Re: Why We Don't Celebrate A "Capital Day"
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Re: Why We Don't Celebrate A "Capital Day"         

Group: alt.philosophy · Group Profile
Author: BretCahill
Date: Sep 6, 2008 04:59

>> China's is already 1/2 th the size of the U. S. economy.
>> That comes out to be 6 years for double digit growth rates.
>>>It has to bridge the gap between a $3-4trillion gdp
>>> and a $13-14trillion gdp.
>>> Apparently you have some difficulty with basic arithmetic.
>> You are in a state of denial concerning the size of China's economy.
> Then so is the official China news agency Xinhua. What's your source?
> " Last year, the country's gross domestic product (GDP) grew
> 11.4percent year-on-year to 24.6619 trillion yuan (3.43 trillion U.S.
> dollars), but the risks of spiraling inflation and economic
> overheating were also rising."
>
> http://news.xinhuanet.com/english/2008-03/05/content_7720892.htm

Even using your numbers China's economy is still > 1/5th the size of
the U. S. economy.
> It would take zero growth in the USA *for decades* for the Chinese to
> catch us. Decades, Brat.
> Do the math.

Growth rate raised to the number of years (N) = relative increase in
size.

1.114^N = 5

N ln 1.114 = ln 5

N = ln 5 / ln 1.114 = 1.61/0.11 = 14 years

That ain't decades.
> So what were you saying again about "free speech on economic issues"?

China's high growth rate is proof positive that the Chinese have free
speech on economic issues. Any other conclusion is absurd.

And the GOP tax cut stagflation, predicted by the greatest minds to
last for decades is a result of censorship of economic information

Bret Cahill
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