That’s an interesting analysis. If it’s correct then it would suggest that while China has a larger economy it has yet to achieve the influence over international finance that the US currently enjoys.
Fortunately as a militant leftist I don’t give a fuck about about imaginary numbers like the GDP. I care about the material conditions and quality of life of the average citizen as well as how much infrastructure the country builds for it’s citizens. In which case, well America is still pretty shit.
I mean, you don’t have to look at opinion pieces to see that US cooks their numbers. It’s openly admitted on the BEA website. The whole imputation bit is basically fictitious GDP. For example, when a person buys a home, the government adds that person’s imaginary rent to the GDP. That is, if he didn’t buy a home, he would have spent X dollars on rent.
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