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(Telegraph)   British look up from their tea to watch Brazil take their place as world's sixth largest economy, feel they're entitled to fifth   (telegraph.co.uk) divider line 62
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3635 clicks; posted to Main » on 08 Mar 2012 at 12:01 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-03-08 08:44:26 AM
imagemacros.files.wordpress.com
 
2012-03-08 09:46:29 AM
Reaction was swift:

southeastasianews.org
 
2012-03-08 10:57:20 AM
A fifth of what?

/prefers kentucky bourbon
 
2012-03-08 12:08:58 PM
It's nice to see latin america rising to power.

/Sad thing of Brazil is the huge gap between the extremely rich and extremely poor
//And Brasilia was poorly planned, IMHO
///So all Niemeyer fans can flock off
 
2012-03-08 12:11:34 PM
They're a lot more fun too. Except the kidnapping and murder stuff.
 
2012-03-08 12:13:05 PM
So what does this actually mean for its people, if anything? Last I heard from a friend travelling there the place had more than its share of pretty awful slums.
 
2012-03-08 12:14:30 PM
They'd probably be able to keep a lot more of that money in country too if everything wasn't so retardedly high priced.
 
2012-03-08 12:16:45 PM
What I find most amazing about this story is that France is in the top 5 ... seriously? What the fark do they produce other than cheese, wine and BO?
 
2012-03-08 12:16:57 PM
Brazil has three times the population of the UK; it's not surprising that their economy is larger. The economic output per-capita is still one-third that of the UK.
 
2012-03-08 12:17:28 PM
Who abreviates percent "pc" is that a British thing? What's wrong with "%" WHERE DID YOU LEARN TO WRITE! Someone needs to take an AP style manual, roll it up and hit you about the head until you get better.

/seriously that was really annoying in an otherwise pretty decent article
 
2012-03-08 12:18:52 PM
in about 30 or 40 years most of the worst's biggest economies will be in Asia and South America with the exception of the US.
Funny how many countries we consider 3rd world just a decade or two ago will trade places with 1st world nation in a matter of one generation.
 
2012-03-08 12:21:50 PM

SuperNinjaToad: in about 30 or 40 years most of the worst's biggest economies will be in Asia and South America with the exception of the US.
Funny how many countries we consider 3rd world just a decade or two ago will trade places with 1st world nation in a matter of one generation.


uh...that's not how GDP works. Brazil has a huge gap in income between rich and poor and some of the worst slums on the continent; they still have a long way to go to become a first world nation and it's going to take serious political and social reforms; not just money.
 
2012-03-08 12:24:06 PM

Voiceofreason01: Brazil has a huge gap in income between rich and poor and some of the worst slums on the continent;


The favelas are the worst slums in the Western Hemisphere. They are so bad some of them are still outside of government control - they have to stage military operations to bring them under police jurisdiction.
 
2012-03-08 12:26:22 PM
img1.tvloop.com
 
2012-03-08 12:27:21 PM
So where does this put Dethklok?
 
2012-03-08 12:28:12 PM

pc_doc_54: What I find most amazing about this story is that France is in the top 5 ... seriously? What the fark do they produce other than cheese, wine and BO?


the sell lots of weapons and aircraft, they grow 1/3 of the food in all of europe, only 10% of their electrical power comes from fossil fuels. despite being snooty, smelly, cheese-eating surrender monkeys, they do quite well for themselves.
 
2012-03-08 12:28:54 PM

i.telegraph.co.uk
I heard you liek gay Mudkips
 
2012-03-08 12:35:11 PM

pc_doc_54: What I find most amazing about this story is that France is in the top 5 ... seriously? What the fark do they produce other than cheese, wine and BO?


Airbus
 
2012-03-08 12:37:56 PM

moops: Voiceofreason01: Brazil has a huge gap in income between rich and poor and some of the worst slums on the continent;

The favelas are the worst slums in the Western Hemisphere. They are so bad some of them are still outside of government control - they have to stage military operations to bring them under police jurisdiction.


They are pretty bad, but is not even close the northern part of Central America and Haiti.

/Despite all the shiat you see in Syria; Honduras has a higher murder per capita (new window)
//You are more likely to be killed in Guatemala than Afghanistan
///Stupid "drug war" policies don't work
 
2012-03-08 12:42:29 PM

Lord Dimwit: Brazil has three times the population of the UK; it's not surprising that their economy is larger. The economic output per-capita is still one-third that of the UK.


