What’s PPP ? Purchasing Power Parity. And the Death of the West.


I’ve always thought Russia had an economy about the same as Australia’s,  which makes it very small.

And I’ve always thought GDP was a loony way of measuring the ‘size’ and/or strength of an economy.

But I didn’t know of any alternatives.  Because I just don’t know much.  So I find today there is a measure called ‘PPP’ or ‘Purchasing Power Parity’ which allows for adjusting calculations in order to reflect which things of a nation’s ‘production’ are really ‘things’ of some use and which are mere frivolities of no essential use – like painting fingernails and tv entertainment.

Now I learn this and how it applies to the current fiasco in the Ukraine.

Read this.  It’s very interesting I think:



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