Purchasing Power Parity is a fake metric because it doesn't take into account important economic activities such as advertisement, addiction optimization, financial products with impossible-to-detangle risk profiles, and monetized political outrage. If you properly account for that, you will see that US economic output far exceeds China's fake economy!
Purchasing Power Parity is a fake metric because it doesn't take into account important economic activities such as advertisement, addiction optimization, financial products with impossible-to-detangle risk profiles, and monetized political outrage. If you properly account for that, you will see that US economic output far exceeds China's fake economy!