The Richest Countries in the World
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- Опубликовано: 10 сен 2024
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Do you agree with the rankings? Or what are the world's richest countries, in your opinion?
(also yes Dubai is part of the UAE, my bad)
According to the GINI index, I would say that in Bulgaria we're equally poor :D
Why didn’t you say Nigeria? It isn’t racist ,but due to you not saying their name just disrespects Nigeria
Srbija best country
3:05 you painted Crimea not Ukrainian ? dislike
Edit: on the other hand, not on the other maps. OK, like, but be careful in the future ! the video is great otherwise !
I'd say to count how rich the country's people are we have to multiply Gini Index by GDP per capita and by somethinglike BigMac Index
Germany: My economy is doing great
EU: *Our* Economy
Haha Ikr.. greetings from the Netherlands.
😂 Litteraly laughed my ass of as a german
Hahahahahahaha
Lol so true 😂💯
UK. I’m going home
"or this country here" youtube really doing us like that
Nigeria if you were wondering
I swear I was about to post this 0-0
I knew it. it was nigeria
YT and the bad system
sykahh why couldn’t he say nigeria ?
Moldova and Belarus be like: we might be the poorest in Europe but at least we are poor together.
Actually that's what it's like in a socialist country
@@flopunkt3665 it was they were poor so they decided to take a try of socialism, and failed.
@@spqr950 all of Europe was very poor back then. That's why so many Europeans migrated to America.
But Western Europe made some tremendous progress, while Eastern Europe just stayed poor. And that's what I blame socialism for.
@@flopunkt3665 Ah, not the same history period. Large scale migration from Europe to the US ended by the era of Victoria, when Soviet Union was still Russia Empire. And these eastern European countries, some of them were former soviet members and the others were vassals of soviet after wwii. these countries were either destoried in wwi or wwii, and some also had pressure from mighty soviet union so they could only choose socialism. they were set into soviet economic system and forced to only produce a few kinds of products. thus only the soviet union could have all the goods and these countries could only be poor under the oppress of soviet union.
so by the time these countries chose socialism, the other half of europe was quite rich. and these countries failed not because they were socialism or you cannot explain china nowadays, it was because they were vassal states and could only serve soviet union that made them poor.
@@spqr950 I am not defending socialism but that is not exactly as it was. Lets take for example Bulgaria, Romania etc, if you check some of the statistics ruclips.net/video/IjOkinxXd_s/видео.html this is just an example, you will see that the soviet countries were top producers of certain resources. After they became democratic most of those countries disappeared from these statistics, just look the change after 1990 . Yes the people were poor but they were able to use services and goods for free, whilst in the West people were paying handsome money amounts for those services. Its a double edged sword and there are pluses and minuses on everything. Neither the socialism nor the capitalism are perfect systems.
General Knowledge: *points to Nigeria* Or this country here
*Top 10 ways to avoid getting demonitized*
The Stan countries (Insert Afganistan)
Why would Nigeria demonitize a video? What problem does yt see in aying the name of a country?
@@fredmdea785 because it is similar to the N-Word
@@mariosschaf1189 I got it
Nigeria (Lagos, Abuja) is not Niger (Niamey)
We’re not the richest but still the best. We have the best capital city, culture, and healthcare
and you have a dummy thicc leader
You also have the best government and food : D
And also no covid cases
How dare you insult are glorious leader, the all mighty Kim Jong Un
No my country is the best!
USA: I'm the richest country-
Qatar: Uno reverse card.
luxemburg : hold my beer
😂👍
qatar isnt the richest country :/
@@kazuha1146 here a cookie 🍪
@@MrPegman02011 In gdp percapita (ppp) qatar is richer
„This Country here“
@@elvisionario9466 Its called Nigeria for there people who don't know
Only a Portuguese speaker could pronounce “São Tomé e Príncipe” like that.
Or just about anybody else willing to learn properly.
I think he is Portuguese, he labelled Portugal as one of the world's oldest countries and it's Navy as the oldest in the world.
Yes, he's Portuguese.