This; PPP, GDP per Capita and GINI coefficient tell you the difference between first world and third world

China is the second largest economy in the World, still has a lower standard of living than Brazil.
Of the BRIC countries, Brazil is the only one probably worth moving in.
/Hotbrazilianmodel.jpg
 
2012-03-08 12:44:25 PM

Voiceofreason01: SuperNinjaToad: in about 30 or 40 years most of the worst's biggest economies will be in Asia and South America with the exception of the US.
Funny how many countries we consider 3rd world just a decade or two ago will trade places with 1st world nation in a matter of one generation.

uh...that's not how GDP works. Brazil has a huge gap in income between rich and poor and some of the worst slums on the continent; they still have a long way to go to become a first world nation and it's going to take serious political and social reforms; not just money.


by your argument I guess the US is 3rd world then. Most Americans are not like Romney or Sheldon Adelson or Buffet.. and all you have to do is drive around North St. Louis, big parts of Gary IN, 90% of New Orleans and 100 other cities to find our versions of the slums.
I promise you that at certain times of the day you are just as likely to be killed on say MLK Blvd then in some favelas in Rio.
 
2012-03-08 12:44:31 PM
Brazil: Hot Women in Thongs, Sun

Britain: Fat pale women, cloudy, lack of toothbrushes.

COINCIDENCE? i THINK NOT!
 
2012-03-08 12:46:25 PM

moops: Voiceofreason01: Brazil has a huge gap in income between rich and poor and some of the worst slums on the continent;

The favelas are the worst slums in the Western Hemisphere. They are so bad some of them are still outside of government control - they have to stage military operations to bring them under police jurisdiction.


It's OK, pretty soon they'll all vote themselves free housing, free food, free health care, free living expenses, free retirement, free computers, free cell phones, and free birth control and Brazil can join the rest of the 1st world nations living off of credit while desperately staving off monetary collapse.
 
2012-03-08 12:46:44 PM
Some economists think that China's economy is already bigger than America's. Even those who disagree say that it'll happen within 5 years.

http://www.bloomberg.com/news/2011-01-14/china-tops-u-s-as-biggest-ec o nomy-by-purchasing-power-update1-.html
 
2012-03-08 12:48:47 PM

Muffin'sTop: They are pretty bad, but is not even close the northern part of Central America and Haiti.

/Despite all the shiat you see in Syria; Honduras has a higher murder per capita (new window)
//You are more likely to be killed in Guatemala than Afghanistan
///Stupid "drug war" policies don't work


Anyway, the point is that there is more to being a first world nation is more than having a high GDP; Britain has a much higher GDP per capita and even poor people in Britain live better than the average person in Brazil.
 
2012-03-08 12:49:44 PM
196 Million vs. 62 million people. Brazil should be bigger than the UK.
 
2012-03-08 12:50:09 PM
pc_doc_54: What I find most amazing about this story is that France is in the top 5 ... seriously? What the fark do they produce other than cheese, wine and BO?

Jeez (new window)
 
2012-03-08 12:51:48 PM

Sidders: Some economists think that China's economy is already bigger than America's. Even those who disagree say that it'll happen within 5 years.

http://www.bloomberg.com/news/2011-01-14/china-tops-u-s-as-biggest-ec o nomy-by-purchasing-power-update1-.html


Nah
 
2012-03-08 12:56:22 PM

signaljammer: pc_doc_54: What I find most amazing about this story is that France is in the top 5 ... seriously? What the fark do they produce other than cheese, wine and BO?

Jeez (new window)


their biggest ($1 billion +) companies are
Banks - BNP PAribas, Societe Generale, Credit Agricole,
Insurance AXA Group
Supermarkets - Carrefour
Cars - Renault, Peugeot
Drugs and biotech - Aventis
Construction - Saint-Gobain
 
2012-03-08 12:57:33 PM

Voiceofreason01: Anyway, the point is that there is more to being a first world nation is more than having a high GDP; Britain has a much higher GDP per capita and even poor people in Britain live better than the average person in Brazil.


agreed, apparently you skipped my previous post
 
2012-03-08 12:58:19 PM
I'd be willing to bet that Brazil will be accepting international aid and IMF grants well before the UK does
 
2012-03-08 01:00:41 PM
Olympics 2016, it is going to be fun.
 
2012-03-08 01:02:09 PM
How can India not be one of the top 5? Their GDP could be 1/10 of France's and they'd still have a bigger economy.
 
