https://mishtalk.com/economics/purchasing-power-parity-silliness-and-the-myth-china-passed-the-us-in-gdp/ https://mishtalk.com/economics/purchasing-power-parity

https://mishtalk.com/economics/purchasing-power-parity-silliness-and-the-myth-china-passed-the-us-in-gdp/ https://mishtalk.com/economics/purchasing-power-parity-silli... GDP PPP is meaningless for both geopolitical power and what it means for the average citizen. The average citizen in EU is much better than the one in China/India despite what the PPP numbers suggest as GDP per captaincy matters more. China and Russia resort to bartering due to US sanctions because GDP matters, and not GDP PPP [1]. PPP should be used to compare only similar countries like USA/Canada/UK or those in EU. Or countries in SEA. [1] https://www.intellinews.com/china-russia-to-reintroduce-barter-trade-for-the-first-time-in-30-years-to-avoid-us-sanctions-337867/ https://www.intellinews.com/china-russia-to-reintroduce-bart...