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by slantedview
998 days ago
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Per-capita GDP is a good measure of how much wealth a country is producing, but it says nothing about how that wealth is distributed. While Japan's per capita GDP is lower, it's a vastly more equal society than the US, where a large portion of that wealth is captured by a small % of people. The unsustainability of this, long term, is part of the overall debt story. |
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