A very intelligent and interesting professor of mine made a point in class yesterday that I wanted to share with Pickle Nation. The Gini Coefficient is a popular measure of wealth inequality in a country. A low Gini means that wealth is spread relatively evenly - think Scandanavia, which is in the .20's. A high Gini means it is spread unevenly - think Colombia, which is in the .60's.
Here's the rub - China (the world's largest communist country) and the US (the world's leading capitalist country) both have Gini's in the mid .40's. Is it all really about nothing?
Wednesday, February 27, 2008
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2 comments:
isn't it nihilism not nihlism? =)
probably.
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