EXACTLY BRO WHEN HE SAID THAT I WAS LIKE ''w-wait, let me hear that again'' EVERYONE PRONOUNCES IT AS A MIX OF ENGLISH AND SPANISH ASGDKONAGVBPKYHF SD
He is Brazilian :D
UK : we're rich
India : you're welcome
India is not rich india is poor country
HuNtEr K u do realize the British tea industry is thanks to looting most of India right?
@@nishk6617 open your eyes
@@nishk6617 Actually it's more like the enitire Indian Subcontinent including Pakistan, Bangladesh, Bhutan, Nepal and Burma.
@@nishk6617 shut up looter
Bro this list is so wrong! Zimbabwe should be listed as one of the richest countries. Under the great Robert Mugabe everyone in Zimbabwe was a Trillionaire
Indeed they were
Eritrea is richer than Ethiopia
They were. But its value is lower. If we convert in U.S dollars they would be 69$ a month
Famous Kat N I C E
@@gutsjoestar7450 disagree. Lots and lots of millionaires (most people), many billionaires and some trillionaires. Just check how much they were earning.
Countries that do well across all four criteria:
Germany, Japan, and Canada.
Except in the GDP growth, it's 0-2% quite stagnant or plateaued from my point of view
Nordic countries, Switzerland, Netherlands, Austria ?
Australia & New Zealand?
South Korea? France? Italy?
Spain, Austria, Ireland?
You could've made scorings, standardized your scorings, and add them up to get a general scoring based on all 4 to get you an idea of who would be the riches taking into account all 4 traits.
My guess is Germany or Canada.
@@Skyl3t0n That's what I'd like it to be, but I don't know if that's actually the case. Might have to look into the data myself.
7:47 Little Liechtenstein is second, I’m so proud. They grow up so fast
They are literally older than the US but I get what you mean, but for that they would have to get bigger, wouldn't they?
U get so many likes avery
Oh boy, Lichtenstein abused the european tax sytem for that "growts".
⚠️〽️🔱ALERT:STORM IN UK
@Justin Case you have literaly Just heard Journalist. No doubt there is some of that but 40% industry workers says sth Else. They manufacture things and kept their goverment pretty small and are not Just a financial power house.
I loved the small detail when you said Scandinavian countries AND Finland. Many people still call Finland and it's really annoying as a Finn. Great video and loved the small details.
Kalm
nordic
Yes. He know how to separate the different regions in the north.
But he also said, after the ad, Middle East COUNTRIES:
Saudi Arabia
Turkey
Dubai
United Arab Emirates
Dubai? When did that city become a country. When I was there in March, it still was a city in United Arab Emirates. OK. Dubai is also an Emirate, but still....
Finland is Finland, not Scandinavia. Hälsningar från Sverige.
@@AndySwede58 i may be late, but he said the mistake and its pinned in the comment section.
"Or this country here" 💔💔 😂.
Nigeria sounds nothing like the n word.
Nigeria Nigeria Nigeria Nigeria Nigeria Nigeria Nigeria Nigeria Nigeria Nigeria, see it's totally different, nothing wrong with calling out the country's name. 💔💔😔
tell that to RUclips
Kkkkkkk
RUclips’s algorithm is still too dumb, they sometimes include words close to slurs incase someone is using it as a code word. Hence no Nigeria.
Ooouuuu im telling😂
@@KayJblue pretty scummy to censor a country's name imo.
Why did you say “THAT COUNTRY” for Nigeria
becuase RUclips thinks you're saying le n word
Charlie Swan demonitization
Charlie Swan yeah
RUclips needs to chill with this algorithm.
Yes , that country is Nigeria.
11:59 I passed my finger over the line checking for a crack lmao
Breh
5:44
"Followed by turkey, *Dubai*, UAE"
Me: "What?"
why a small 't' for Turkey thanks
@@cancanbatu Oh sorry i didn't know this is a *"Big deal"*
Really only a small t?
Ikr. Dubai is in the UAE lmfao
@@user-jz7xp6lr6l u are talking about him saying uae and dubai differently right?
I got confused by the t guy lol
In a nutshell, Scandinavia, and Western Europe is richest.
