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Thread: USA economic downturn leads to 50,000 homelesss veterans living in the streets in California
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[quote=MARRIE,300828]JC, Gini ratio measures the level of equality of wealth distribution, the larger the Gini is , the higher the inequality. Believe it or not, China's Gini ratio is almost at the same level as USA's although USA has much much higher GDP per capita than China. Russia better gini is in line with Canada and other west euro although russia's economic absolute value-GDP is poor than west euro. norther euro countries enjoy top gini and best welfare. Socialism is ok for countries with tiny nation that is adjacent to economic superpower although their economy itself is not that competitive because geography -distance is one of key determinants of one nation's development. [/quote]
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