show the disparity between rich and poor in\u00a0many of the most populous places, like India, China, Indonesia, Nigeria, Mexico, Brazil, Pakistan,\u00a0&#8230; and others, like the USA, where not all can afford health care.<\/span><br \/>\n<a href=\"#top\">Return to the top<\/a><\/p>\n<p><span style=\"color: #003366;\">A visual version of GDP per Capita:<\/span><img decoding=\"async\" src=\"https:\/\/rescuetheworld.net\/wp-content\/uploads\/2018\/05\/GDP-map.jpg\" \/><\/p>\n<p>Source: <a href=\"https:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_GDP_%28PPP%29_per_capita\" target=\"blank\" rel=\"noopener noreferrer\">Wikipedia GDP per Capita<\/a>.<\/p>\n<p><a name=\"trade\"><\/a><br \/>\n<span style=\"color: #008080;\"> <strong>B &#8211; GLOBALIZATION of TRADE<\/strong><\/span><\/p>\n<p><span style=\"color: #003366;\"><strong>Trade Agreements <\/strong><\/span><\/p>\n<ul>\n<li><span style=\"color: #003366;\">without reciprocity,<\/span><\/li>\n<li><span style=\"color: #003366;\">without labor standards,<\/span><\/li>\n<li><span style=\"color: #003366;\">without environmental regulations<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #003366;\">International trade agreements are baffling. Many of them are without reciprocity. Less expensive goods can enter a rich country without duties, but expensive goods are barred by high tariffs from entering a poorer country. Think China and the USA.<\/span><\/p>\n<p><span style=\"color: #003366;\">Importing inexpensive goods creates great buying opportunites for the people in the rich country, at the expense of underpaid laborers in the poorer country. Replace China with Bangladesh or Indonesia or Brazil, and the equation remains the same. Throw in a lack of environmental and labor standards in the poorer countries and the whole equation becomes even more lopsided.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/rescuetheworld.net\/wp-content\/uploads\/2018\/05\/trade.png\" width=\"343\" height=\"193\" \/><\/p>\n<p><span style=\"color: #008080;\">Source:<\/span> <a href=\"http:\/\/truth-and-beauty.net\/projects\/citi-trade-flows\/\" target=\"blank\" rel=\"noopener noreferrer\">Citibank<\/a> <span style=\"color: #003366;\">mapping of global trade flows. Click through to find larger, easier to read maps, and the Citibank objectives in the study. A visual view of intensive world trade, which has not helped least developed countries. Rather, it depletes resources in poor countries and pays slave wages. How long will the disenfranchised wait before the next round of revolutions?<br \/>\n<\/span><\/p>\n<p><span style=\"color: #003366;\">And why do those poorer countries accept the depletion of their resources and the low wages of their citizens? Well someone is getting RICH. Just not everyone at the same pace. It is reminiscent of the Age of Imperialism.\u00a0Visit\u00a0 <a href=\"http:\/\/chinalaborwatch.org\/home.aspx\" target=\"blank\" rel=\"noopener noreferrer\"><b>China Labor Watch.org<\/b><\/a> for incisive reports on factory conditions in China, and the big US companies who produce products there.<strong> Wages are in the range of $1.56 \/ hour or $12.50 \/day.<\/strong> Overtime is frequent, as are crowded dormitories.<\/span><\/p>\n<p><span style=\"color: #003366;\"><strong>The World has Finite Resources<\/strong><\/span><\/p>\n<p>_______<img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/rescuetheworld.net\/wp-content\/uploads\/2019\/11\/bull-crap.jpg\" width=\"325\" height=\"200\" \/><\/p>\n<p><a href=\"#top\">Return to the top<\/a><\/p>\n<p><a name=\"capital\"><\/a><br \/>\n<span style=\"color: #003366;\"><strong><span style=\"color: #008080;\">C &#8211; CAPITALISM and WAYS TO MODIFY IT<\/span><br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"color: #003366;\">Capitalism is the most popular form of economics. Even in feudalism, with ownership by the aristocracy of land and the service of people, a merchant class arose, and with them, banking. That is, lending with interest rates. Communist regimes like Russia and China have evolved back into forms of capitalism, allowing ownership, bank lending and trade in goods without government intervention at every step. Capitalism is everywhere.<\/span><\/p>\n<p><span style=\"color: #003366;\">Unfortunately, capitalism also tends to concentrate money and power in the hands of a few individuals, whom we can call the 1%. It may be better to say the 0.01%, when looking at the global imbalance of wealth among people. Further, capitalism is inherently short term in its quest for profits. Longer term impacts like sustainability are simply not measures of success in capitalism.<br \/>\n<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/rescuetheworld.net\/wp-content\/uploads\/2018\/10\/nice-try.jpg\" \/><\/p>\n<p><span style=\"color: #008000;\"><strong>Growing Awareness of Problems Among Capitalists<\/strong><\/span><br \/>\n<span style=\"color: #003366;\">Even successful invesment managers are now telling their peers in the financial community that capitalism and sustainability are not aligned.