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0 pointsdiordiderot3y ago0 comments

And all the Chinese got was 2.5x GDP per capita

0 comments

onlyrealcuzzo3y ago

They also have 300% debt to GDP compared to 84% for India.

We'll never know how much more advanced India would be if they invested as much in infrastructure.

dirtyid3y ago

You're comparing national debt with total debt.

PRC national debt gdp is ~70%, LOWER than India ~90%.

Also PRC has 5.5x the GDP / per capita vs India.

onlyrealcuzzo3y ago

That's including debt held by "private" corporations that are extensions of the state.

All the mega banks in China are indistinguishable from the state - you're looking at 100% of debt to GDP on their balance sheets alone.

Aunche3y ago

> They also have 300% debt to GDP compared to 84% for India.

You're comparing the total debt of China with the national debt of India.

onlyrealcuzzo3y ago

India doesn't have "private" corporations which are just an extension of the state.

All the mega banks in China are indistinguishable from the state - you're looking at 100% of debt to GDP on their balance sheets alone.

2 more replies

svieira3y ago

"That's a chain of office you are wearing; may I see it? Why Richard, it profits a man nothing to give his soul for the whole world ... but for Wales?"

https://youtu.be/bLIsqYKDqY8?t=214

To put it another way - how many children are an acceptable sacrifice for mammon? I say "none".

j / k navigate · click thread line to collapse

0 comments

onlyrealcuzzo3y ago

They also have 300% debt to GDP compared to 84% for India.

We'll never know how much more advanced India would be if they invested as much in infrastructure.

dirtyid3y ago

You're comparing national debt with total debt.

PRC national debt gdp is ~70%, LOWER than India ~90%.

Also PRC has 5.5x the GDP / per capita vs India.

onlyrealcuzzo3y ago

That's including debt held by "private" corporations that are extensions of the state.

All the mega banks in China are indistinguishable from the state - you're looking at 100% of debt to GDP on their balance sheets alone.

Aunche3y ago

> They also have 300% debt to GDP compared to 84% for India.

You're comparing the total debt of China with the national debt of India.

onlyrealcuzzo3y ago

India doesn't have "private" corporations which are just an extension of the state.

All the mega banks in China are indistinguishable from the state - you're looking at 100% of debt to GDP on their balance sheets alone.

2 more replies

svieira3y ago

"That's a chain of office you are wearing; may I see it? Why Richard, it profits a man nothing to give his soul for the whole world ... but for Wales?"

https://youtu.be/bLIsqYKDqY8?t=214

To put it another way - how many children are an acceptable sacrifice for mammon? I say "none".

j / k navigate · click thread line to collapse