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Alec Stapp
@AlecStapp
This is about national power, not standard of living (the US obviously still has a much higher GDP per capita!). In the event of potential Great Power conflict, some parts of the economy matter much more than others...
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David Watson 🥑
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Alec Stapp
@AlecStapp
Did a quick check on these numbers and they seem roughly correct:
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Benjamin Wolf 🇺🇦
@benbawan
Guess what - the EU 🇪🇺 also produces 41% more steel, 59% more vehicles, 39% more planes and 53 times as many ships as the US 🇺🇸 Of course, nobody will write about that. When it’s China 🇨🇳, it’s sobering. When it’s Europe, it’s ignored. x.com/AlecStapp/stat…
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Scott Lincicome
@scottlincicome
If you're worried about national power, however, you probably don't adjust for PPP. Can't have it both ways. Also, in modern warfare, services (tech, healthcare, etc) and finance (USD) certainly matter too. A lot.
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Philip Thompson
@Phili_Thomp
Military planners have probably slightly more success than economic ones To really tackle the DIB and military readiness major reforms are needed in how the military contracts otherwise we will end up subsidizing dual-use manufacturing so we can make hundreds of useless but
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Mads
@MadsNystrom
China needs to bring a lot of raw material in, yes they can produce but only with supply chains. If the US and allies were to halt sea shipping they would be under rolling blackouts within weeks. It's the biggest importer of energy same for iron ore.
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Hallon
@Hallon_HH
The quote in your original post is not from noahpinion, so you misattributed that eloquent quote to the deluded noahpinion
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J Schwarz
@JSchwarz91
Makes me think of what
@ektrit
recently wrote. Me paraphrasing: That the US looks at the economy’s total output in monetary terms while China looks at the total output in volume terms. One focused on how much it’s worth. One focused on how much was produced.
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Federico
@ffrey42
This feels like cherry-picking. The entire service sector doesn’t matter when comparing “national power” but gross seafood consumption does?
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Perfesser Getz
@nealgetz
China hasn't had a Soviet economy since the '70s, but lying communists still control the govt It's great to try to dig into the details of these stax, but no analysis that relies on official state-produced numbers should be taken at face value
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RobustFeedback
@FeedbackRobust
Try telling it to those who maintain that it doesn't matter if a huge % of global ship manufacturing occurs in China, or in close proximity to China. Do maps and history books still exist? Does anybody still read them?
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Remi
@scremdawg
Thanks Alec! Care to do a comparison of each countries navy by tonnage? As in, not total ships but actual weight deployed? Is that not one of the best measures of national power in a war that would be fought entirely over the Pacific Ocean?
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no one cares
@tricksthatstick
The whole point of PPP GDP is to measure living conditions between counties so per capita is the ONLY way to meaningfully measure these things. They have over a billion people, that matters!
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SV
@swamiji75
GDP is a measure of economic activity, doesn't indicate wealth. If you have a lot of economic activity, with steeply increasing debt, are you better off? You are merely consuming the future. US is simply uncompetitive in vast swathes of manufacturing.
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Prince n Duke
@PrinceDuke98
US can’t win a war with China, even when it escalates to a nuclear one. It’s too costly and too brutal for the Americans… despite the denials and the condescending rethoric.
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Tony
@xTonyClifton
Lol, nobody is going to fight for an economic zone that you and Noah want to flood with infinity foreigners. Of course, both of you cowards would never fight.
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Nathan Parrish 🌲
@starwoodtrail
They don't need missiles and bombs when they've already won using TikTok & fentanyl. Our military is led by cross-dressers. Our political leaders are a bunch of junkies. America is like a ghost ship whose inhabitants don't know it sunk years ago.
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tweet disliker
@TweetDisliker
Except as Doggy has pointed out so many very times, this makes no sense. Example:
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Doggy Dog
@DoggyDog1208
Replying to @Thebuckestmofo9 @Molson_Hart and @SantiagoAuFund
US reported real GDP +60% since 2000 with industrial output basically flat. That means it had to be offset by necessary services - healthcare, education, imputed rent - which grew ~100%. Has US healthcare, education and housing gotten twice as good? You’ve been had…
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info_cl
@infocl2
Even by service standard, China may not underperform the US either on PPP level. Don’t forget, the Chinese government undercount the service sector by design when reporting the GDP. So the high living standards we enjoy really inflated a lot by the exchange rate
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servants of god
@Nikhilcv345
But USA GDP concentrated 1-6 percent of People, Inequality ratio at the peak actually,1.5 + trillion dollars Credit debt, Bottom 50 percentage of people living pay check to paycheck
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