\u00a0 Here is a quote by well-known investor Jeremy Grantham :\u00a0 &#8220;Capitalism does a million things much better than a command economy, <em><strong>except for sustainability<\/strong><\/em>. Corporations simply aren\u2019t paid to give up today\u2019s profits in favor of the longer-term profits. And sustainability gets right to the heart of long-term thinking.\u201d More can be read about his message to his coleagues in this Barron&#8217;s article: <span style=\"color: #008000;\"><a style=\"color: #008000;\" href=\"https:\/\/www.barrons.com\/articles\/how-jeremy-grantham-is-taking-on-climate-change-1529712002\" target=\"blank\" rel=\"noopener noreferrer\">Taking On Climate Change.<\/a><\/span><\/span><\/p>\n<p><span style=\"color: #003366;\">How can the imbalances in wealth and trade be addressed? Through:<\/span><\/p>\n<ul>\n<li><span style=\"color: #003366;\">Ethical Capitalism or Sustainable Capitalism<\/span><\/li>\n<li><span style=\"color: #003366;\">Taxation rates dependent on whether an activity<strong><br \/>\nis, or is not, <\/strong>Sustainable (carbon tax &amp; dividends).<br \/>\n<\/span><\/li>\n<li><span style=\"color: #003366;\">Enforcement of Human Rights across countries<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #800000;\"><strong>END WORLD WAGE SLAVERY<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"color: #003366;\">A World minimum wage of $5 \/ hour,<br \/>\nvs the $1 &#8211; $2 \/ hour common in poorer countries. <\/span><\/li>\n<li><span style=\"color: #003366;\">Legislation to prevent companies from buying products<br \/>\nfrom countries that do not support a fair minimum wage.<\/span><\/li>\n<li><span style=\"color: #003366;\">Boycott goods from countries who pay <strong>wages of $1.50 \/ hour,<\/strong><\/span><br \/>\n<span style=\"color: #003366;\">like China and Bangladesh<\/span><\/li>\n<li><span style=\"color: #003366;\">A living wage adds low percent cost to a luxury product like the clothes and electronics used by the west.<\/span><\/li>\n<li><span style=\"color: #003366;\">Visit the <span style=\"color: #800000;\"><a style=\"color: #800000;\" href=\"\/gdp-statistics\/wage-slavery\" target=\"blank\" rel=\"noopener noreferrer\"><b>Wage Slavery<\/b><\/a><\/span> page for more on this subject,<\/span><br \/>\n<span style=\"color: #003366;\">and links to the organizations fighting it.<\/span><\/li>\n<\/ul>\n<p>___<img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/rescuetheworld.net\/wp-content\/uploads\/2018\/11\/a-living-wage.jpg\" width=\"283\" height=\"175\" \/><\/p>\n<ul>\n<li><span style=\"color: #003366;\">Philanthropy, NGOs, Education for all<\/span><\/li>\n<li><span style=\"color: #003366;\">Actively promoting good causes; advocacy<\/span><\/li>\n<li><span style=\"color: #003366;\">Other ways, still to be found<\/span><\/li>\n<\/ul>\n<p><a href=\"#top\">Return to the top<\/a><br \/>\n<a name=\"economics\"><\/a><br \/>\n<span style=\"color: #003366;\"><strong><span style=\"color: #008080;\">D &#8211; FIAT CURRENCIES and FALSE ECONOMICS<\/span><br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"color: #003366;\">After writing this section, an awesome article was found at David Stockman&#8217;s blog,<\/span> <a href=\"http:\/\/davidstockmanscontracorner.com\/sell-the-rips-the-delusions-of-maga-part-3\/\" target=\"blank\" rel=\"noopener noreferrer\">Contra Corner<\/a>. <span style=\"color: #003366;\">Stockman was in charge of the Reagan-era Budget Office for the US (OMB).<\/span> <span style=\"color: #003366;\">He writes today about the delusions of the Fed, who have been printing money non-stop, and the profligate spending of MAGA (Trump). One theme is that \u201cwealth\u201d has increased much faster than actual incomes, reflecting a financial bubble. All of this is explained much more elegantly in the article referenced. Financial assets outpacing real income growth is seen in data from the US Bureau of Economic Analysis (BEA), which is ironically a branch of the Federal Reserve Board.<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/rescuetheworld.net\/wp-content\/uploads\/2018\/04\/fredgraph.jpg\" \/><\/p>\n<p><span style=\"color: #003366;\">From Stockman, onto my own views: It is hard to think of finance without thinking lies, outright lies and more lies. Why is this view so negative? The financial and banking crisis of 2008 &#8211; 2009 comes to mind. It&#8217;s still hard to believe that no one went to jail for that rip-off of the public purse.\u00a0 More recently there has been a breakout of Bitcoin, a fiat currency with a history of illegal transactions and wild speculation.\u00a0 So forgive the negativity &#8211; it is\u00a0part of the effort\u00a0to put the struggles for balance in world resources into perspective.<\/span><\/p>\n<p><strong><span style=\"color: #008080;\">FIAT CURRECY &#8211; What is This?<\/span><\/strong><br \/>\n<span style=\"color: #003366;\"> It&#8217;s not a type of car. It refers to a currency which has no tangible asset as a foundation. Most countries of the world dropped gold as base for their currencies many decades ago. Now the currencies are just floating around willy nilly, with valuations based on state debts and percieved economic strength. A good sign of this is:<\/span><\/p>\n<p><strong><span style=\"color: #008080;\">QUANTITATIVE EASING &#8211; What is This?