5 ms·

USD 16,100 once you account for PPP: https://en.wikipedia.org/wiki/Gross_world_product https://en.wikipedia.org/wiki/Gross_world_product

• evanpw 11y ago
  GDP (or GWP) is a flow: how much stuff we produce each year. Wealth is a stock: how much total stuff we've already produced and not consumed.
  • vinceguidry 11y ago
    Yes, you can't redistribute flows politically in any kind of a meaningful fashion. When you do that it's called a planned economy, and is generally inferior at raising living standards to market economies.
    • evanpw 11y ago
      I'm sympathetic to your ideas, but you're really overstating your case here. Redistributing income is probably the primary activity of governments in rich countries today. Even in the US, transfer payments are about 14% of GDP: https://research.stlouisfed.org/fred2/graph/?g=2Qi3 https://research.stlouisfed.org/fred2/graph/?g=2Qi3
  • jljljl 11y ago
    Oops, misread the original post.