Where Stalin left off Mao picked up
 

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The problem with this troll is that China's not really communist anymore--at least not in the places that are making it rich.

fail troll http://www.discussworldissues.com/fo...ons/icon13.gif

It was a war-torn shithole...

I take it you've never been a student in London then http://www.discussworldissues.com/fo...ilies/wink.gif

See this is the stupid thing about China being an economic giant. It is only so because of it's rampant population. In terms of per capita, it is abysmal...

well here we have 1960 GDP for China
http://www.nationmaster.com/graph/ec...pita&date=1960

92$ per head - but nominal... at at this point the economy already doubled from 1952, so we are talking about "less than 50$" nominal per head... which would indicate that the vaules are definitely not constant currency as indicated... but nominal... and that makes sense as at the time exhange rate was about 2.something/1, so from 119 RMB you would get about 50$ per head for 1952...

To get to today it's a facor of ~8... so about 400$ per head in current dollars - ie slightly better than Congo today...

so - not constant growth rates, but who cares, right? http://www.discussworldissues.com/fo...es/biggrin.gif

This does not detract from the argument, and that is - convert to communism or else! http://www.discussworldissues.com/fo...es/doitnow.gif

may be bad, but all the $$$ is centralized, so it is a power... and if they let their currency float like US or Europe the abysmal may even double.... this would for sure seriously impede their competitivness, and it is the main argument between the three sides... but hey... commies can play their cards in a more focused way and they are taking over. Communism for teh win http://www.discussworldissues.com/im...ons/icon14.gif

You probably misread it. The claim is that in the 1950s, nominal GDP started at around 70 billion renminbi.

1) No, the word "constant" appears there, and the final number looks a lot like today's prices (divide by 7 to get today's USD). Therefore the 67.9bln is

Apply some critical thought here, Jon. What's more likely? 10$ per capita or the fact that there is no reasonable estimate of per-capita production in an economy like China circa 1955?

I always wanted to use this smiley

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