Slashdot Mirror

The first step of many towards English losing it's place as the premier language in the world and the world's "second language". More countries will switch as China replaces US as biggest economic power.

That remains to be seen. GDP per capita basically measures how much productivity each citizen generates on average. The amount of inefficiency in a country's economy (due to corruption, lack of economic liquidity, and poor government policies) shows up as a lower GDP per capita.

The U.S. has a GDP per capita of nearly $60,000. Most EU nations are between $40k-$60k. Japan is around $40k. Ireland is around $70k due to its tax policies causing most foreign businesses to set up EU HQ there. Norway's is around $75k due to its oil exports. And Switzerland and Luxembourg are higher yet due to their heavy presence in banking. Likewise, the city-states (Macau, Singapore, Hong Kong, etc) are skewed high due to not having any low-income farmers in their stats.

Corruption or poor government policies limit the country's GDP per capita. South Korea and Taiwan's GDP per capita have stalled at around $25k-$30k for this reason. Despite both countries being capitalistic power houses, corruption and nepotism infest business practices there, and there's still a heavy stigma against women working (you cripple your productivity per capita when you discourage half of your able-bodied population from working).

Countries without a solid capitalistic base and with high corruption or poor government policies are usually mired at a GDP per capita of around $10k. Eastern Europe and much of Central and South America.

China is currently at $8k. If its Communist government and inherent corruption (you need to bribe people and officials to get any business done there) limits its GDP per capita to $10k, then the growth of its total GDP will stall at around $15 trillion. The U.S. and EU GDPs are already at $19 trillion each. So China would not surpass them in global economic influence. Even if China manages Taiwan-like levels of productivity (unlikely IMHO as long as its government remains Communist and insists on wasting capital on things like building empty cities), its total GDP would max out at around $35 trillion, giving it less economic influence than the U.S. and EU combined despite having twice the population.

No surprise it's happening in Kenya as Africa is heavily invested in by China.

China's heavy investment abroad has been fueled by its rapidly growing economy, which left it plenty of excess money to spend abroad. The signs are that growth is now slowing. (Sorry the bottom of the graph is 6%, not 0%. Every graphic I could find online did that.)

At a 6.5% growth rate, it will take 4 years for China's GDP per capita to hit $10k, 10 years to hit $15k, and 20 years to hit $20k. So we will know in the next 10-15 years whether the Chinese economy will continue growing, or if it will stall.

Except if you woud bother to look at the actionon the top of page 3 it specifically says he violated (b) which doesn't mention fraud at all.

The graph explains what happened.
and for the blind:

In the fall of 2015, the Liberal-led government of Prime Minister Lars Lokke Rasmussen announced the progressive phasing out of tax breaks on electric cars, citing budget constraints and the desire to level the playing field.
[...]
The new tax regime "completely killed the market," Laerke Flader, head of the Danish Electric Car Alliance, said in a recent interview. "Price really matters."

Whether the prediction is true or not, this is a propaganda piece with no data backing it. Even by their own charts, solar is currently much more expensive than everything else. They basically drew a bunch of lines with coal and natural gas trending up and solar trending down, completely ignoring the fact that coal and natural gas are also trending down.

Take a look at their cost breakdown. The "other hardware" cost had tripled since 2009 (currently 20% of the total cost), but they conveniently made it fall by 2/3rds by 2025 with no explanation at all.

or the BA 2100. Wiki Image

I still will never to this day understand why NASA dumped transhab.

I sort of agree, but that's another record for another time. In the meantime, some of the pics of it landing at night seem almost to make it worth landing.

http://images.bwbx.io/cms/2013-05-22/0521-solar-impulse-630x420.jpg