💥It is important to understand that the US economy represents approximately 25% of the global GDP, despite having just 334 million people, which is around 4.25% of the global population. This context is crucial for comprehending various narratives prevalent in media and politics. Here are a few examples to illustrate this point 🧵:
♦️China, with 1.45 billion people (18.5% of the global population), contributes $18 trillion (18%) to the global GDP.
♦️India, with 1.4 billion people (18% of the global population), generates $3.4 trillion (3%) of the global GDP.
♦️Russia, with 146 million people (1.87% of the global population), produces $2 trillion (1.9%) of the global GDP.
đź’ĄWhen the BRICS nations (Brazil, Russia, India, China, South Africa) are combined, their 3.3 billion people (43% of the global population) contribute $26 trillion (26%) to the global GDP.
đź’ĄDespite the large population of the BRICS nations, their economic output barely matches that of the 334 million Americans. However, it would actually be beneficial for the US if the BRICS nations were to increase their GDP. As these 3.3 billion people become wealthier, they would become potential customers for American high-end goods and services. Consequently, the US would see increased profits. It is worth noting that the US dollar would strengthen in such a scenario, considering the 334 million Americans would have significantly more affluent customers to cater to.
đź’ĄComparatively, Russia's 1.9% share of the global GDP pales in comparison to the US's 25% share. This is also true when considering the collective economic power of the 32 NATO member nations or the 50 countries supporting Ukraine. By engaging in actions detrimental to its own economy, such as the annexation of Crimea or involvement in Ukraine, Russia's leadership, under Putin, has effectively committed economic suicide on behalf of its people. This situation has created a humanitarian crisis without any tangible benefits for Russia. Even if Russia were to conquer Ukraine and the former Soviet bloc, the strategy of scorched earth is not conducive to maintaining a healthy and vibrant economy.
đź’ĄThese examples serve to demonstrate how understanding this piece of information can help individuals better contextualize and discern between the plethora of narratives, whether accurate or unfounded, that circulate constantly in various domains.
♦️China, with 1.45 billion people (18.5% of the global population), contributes $18 trillion (18%) to the global GDP.
♦️India, with 1.4 billion people (18% of the global population), generates $3.4 trillion (3%) of the global GDP.
♦️Russia, with 146 million people (1.87% of the global population), produces $2 trillion (1.9%) of the global GDP.
đź’ĄWhen the BRICS nations (Brazil, Russia, India, China, South Africa) are combined, their 3.3 billion people (43% of the global population) contribute $26 trillion (26%) to the global GDP.
đź’ĄDespite the large population of the BRICS nations, their economic output barely matches that of the 334 million Americans. However, it would actually be beneficial for the US if the BRICS nations were to increase their GDP. As these 3.3 billion people become wealthier, they would become potential customers for American high-end goods and services. Consequently, the US would see increased profits. It is worth noting that the US dollar would strengthen in such a scenario, considering the 334 million Americans would have significantly more affluent customers to cater to.
đź’ĄComparatively, Russia's 1.9% share of the global GDP pales in comparison to the US's 25% share. This is also true when considering the collective economic power of the 32 NATO member nations or the 50 countries supporting Ukraine. By engaging in actions detrimental to its own economy, such as the annexation of Crimea or involvement in Ukraine, Russia's leadership, under Putin, has effectively committed economic suicide on behalf of its people. This situation has created a humanitarian crisis without any tangible benefits for Russia. Even if Russia were to conquer Ukraine and the former Soviet bloc, the strategy of scorched earth is not conducive to maintaining a healthy and vibrant economy.
đź’ĄThese examples serve to demonstrate how understanding this piece of information can help individuals better contextualize and discern between the plethora of narratives, whether accurate or unfounded, that circulate constantly in various domains.