@Sharnie Gujjar what's your definition of "western world"?
@Sharnie Gujjar if you are including all of the Americas, then the UK is quite distant from the worst
@Sharnie Gujjar thank you for your perspective. As a Latin American, I can say we generally consider ourselves very western (the economic definition of "west" is considered absurd by us). We just call the global north the "first world" or "developed world".
Sharnie Gujjar Switzerland, austria, germany, the netherlands, belgium, luxemburg, monaco, iceland and liechtenstein arent scandinavian but still very very rich
You must say #noNazi we Germans are very sensitive about being proud about our country
Pls don't take to serious but it is kinda so
Ja ich bin Deutscher und nein ich trage keine Lederhosen🇪🇺🇪🇺 Eu beste
Countries should be listed on purchasing power parity and also the top source of income indicating sustainability.
I see you counted Crimea as a part of Russia...
yeah because it is a part of Russia.
@@DefyDistrict It is part of Ukraine and not Russia. Ukraine and 114 other UN member states do not accept the Russian annexation.
omfg than how about you go to crimea and say its Ukrainian then
@@DefyDistrict Petty simple, russian nazi should move their solders from Crimea away and then I can be able to do it.
78, are you russian mate?
6:17 or this country here lol
Its nigeria
@@memesbybigchunges6856 yeah I know lol
@@memesbybigchunges6856 it's because of demonetization, he obviously know wheat country it is.
@@johskr2223 ik but why is RUclips so stupid
@@memesbybigchunges6856 because of edgy commentary channels in late 2016 I think, not too sure though
Me as an African seeing this👁️👄👁️!!and not even one single country is there😂😂
Dont be sad brother... 😊 Every people should be grateful with their life🙏
This country here, ah! My favorite county!
Me as a person from Switzerland starting to watch this video with hope :)
chlar, mir alli..
Oh, so you're from Switzerland
Pls give me some money, I know you have a lot.
@@tilerloh892 😂😂😂
So are you from the German, French or Italian region?
I just watch this video to see switzerland metioned
The Gini coefficient chart only includes data up until 2005. Income Inequality has really increased A LOT Since then.
6:17 that is Nigeria 🇳🇬
Nina Wicks I think he didn’t want to risk saying it wrong and getting demonized lol
@@blakehill5324 you got it :D
this whole channel is one big 5th grade school presentation, and i LOVE it
it would have been cool to see the combination of the 4 criteria matched to show which countries did the best at them... very nice and imformative video...thank you
I am from Luxembourg and I can tell you that the result of GDP per capita is biased because it doesn't take in account the 200k border-workers who work in Luxembourg but live in France, Belgium and Germany. If we take those workers too (and we should, since they also creat wealth), the GDP per capita is much lower.
Nice video, keep going on !
I think I saw the same reasoning in a report made by Liechtenstein government. Instead of using GDP per capita they used another index because they have a lot of commuters from the neighbouring countries
How do they work in Luxembourg and live abroad at the same time? I didnt really get the comment
@@danielbozza they live in Germany/France/Belgium near the border with Luxembourg. And because of the Schengen area, travelling in and out is easy
Big brain idea: Multiply Gini coefficient by GDP per capita, and divide by the Consumer Price Index!
Divide by Gini coefficient, instead, 'cause the higher, the worse
The Philippines: *stonks*
The Philippine People: *laughs in starvation*
Cringe
Sad😞
@@endcolonialtreat3997 you are cringe
@@khatri664 uhhhh there's a button for the to translate word to english and it say now
@ok I’m Filipino too. My family would be considered rich here. But look around you. Go to the city. It’s fucking depressing. More than half of everyone you know is barely eating.
"I'm going to use these four criteria"
"No, wait, I'm not. The criteria doesn't work" 😂
If a country has health care, child care, elder care...those countries are rich. They may not appear on the list, using criterion used here, but they have the foundation for happiness scale. Foe example, if you become sick in some countries you can go from rich to poor quickly.
USA: im first yall terrible with money!
China: pfft everything you sell is made by me ...
USA: idk im RIIIIICH !!!
