• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

The 25 richest countries in the world

Most have vast natural resources except for Singapore, Hong Kong and Taiwan. Human capital stupid!
The 25 richest countries in the world - Business Insider

It is not really easy to interpret the numbers. GDP tends to be higher per capita in small densely populated areas, where infrastructure is relatively efficient pro capita than in large ones. The challenge of wealth creation in small homogeneous populations is often smaller than where diversity of heritage is large. Etc.
 
It is not really easy to interpret the numbers. GDP tends to be higher per capita in small densely populated areas, where infrastructure is relatively efficient pro capita than in large ones. The challenge of wealth creation in small homogeneous populations is often smaller than where diversity of heritage is large. Etc.

That does not hold water when countries with zero natural resources are among the top.
 
Luxembourg and Norway surprised me. The others not so much.
 
No, sorry.

Current US Real GDP Per Capita (2016): 51,171.88, from here.

GDP per capita is not the best index to understand a nation's "well-being". GDP includes "investment", and though important to generating employment-income, it has little direct bearing on personal well-being.

What is important is not just the "gross" numbers (as in "GDP"), which do not always indicate the quality-of-life (QOL).

Which is perhaps better determined by the OECD Quality-of-Life assessments ...

I was talking about the Swiss GDP Per Capita, you gave me a link to the US GDP Per Capita. I'm not arguing the utility of the GDP Per Capita & it's relevance to the quality of life.
 
That does not hold water when countries with zero natural resources are among the top.

Which are you thinking of? Small and city states do well as management, trading and/or tax haven sites. This is true for Holland, Luxembourg, to a certain extent Switzerland, Singapore or Hong Kong. For that type of activity you require infra structure and to an extent an attractive environment to live in. Wherein does that conflict with my above?
 
The Business Insider article is based on a report using a different measure of GDP. Both are equally relevant but both are unsuited to alone determining the true wealth/success of the nations in question.

Ah yes I see my mistake. My source uses GDP and business insider uses GDP (PPP). My bad, sorry I was quite stubborn. :doh
 
Luxembourg and Norway surprised me. The others not so much.

Luxembourg is a tax haven financial center and Norway lives off its natural gas reserves and other resources.
 
Time for us (USA) to start stepping it up...

We need "no more Mr. nice guy" trade policies and to start charging for out protection like Trump talks about..

Maybe so. But that list certainly does not show that to be true.
 
You do know that all the countries above the United States are either petro-states or city-states right? The US is top of the pack in it's class.

That is the actually most interesting thing about the list. But it has long been so and the surprise is that people still thing the socialist model should be brought to the US, or that the US is doing poorly enough to justify populist candidates for President.
 
Which are you thinking of? Small and city states do well as management, trading and/or tax haven sites. This is true for Holland, Luxembourg, to a certain extent Switzerland, Singapore or Hong Kong. For that type of activity you require infra structure and to an extent an attractive environment to live in. Wherein does that conflict with my above?

It boils down to education, skilled workforce and productivity. There are no two ways about it.
 
Whatever...Those middle eastern sunni countries Trump talks all the time about how we shouldn't be providing security forthem on our tax payers dime but rather should charge them for it.. Looks like they can afford it, he is right..

We provide security to Sunni states for the Oil Corporations- we keep the Sunni states 'safe' so we don't have to deal with messy democracies with their annoying nationalist tendencies. Our dime protects corporations which pitch a fit over 'high' nominal tax rates but do benefit from our military keeping lanes of commerce open, trading partners available, and other nation's resources available with very profitable trade arrangements...

Trump wants to turn our military into a protection racket- just wait and see how fast our 'dear friends and allies' in the Sunni Region drop us like a bad habit and embrace their new 'dear friends and allies' China and or Russia....

Yeah that will be great news for us, an end to the Greenback being the world currency and the cost of energy going up for us to match Europe's high gas prices.

