• morrowind@lemmy.ml
    link
    fedilink
    arrow-up
    0
    ·
    4 months ago

    I think it’d be better when adjusted for GDP.

    China gdp: $17.96 trillion

    China has 1 billionare / $25.73 billion GDP or 1 billionare / $18.22 GDP / capita

    US gpd: $27.94 trillion

    US has 1 billionare / $38.59 billion GDP or 1 billionare / $114.88 GDP / capita

    • FiniteBanjo@lemmy.today
      link
      fedilink
      arrow-up
      0
      ·
      edit-2
      4 months ago

      Wouldn’t a lower number of billionaires to a higher amount of profits be more favorable to everyone except billionaires? So that particular example actually favors the system in the USA, oddly.

      Of course, GDP only accounts for excess goods and services sold to other nations, which for the USA includes financial services like trading platforms and exchanges, heavily skewing their actual production capacity.

      • kase@lemmy.world
        link
        fedilink
        arrow-up
        0
        ·
        4 months ago

        I think so, yeah. Also, billionaire means anything more than 1 billion, right? It might help to look at how much wealth they actually have; for example, if one nation has 1 billionaire (with $30 billion) and another has 30 billionaires (each with $1 billion), I wouldn’t argue that the former is especially better off.

          • emeralddawn45@discuss.tchncs.de
            link
            fedilink
            arrow-up
            0
            ·
            4 months ago

            You only need one guillotine. But really though, if he’s hoarding the same amount of resources as the 30 are, what’s the difference? At least spread out among 30 individuals it’s (somewhat) less power and influence in a single person’s hands.