China: I steal all your ideas and don't respect human rights. That's how we are rich
@@majesuhernandez3965 and US respect human rights? *cough* *cough* BLM *cough* *cough*
Pakistan will be 16largest gdp 4.8trillion 2050
Thanks to us. We got rid of our industry for a reason.
@N Shivam Kumar Brah. Im in neither of these countries. Ofcourse I get to say it.
I think it is interesting to notice that one country in the world doesn't use the common categories to measure the wealth of its people: Bhutan. Rather than using GDP or such, it uses the GNH, or Growth National Happiness. In Bhutan, being rich litteraly equals being happy. That's a pretty nice way to see it.
5:46 he said the highest GDP in the middle East are
Saudi Arabia
Turkey
DUBAI
UAE
DUBAI is part of UAE
Mistake
lol you're right
He wached yakoo more than he should
He avoided Israel
@Russel Lord Israel is the biggest aid receiver per capita, the media been beefing it up. And yah without aid Israel economic as countries would be worst than Dubai economic if we make it country
The Netherlands Is Rich!
*STONKS*
Funny how covid map is so similar to this, right?
Go to a poor country, never get covid!
Where would you rather live
Like Europe
Comment America
Danny Kettle I already live here, so, note:nothing against Europe, I’d definitely travel to Europe if I had the chance, or any relatively safe place to travel with good sites to see, but I like it here 🇺🇸🇪🇺🇬🇧🇬🇪🇦🇲🇷🇺🇺🇦🇮🇸🇦🇿(if you’re flag isn’t here, I either couldn’t find it or it’s in the EU, or idk if it is, and this is in no order)
Stephen Jenkins yes Ik, but there’s ignorant people, from everywhere, that’ll try to say something bs and I wanted to make myself clear from the start
This is such a cheap way to get more people to say Europe. This strategy has nothing to do with actual preferences, it's just about laziness. Most people would rather just like than comment because it's quicker. You could do this with literally anything and which ever is the "like option" will always be higher.
Comment 🇺🇸
America.
Nice background music, man. Too nice, actually. There were certain moments where I was listening to music more than watching the video
4:22 "Most of us don't spend our time learning"
Me watching this video... "Wait wha-"
At 6:17 "...and this country, here."
You mean Nigeria? The largest country in Africa in terms of population?
Omar why if he says Nigeria's name he would get demonitized please explain i am trying to understand how RUclips is being a totalitarian trash
@@asssww11 easy, cuz of N words.. remember Pewdiepie got numerous law suit regards with demonetise? Yeah, he may not say N word but still its utube thing
Elie Ghanime because RUclips algorithm is trash
Didn’t want to get demonitized (Niger-ia, youtube is stupid)
I don't like ads, this is why I pay RUclips Premium so it bothers me when videos have sponsor spots.
Você que lute
Just kidding, sorry kwjsksk
why would you pay when there is adblocker LOL
Yeah ikr,like who cares if you need sponsors to be able to afford to make content
*Scoffs in entitled*
@@thetechoasis2179 maybe he's using Android, I mean u can still use some species of adblock and u can use a modded youtube like me (RUclips Vanced)
@@thetechoasis2179 because you might want to use the mobile app?
I absolutely love the way he pronounces countries like the Portugese countries
6:47 "Mongolia and Stans in Central Asia"
Pakistan (in South Asia and painted same colour as Malaysia): *Why are we still here? Just to suffer?*
Bhai Malaysia bhi kaha bola usne us chej me
Finally a Pakistani
@@iamaliveineverything.5452
Malaysia usse pehle bola tha jo "good" ki category mein aa raha tha.
Mongolia is east nt central....rest of the stans r central
He said the stans in central asia pakistan isnt in central asia
Everybody’s gangsta until the US has to pay their debt.
after what china has done they can forget about it
dor Debt is debt.
@@Ludovicus1769 until china decides to unleash its viruses on the world
@@dors.sc1 no, it will be fine. Now pay your debt
Yeah lol, it has the highest GDP and i am wondering why it doesn't pay the debt, they should just pay it with that amount of money lol
I saw a video that Thomas Sowell made that discussed 2 major geographical issues with Africa, which are the lack of navigatable rivers and ports.
