U.S. per capita GDP gap widens from $10,000 to $20,000, Noah Smith notes

U.S. per capita GDP gap widens from $10,000 to $20,000, Noah Smith notes
U.S. GDP per capita gap doubles

Noah Smith, columnist and economist at Bloomberg Opinion, compares U.S. and Anglosphere per capita GDP since the 2008 crisis, referencing Paul Krugman's preferred use of current purchasing power parity.

Smith observes that the per capita GDP gap has grown from approximately $10,000 to about $20,000 over this period.

Smith has previously examined Chinese policy decisions that depart from Western economic priorities. He noted that economic leadership in China under Xi Jinping is focused on national strength over direct public benefit. In another piece, Smith reported that government support for companies often takes the form of below-market bank loans.

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