Mississippi, the Poorest State in the US, compared to every country in GDP

submitted by magnora7 from i.redd.it

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[–]Tom_Bombadil 8 insightful - 1 fun8 insightful - 0 fun9 insightful - 1 fun -  (6 children)

It would be interesting to know the cost of living ratio of GDP, per capita.

Plus, most local economies are local credit based.

They "industrialize" them with western monetary policy (banking/debt) when we want to destroy them, and steal their resources.

"Per capita GDP" is not a metric of average quality of life.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

I could not quite find exactly what you want, but stats exist for something similar. Namely, median household income and GDP: https://upload.wikimedia.org/wikipedia/commons/e/e2/US_GDP_per_capita_vs_median_household_income.png

Lately this trend has finally been improving. But I can find no sensible analysis as to why, just as nobody has ever presented a sensible analysis as to why the decoupling happened so badly in the first place.

[–]Tom_Bombadil 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Thanks for that follow up. The results are interesting.

Lately this trend has finally been improving.

Which trend?

Also, I was curious about the relationship between GDP per capita, compared to the coast of living for each country.

A person could live life like a king in a small city in Romania with $1 million dollars.

The same couldn't be done in the US with $1 million. You could live reasonably, but not with the same lifestyle.

So the relative

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

The thing about being exceptionally wealthy in other nations as a foreigner is that, unlike the United States where this is typical, other nations are incredibly insular. They are also incredibly hostile, with many such places being prone to kidnapping or worse. In some of them, the cost and headache of needing to hire a personal security force, plus all the bribes to police and officials, is an immense hidden cost.

My point is that if it looks too good to be true, it very probably is.

[–]Tom_Bombadil 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

This is probably true, but living like a king doesn't necessarily mean living conspicuously wealthy.

Concerning GDP differences in countries; the relative cost of living is a much more significant factor to the average person's lifestyle.

You could live a lifestyle of similar quality for far less in the czek republic vs Germany.
Prague is a beautiful city.

[–][deleted]  (1 child)

[deleted]

    [–]Tom_Bombadil 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

    I'm not sure what you are specifically responding to.