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  1. #121
    Order Now! pure_mercury's Avatar
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    Quote Originally Posted by Magic Poriferan View Post
    If the economy is strong, and the lives of these unemployed people are still fairly good, then it doesn't strike me as an immense problem.
    If unemployment is sitting at 8-9%, the economy is NOT doing as well as it could be. It's one of the main determinants.



    Higher GDP per capita and among the lowest GINI levels in the world! It's such a wonderful combination.
    Would be nice, if it were true. Norway is the only Northern European country with a higher GDP per capita than the United States.

    List of countries by GDP (PPP) per capita - Wikipedia, the free encyclopedia


    And Gini coefficient isn't really that important.
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

  2. #122
    Senior Member Lateralus's Avatar
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    Quote Originally Posted by Jack Flak View Post
    Tags: "Republicans are morons!!1". That's kind of an asshole manoeuver. Excuse me while I smash a Dem in a political debate. Nah, I don't want to talk to a Democrat, what am I thinking? Note: I'm not a Republican, but I don't vote for Democrats.
    Haha, I see you like my tag.

  3. #123
    Minister of Propagandhi ajblaise's Avatar
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    Quote Originally Posted by pure_mercury View Post
    If unemployment is sitting at 8-9%, the economy is NOT doing as well as it could be. It's one of the main determinants.





    Would be nice, if it were true. Norway is the only Northern European country with a higher GDP per capita than the United States.

    List of countries by GDP (PPP) per capita - Wikipedia, the free encyclopedia


    And Gini coefficient isn't really that important.
    NationMaster - GDP (per capita) (most recent) by country
    List of countries by GDP (nominal) per capita - Wikipedia, the free encyclopedia

  4. #124
    Senior Member Enyo's Avatar
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    Quote Originally Posted by ajblaise View Post
    One could argue that the social welfare state in many parts of europe is working in terms of quality-of-life.
    One could argue that the social welfare state isn't helping, too.

    I've already come to the conclusion that your socialist leanings and my capitalist leanings are far too entrenched for either of us to give way. Therefore, I'm not playing.
    "If you can't be a good example, you'll just have to serve as a horrible warning." Catherine Aird

  5. #125
    Order Now! pure_mercury's Avatar
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    You DO know what purchasing power parity is, right?
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

  6. #126
    Minister of Propagandhi ajblaise's Avatar
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    Quote Originally Posted by pure_mercury View Post
    You DO know what purchasing power parity is, right?
    Nominal better reflects the measure of the nations importance in the world economy, but some say PPP is better at measuring quality-of-life....however most QOL rankings measure up more closely to Nominal GDP rankings.

  7. #127
    ^He pronks, too! Magic Poriferan's Avatar
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    Quote Originally Posted by pure_mercury View Post
    If unemployment is sitting at 8-9%, the economy is NOT doing as well as it could be. It's one of the main determinants.
    What if the GDP growth is good, the GDP PC is high, and the country has no no public, internal, or external debt? If that country had high unemployment, would you still state that it's economy was failing? (this is purely hypothetical).


    Quote Originally Posted by pure_mercury View Post
    Would be nice, if it were true. Norway is the only Northern European country with a higher GDP per capita than the United States.

    List of countries by GDP (PPP) per capita - Wikipedia, the free encyclopedia


    And Gini coefficient isn't really that important.
    You're right, one of them is higher, and all the rest are close. Good enough for me. And I would say that the Gini coefficient is way more important than you think, but you have this inexcplicable disregard for inequality. If I had to make a choice between two countries based only on GDP PC and the Gini, and they both had the same GPD PC, but the one had a higher Gini, I'd go with that one. A very high Gini indicates very imbalanced wealth demographics. To me, the fact that a country is making tons of money is little consolation if most of it is owned by a minority that floats above a poor majority.
    Go to sleep, iguana.


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  8. #128
    Order Now! pure_mercury's Avatar
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    Quote Originally Posted by ajblaise View Post
    Nominal better reflects the measure of the nations importance in the world economy, but some say PPP is better at measuring quality-of-life....however most QOL rankings measure up more closely to Nominal GDP rankings.
    I completely disagree. When comparing different countries, nominal GDP is only better at reflecting which countries are growing or slowing when you take into account their currency values (which are related to their relative economic strength, but are not determinative of them). Besides, Quality of Life is a far more subjective ranking than something that can be measured in dollars. Ireland is #1 in the world in many of those rankings, and they have a freer economy with lower tax rates than does the United States. Their welfare state is much less generous than that of continental Europe, as well.
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

  9. #129
    Minister of Propagandhi ajblaise's Avatar
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    Quote Originally Posted by pure_mercury View Post
    I completely disagree. When comparing different countries, nominal GDP is only better at reflecting which countries are growing or slowing when you take into account their currency values (which are related to their relative economic strength, but are not determinative of them). Besides, Quality of Life is a far more subjective ranking than something that can be measured in dollars. Ireland is #1 in the world in many of those rankings, and they have a freer economy with lower tax rates than does the United States. Their welfare state is much less generous than that of continental Europe, as well.
    Whether you are looking at The Economist's or the UN's QOL rankings, the top countries on the list are dominated by nations with welfare states, of course there are exceptions. It's not a surprise, the main purpose of having generous social welfare programs is to raise people's quality of life.

  10. #130
    Order Now! pure_mercury's Avatar
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    Quote Originally Posted by ajblaise View Post
    Whether you are looking at The Economist's or the UN's QOL rankings, the top countries on the list are dominated by nations with welfare states, of course there are exceptions. It's not a surprise, the main purpose of having generous social welfare programs is to raise people's quality of life.
    The cynic in me would argue that the main purpose of having generous social welfare programs is to create more government jobs. Plus, we declared War on Poverty in the 1960s here in the United States, and the percentage of poor Americans has barely changed in the last 40 years, despite the numbers of Americans getting government assistance shot through the roof.
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

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