Go Trump GO!!!!!! :doh
 
I was talking about the Swiss GDP Per Capita, you gave me a link to the US GDP Per Capita. I'm not arguing the utility of the GDP Per Capita & it's relevance to the quality of life.

Ouupppsss ...
 
I know that question is addressed to carjosse, but I had the same thought when reading the list and I partially agree with his answer. The USA is #8 on the list, and for 6 of the remaining 7, they are all tiny countries/city-states that benefit from the exclusive ability to offer spectacularly attractive incentives to wealthy citizens/corporations to relocate and operate within their border which larger population countries cannot afford to match. It inflates their GDP per capita and doesn't make for a good comparison.

Also if you don't get what I mean by that, when you have large populations as a country, you need significant revenues (taxes) in order to operate the necessary healthcare, education, welfare, bureaucracies, etc. systems. And comparatively the tiniest countries/city-states don't have this overhead. Therefore they can offer up these crazy tax breaks and corporate benefits that would drive other countries into bankruptcy, but for them is still is enough to be able to cover their operations while at the same time attracts "on-paper" the world's wealthiest and most productive individuals.

However I disagree with Norway not being in the same class as the United States. They've got a large population and also the citizen demands that would normally occur for a non-tiny state. It just so happens that their politicians by chance came up with and managed to execute a genius, world-class plan to use oil revenues to create a gigantic pension fund for everyone.



They do not have the institutions nor the human capital to harness their resources.

Norway has the same population as Singapore and a significant portion of their economy relies on oil revenue.
 
Trump wants to turn our military into a protection racket ... that will be great news for us, an end to the Greenback being the world currency and the cost of energy going up for us to match Europe's high gas prices.

That was last week. Let's see what nonsense he has in store for us this week.

Frankly, with the international economy where it is, I doubt that we'll be coming out of an Oil-Economy just yet. It depends upon the price of hybrids, which will determine the overall demand for gas/petrol. Americans or Europeans (who opted for mostly diesel-engine cars) must get used to the fact that keeping a petroleum-based car for that one trip a year (that most people take) that takes you further than 100 miles (the top range of an electric car today) is not a good idea.

Beyond 100 miles, take the train. Remember those?

One of the projects that Obama had on his "hot-list" upon reelection was a hi-speed electric train network. Of course, all of his projects were submerged by the Replicant takeover of the HofR in 2010.

Instead of belching carbon monoxides from my car, I can take an all-electric train today at 360mph (average speed) along a network map that looks like this:580x387_carte_en_sans_texte_7.jpg.

And, at the other end, I rent an electric car.

The train takes only a bit longer, but you've got (in Europe) some fine dining whilst watching the marvelous countryside ...
 
Last edited:
Norway has the same population as Singapore and a significant portion of their economy relies on oil revenue.

Oh my god. You're right. I was in Singapore last month. Never does it seem that crowded, nor does Norway seem that empty.
 
And lives mostly from the sale of natural resources.

doesn't everybody lol?

besides what does it matter the top 1% own 46% of the worlds wealth, this list is basically a list of where they live
 
doesn't everybody lol?

besides what does it matter the top 1% own 46% of the worlds wealth, this list is basically a list of where they live

No. They don't, when you look more closely.
 
are you saying they own more?

I am saying that most developed countries do not live from the sales of natural resources nor do most 1 percent people live in Norway.
 
quality of life is based on personal opinion and really impossible to measure, for example, cost of living is much higher in san francisco than in melbourne, and the internet is probably much better in sydney than in fairbanks alaska. and while im fairly sure aussies have figured out how to use an a/c by now lol, theyre poor neighborhoods are nothing compared to ours in america, while life may be wonderful in the cul-de sacs, the country of america has some of the worst ghettos in the world, with millions of homeless and starving people including millions of children and dozens of other problems that no other industrialized oecd nations face

this is what most of america looks like


philadelphia10.jpg

Liar.

No other word for it.
 
Back
Top Bottom