Poland worth more than Apple; American journalists are dumb

Started by Martinus, March 13, 2012, 10:20:23 AM

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Martinus

#30
March 13, 2012, 05:38:07 PM
Quote from: Peter Wiggin on March 13, 2012, 01:55:43 PM
BTW, did the "Occupy" movement do anything in Poland?

It didn't really get much traction - Poles are very pro-free market these days. The only part that got people to the streets was the threat to adopt ACTA (a treaty attempting to do something like SOPA).

Razgovory

#31
March 13, 2012, 05:43:47 PM
Quote from: Solmyr on March 13, 2012, 11:20:10 AM
Quote from: Razgovory on March 13, 2012, 11:01:07 AM
Quote from: DGuller on March 13, 2012, 10:41:55 AM
Poland does have tens of millions of people.  Those don't come cheap.

I wonder which is worth more.  The new IPhone or a Pole? I'm think a pretty one with big tits.  The Pole that is, not the Iphone.

But if you had a pretty iphone with big tits, would you really need a Pole?

I'm not sure what use an Iphone with big tits would be.
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

Viking

#32
March 13, 2012, 06:03:26 PM
One is Market Capitalisation and the other is GDP it's like comparing Apples and Polands.

(oh, come on, I know you wanted to make that joke)
First Maxim - "There are only two amounts, too few and enough."
First Corollary - "You cannot have too many soldiers, only too few supplies."
Second Maxim - "Be willing to exchange a bad idea for a good one."
Second Corollary - "You can only be wrong or agree with me."

A terrorist which starts a slaughter quoting Locke, Burke and Mill has completely missed the point.
The fact remains that the only person or group to applaud the Norway massacre are random Islamists.

DGuller

#33
March 13, 2012, 06:07:12 PM
Quote from: Viking on March 13, 2012, 06:03:26 PM
One is Market Capitalisation and the other is GDP it's like comparing Apples and Polands.

(oh, come on, I know you wanted to make that joke)
I can safely (and proudly) say that I did not.

Admiral Yi

#34
March 13, 2012, 06:07:36 PM
Maybe Cecil will want to reevaluate his opinion.  :hmm:

Zanza

#35
March 13, 2012, 06:16:00 PM
Quote from: Admiral Yi on March 13, 2012, 10:42:33 AM
No.  Market cap is a stock, GDP is a flow.  If Apple's revenues were higher than Poland's GDP then the headline would work.
No, it wouldn't. GDP is value added so you would have to determine the gross profit or some similar figure of Apple and compare.

Ed Anger

#36
March 13, 2012, 06:19:38 PM
The change in my seat cushions are worth more than Poland.
Stay Alive...Let the Man Drive

Solmyr

#37
March 14, 2012, 04:23:18 AM
Quote from: Razgovory on March 13, 2012, 05:43:47 PM
Quote from: Solmyr on March 13, 2012, 11:20:10 AM
Quote from: Razgovory on March 13, 2012, 11:01:07 AM
Quote from: DGuller on March 13, 2012, 10:41:55 AM
Poland does have tens of millions of people.  Those don't come cheap.

I wonder which is worth more.  The new IPhone or a Pole? I'm think a pretty one with big tits.  The Pole that is, not the Iphone.

But if you had a pretty iphone with big tits, would you really need a Pole?

I'm not sure what use an Iphone with big tits would be.

Still more use than a Pole?

The Minsky Moment

#38
March 14, 2012, 08:45:58 AM
Quote from: Zanza on March 13, 2012, 06:16:00 PM
Quote from: Admiral Yi on March 13, 2012, 10:42:33 AM
No.  Market cap is a stock, GDP is a flow.  If Apple's revenues were higher than Poland's GDP then the headline would work.
No, it wouldn't. GDP is value added so you would have to determine the gross profit or some similar figure of Apple and compare.

There is no way to come up with an equivalent expense amount for a country.  The "cost" of producing a particular GDP is making the payments to the various factors to induce those factors to supply the various inputs that result in GDP.  So the "net income" of a country in terms of the amount of value added (or "gross profit") minus payment to domestic factors ("SG+A") is going to equal to the current account.
The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.
--Joan Robinson

Malthus

#39
March 14, 2012, 02:18:25 PM
Quote from: Razgovory on March 13, 2012, 05:43:47 PM
Quote from: Solmyr on March 13, 2012, 11:20:10 AM
Quote from: Razgovory on March 13, 2012, 11:01:07 AM
Quote from: DGuller on March 13, 2012, 10:41:55 AM
Poland does have tens of millions of people.  Those don't come cheap.

I wonder which is worth more.  The new IPhone or a Pole? I'm think a pretty one with big tits.  The Pole that is, not the Iphone.

But if you had a pretty iphone with big tits, would you really need a Pole?

I'm not sure what use an Iphone with big tits would be.

With the right apps, it would be a big seller in Japan.  :D
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane—Marcus Aurelius
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