<\/span><\/strong><br \/>\n<span style=\"color: #003366;\"> QE II is not a type of ship. It is more like printing money out of thin air, then using one&#8217;s reputation to sell debt inside and outside a country. There was a lot of it post 2008, and it will be paid for &#8230; eventually.<\/span><\/p>\n<p><span style=\"color: #003366;\">Consider the devaluation of Roman coins,\u00a0toward the collapse of the empire, by cutting them with base metals. Consider the hyper-inflation of Germany around World War I and the subsequent depression there. These things do not end well. The Dark Ages and World War II, were at least partly due to a lack of confidence in currency, and scarcity of resources, for people who previously had enough on which to live.<\/span><\/p>\n<p><span style=\"color: #003366;\">The next economic crash (and there will be one) will be a good opportunity to straighten out the rules of world currencies,\u00a0by putting fiat money to rest forever. As can be expected, rich people tend to oppose change, so when many of them become poor and are hurting from a market crash, it would be a good time to restore confidence in currency through a tangible asset base like gold. Wealthy countries actually have a ton of gold, literally. A gold standard would go a long way toward\u00a0creating a sustainable economy, and a sustainable planet. <\/span><\/p>\n<p><span style=\"color: #003366;\">Also, it would be a good idea to prohibit options and derivatives trading. Only the traders get rich, and in doing so, destabilize world financial markets. Prohibit is a synonym for &#8220;make it illegal&#8221; in this context. <\/span><span style=\"color: #003366;\">Remember the Dot Com Bubble?<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/rescuetheworld.net\/wp-content\/uploads\/2018\/04\/Dot-Com-Bubble.jpg\" \/><br \/>\n<a href=\"#top\">Return to the top<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GDP per Capita Globalization of Trade Capitalism The world is driven by economics and trade. A quick look at the dominant economies, and the economies of the most populous countries is given here. It shows how the machinery of global &#8220;wealth&#8221; is measured today. It would be helpful to focus on Bio Capacity data to &hellip; <a href=\"https:\/\/rescuetheworld.net\/?page_id=309\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">GDP Statistics<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":931,"parent":2,"menu_order":8,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"class_list":["post-309","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GDP Statistics - RescueTheWorld.net<\/title>\n<meta name=\"description\" content=\"how much money countries make\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rescuetheworld.net\/?page_id=309\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GDP Statistics - RescueTheWorld.net\" \/>\n<meta property=\"og:description\" content=\"how much money countries make\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rescuetheworld.net\/?page_id=309\" \/>\n<meta property=\"og:site_name\" content=\"RescueTheWorld.net\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-07T20:50:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rescuetheworld.net\/wp-content\/uploads\/2018\/05\/GDP-feat2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"150\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/rescuetheworld.net\\\/?page_id=309\",\"url\":\"https:\\\/\\\/rescuetheworld.net\\\/?page_id=309\",\"name\":\"GDP Statistics - RescueTheWorld.net\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/rescuetheworld.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/rescuetheworld.net\\\/?page_id=309#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/rescuetheworld.net\\\/?page_id=309#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/rescuetheworld.net\\\/wp-content\\\/uploads\\\/2018\\\/05\\\/GDP-feat2.jpg\",\"datePublished\":\"2018-02-04T21:20:42+00:00\",\"dateModified\":\"2019-11-07T20:50:45+00:00\",\"description\":\"how much money countries make\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/rescuetheworld.net\\\/?page_id=309#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/rescuetheworld.net\\\/?page_id=309\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/rescuetheworld.net\\\/?page_id=309#primaryimage\",\"url\":\"https:\\\/\\\/rescuetheworld.net\\\/wp-content\\\/uploads\\\/2018\\\/05\\\/GDP-feat2.jpg\",\"contentUrl\":\"https:\\\/\\\/rescuetheworld.net\\\/wp-content\\\/uploads\\\/2018\\\/05\\\/GDP-feat2.jpg\",\"width\":650,\"height\":150},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/rescuetheworld.net\\\/?page_id=309#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/rescuetheworld.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Home &#8211; 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