Tsavo Lion wrote:Interconnected Eurasia=multipolar World:
PPP is the right start but not the full quantification. Russia is not just Germany in terms of PPP. It is much bigger. It
has resources and diversity of production that Germany simply does not have. How can these factors contribute nothing?
Because Germany exports some expensive cars? BS.
Many of the "large" economies listed in the article are only so because of enormous population size. This applies to both
China and India. Their GDP figures will always be large since they have 10 times more people than Russia and Japan. Relative
to the US the factor is closer to 5. But this human count GDP contribution is soft since it reflects food and housing consumption.
The commercial sector centric PPP factor that is routinely applied to Russia discounts essentially all of its military industry
since Russian military prices are about 10-20% those in NATzO member states. No PPP factor based on consumer goods
and services only is worth the time of day. Russia's military industry is not 0.1% of its economy that it can be discounted.
Even the energy being supplied by Russia is grossly undervalued. This is one aspect of the GDP that is ridiculous. We have all
sorts of shysters going on and on how oil and gas have shrunk as a fraction of US GDP since the 1970s and claiming that the
GDP depends on them less. This inference is moronic since any real shortage of these energy sources would shut the economy
down. I will not waste time in discussing boutique alt energy, which right now is more talk than substance in terms of total
energy supply for any large economy, including Germany.
Russia's real economic power is being lowballed by self-serving drivel artists. The problem is that this BS is believed by the
deciders who are itching to repeat history.