2012-03-08 01:02:33 PM

SuperNinjaToad: Voiceofreason01: SuperNinjaToad: in about 30 or 40 years most of the worst's biggest economies will be in Asia and South America with the exception of the US.
Funny how many countries we consider 3rd world just a decade or two ago will trade places with 1st world nation in a matter of one generation.

uh...that's not how GDP works. Brazil has a huge gap in income between rich and poor and some of the worst slums on the continent; they still have a long way to go to become a first world nation and it's going to take serious political and social reforms; not just money.

by your argument I guess the US is 3rd world then. Most Americans are not like Romney or Sheldon Adelson or Buffet.. and all you have to do is drive around North St. Louis, big parts of Gary IN, 90% of New Orleans and 100 other cities to find our versions of the slums.
I promise you that at certain times of the day you are just as likely to be killed on say MLK Blvd then in some favelas in Rio.


It's not the same thing, not even close

/did you want a real answer or are you just trolling?
 
2012-03-08 01:04:37 PM

Muffin'sTop: agreed, apparently you skipped my previous post


yeah sorry, I didn't see that post until after
 
2012-03-08 01:09:21 PM
The Jami Turman Fan Club

How can India not be one of the top 5? Their GDP could be 1/10 of France's and they'd still have a bigger economy.

You answered your own question.
 
2012-03-08 01:11:07 PM
"Brazil avoided falling into recession in the fourth quarter of last year by the narrowest of margins, thanks to a renewed pick-up in consumer spending..." said Neil Shearing, economist at Capital Economics.

Yes, Mr. Shearing, that was indeed a close shave.
 
2012-03-08 01:13:41 PM
According to IMF:

GDP/PPP

France 35048
India 3703

So India is slightly more than 1/10 of France, but Im guessing when you unadjust for PPP and multiply it out, India is behind France. Looks like India is #11.
 
2012-03-08 01:14:24 PM

kfb2b: Brazil: Hot Women in Thongs, Sun

Britain: Fat pale women, cloudy, lack of toothbrushes.

COINCIDENCE? i THINK NOT!


Britain: Harry Potter

Brazil: Hairless Pooter

Advantage: Brazil
 
2012-03-08 01:24:50 PM

SuperNinjaToad: by your argument I guess the US is 3rd world then. Most Americans are not like Romney or Sheldon Adelson or Buffet.. and all you have to do is drive around North St. Louis, big parts of Gary IN, 90% of New Orleans and 100 other cities to find our versions of the slums.
I promise you that at certain times of the day you are just as likely to be killed on say MLK Blvd then in some favelas in Rio.


Rio (not the favelas, Rio proper) aspires to the low-crime rates and lack of corruption found in New Orleans.
 
2012-03-08 01:42:14 PM

Nightsweat: signaljammer: pc_doc_54: What I find most amazing about this story is that France is in the top 5 ... seriously? What the fark do they produce other than cheese, wine and BO?

Jeez (new window)

their biggest ($1 billion +) companies are
Banks - BNP PAribas, Societe Generale, Credit Agricole,
Insurance AXA Group
Supermarkets - Carrefour
Cars - Renault, Peugeot
Drugs and biotech - Aventis
Construction - Saint-Gobain


don't forget GDF Seuz, aka the "Exxon of Natural Gas", with €84 billion in annual revenue; Michelin tires; LVMH; and Total, which is the largest European company by market capitalization.
 
2012-03-08 01:48:11 PM

Nightsweat: Sidders: Some economists think that China's economy is already bigger than America's. Even those who disagree say that it'll happen within 5 years.

http://www.bloomberg.com/news/2011-01-14/china-tops-u-s-as-biggest-ec o nomy-by-purchasing-power-update1-.html

Nah


The IMF begs to disagree:

"Under PPP [purchasing power parities], the Chinese economy will expand from $11.2 trillion this year to $19 trillion in 2016. Meanwhile the size of the U.S. economy will rise from $15.2 trillion to $18.8 trillion. That would take America's share of the world output down to 17.7%, the lowest in modern times. China's would reach 18%, and rising."

http://articles.marketwatch.com/2011-04-25/commentary/30714377_1_imf- c hinese-economy-international-monetary-fund
 
2012-03-08 01:49:29 PM
Little confused as to how they're coming to this conclusion. The top nations by GDP (purchasing power parity) are (in 2011 US dollars):

United States 1.5E+13
China 1.13E+13
India 4.46E+12
Japan 4.38E+12
Germany 3.08E+12
Russia 2.37E+12
Brazil 2.28E+12
United Kingdom 2.25E+12
France 2.21E+12
Italy 1.82E+12
Mexico 1.65E+12
Korea, South 1.55E+12
Link (new window)

Brazil is 7th, not 6th.
 
2012-03-08 01:50:48 PM

This text is now purple: SuperNinjaToad: by your argument I guess the US is 3rd world then. Most Americans are not like Romney or Sheldon Adelson or Buffet.. and all you have to do is drive around North St. Louis, big parts of Gary IN, 90% of New Orleans and 100 other cities to find our versions of the slums.
I promise you that at certain times of the day you are just as likely to be killed on say MLK Blvd then in some favelas in Rio.

Rio (not the favelas, Rio proper) aspires to the low-crime rates and lack of corruption found in New Orleans.


seriously.

some interesting things I have learned from Brazilians:

gangs employ lots of teenagers to do their dirty work. why? because in Brazil, anyone under 18 years old will face a maximum of 3 years in jail, regardless of the crime committed....including murder.

one thing you may not hear on the news about police raids on favelas is the high number of kids that are killed by police in process.
 
2012-03-08 02:05:43 PM

Sidders: Some economists think that China's economy is already bigger than America's. Even those who disagree say that it'll happen within 5 years.

http://www.bloomberg.com/news/2011-01-14/china-tops-u-s-as-biggest-ec o nomy-by-purchasing-power-update1-.html


Right, but look at the populations and economic output per person:

United States GDP per capita: $48,000
China GDP per capita: $5,000

They just make up for it in volume.
 
2012-03-08 02:09:14 PM
They brits can't have the fifth. They do not follow Ji'e'toh
 
2012-03-08 02:13:06 PM
Brazil has more than 3 times the amount of people the UK does. This just means they're slowly raising themselves out of the shiatter. Even the British should see it as a good thing.
 
2012-03-08 02:17:02 PM

SuperNinjaToad: by your argument I guess the US is 3rd world then.


That is not what 3rd World means, you brainless cum-dumpster.

1st, 2nd, 3rd World are about alliances in the Cold War, not economic activity. Because of certain historical and economic circumstances, the higher-end nations were in the 1st World, and the lower-end were in the 3rd World, but that was serendipity, not part of the definition. 1st World = US and allies (basically NATO plus a couple other nations); 2nd World = USSR and allies (basically Warsaw Pact and a couple other nations); 3rd World = everyone not in 1st or 2nd World. The US cannot become a 3rd World nation because it cannot go back in time and opt-out of being part of NATO. For the same reason, no nation described as 3rd World can ever become a 1st World nation because it cannot go backwards in time to join NATO. And for completeness sake, even Russia cannot be a 2nd World nation, because the farking USSR is dead. There is a reason for hte shift to "developed/industrialized" and "developing/non-industrialized" - because the old designations mean jack-all now that the Cold War is over
 
2012-03-08 02:20:58 PM

phalamir: SuperNinjaToad: by your argument I guess the US is 3rd world then.

That is not what 3rd World means, you brainless cum-dumpster.

1st, 2nd, 3rd World are about alliances in the Cold War, not economic activity. Because of certain historical and economic circumstances, the higher-end nations were in the 1st World, and the lower-end were in the 3rd World, but that was serendipity, not part of the definition. 1st World = US and allies (basically NATO plus a couple other nations); 2nd World = USSR and allies (basically Warsaw Pact and a couple other nations); 3rd World = everyone not in 1st or 2nd World. The US cannot become a 3rd World nation because it cannot go back in time and opt-out of being part of NATO. For the same reason, no nation described as 3rd World can ever become a 1st World nation because it cannot go backwards in time to join NATO. And for completeness sake, even Russia cannot be a 2nd World nation, because the farking USSR is dead. There is a reason for hte shift to "developed/industrialized" and "developing/non-industrialized" - because the old designations mean jack-all now that the Cold War is over


While the US isn't the third world by whoever's argument because SuperNinjaToad failed to understand Gini/GDP/other factors, the meaning of "third world" has changed as well. While it originally meant alliances/spheres-of-influence during the Cold War, according to The Journal of Contemporary History "third world" has become synonymous with "developing country", though the term is falling out of favor.
 
2012-03-08 02:30:23 PM

Lady Beryl Ersatz-Wendigo: So where does this put Dethklok?


came here for this, leaving satisfied.
 
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