I live in Canada, in a small town. When I went to Panama this winter, I found out that there are no need to plow roads, salt or sand them, no need to heat ones home, no need to store up crops for winter, insulate your house.... So although we are quite hard working and rich and fairly egalitarian here, we also need to be. Life is harder here. It is wonderful and I am glad to live here but we do need more resources to survive up here then they do in the tropics. Of course they have other issues there but I still say that the baseline costs are much lower in tropical places so less $ are needed per person
Well, kind of. Tropical countries usually have problems with diseases and there's also the need not to insulate, but to refrigerate. In contrary to northern countries who only have to use those resources for heating in the winter, we have hot temperatures all year round. So in the end, it's kinda of the contrary
Awesome Tom 👍👍 Nice analysis bro 👍👍👍👍
@@unterplaink1526 True, and also the tropics is a large and varied place. Panama though, Costa Rica too, I bet that if you tallied the hours an average person worked to live there with basic necessities then over the course of a year you would find that there is a lot less work needed. Less then half the clothing, no skis, skates, snowboards, boots,etc. No insulation in a home, no wood to cut, split and haul for heat. Surely refrigeration is a bigger issue as are insects, disease and fungi. I need a heating and cooling unit here. Where I live we get deep winters. There is a lot of snow to plow. Winter is amazing, but my baseline stuff load is more then double what I would need in the tropics
@@tomkelly8827 bro it's been a year
The philippines was the richest in Asia long time ago :(
Rip Rich Philppines 1960-1982
phillipine is still rich, but another country grow their wealth and surpass rich country before like phillipine and thailand
for extance South Korea, they grow from zero to hero
That’s not right China became rich In the 70s
Benjamin Rich Yes, and Hong Kong, Singapore and Taiwan become rich at 1960-2020. So Philippine is not the richest in Asia !
Bulshit dds
Why don't we try vote BBM?
Thanks a lot in this video. I really learn a lot of new things in here!!
this guy just said ''or this country here (Nigeria)''
Because people go crazy saying " OMG!HE JUST SAID THE N WORD!HE'S A RACIST!"
"This country here" ... Its Nigeria
why is brazil listed in top ten most unequal countries, but there are countries in the map a darker red that were not listed in top ten?
My soul in Heaven: Iceland looks so peaceful and nice. I want my body to live there!
God: Interesting! Here. **snaps**
My body after being born: Wait, this is Moldova!?!!
When you’re so rich you’re mentioned twice under different names
**laughs in German**
Distribution of wealth is dumb. Would you say a Communist country is wealthy if all it's citizens had $1?
Exactly.
Countries that I'd rather be living in.
As a student soon to go to university I really wouldn't change my free state healthcare and universities republic for USA for example, where I won't get either.
@@liborkozak8938 thats because your not deserving of it and probably studing some rubbish like gender studies
Bailey Bey That doesnt even make sense, here in sweden your chance of being accepted at a college completely dependant on your grades, how can you say that you have to pay for en education to deserve it? We already pay it with our taxes.
@@liborkozak8938 I would change the free healthcare and universities to be able to study in the US
GafanhotoGamer
Well not USA 🇺🇸 and Italy 🇮🇹
Russia "stretches from the Baltic sea to China"
General- Let's have a look at Moldova!
Russian empire stretched to the Americas and the doorstep of india
European Union: "Together we will be #1!"
USA: How cute
to be honest your GDP per capita and wealth distribution were pretty rubbish compare to most European countries so I don't know why you've suddenly taken it upon yourself to boast about your country
@@judedolan6220 EU is just a union of multiple countries, USA is just one country, and no its wealth distribution is not bad, an average US citizen has much more money than a citizen living in an European country so your comment is nonsense, and when we compare just ONE european country to US. European countries will always lose in almost everything we are comparing to thats why you compare an entire continent to one country and you still can't win, loser.
@@mike.mentzer_enjoyer Is your personal wealth fixed to your nationality? Does the amount of money you have, provide a good life to you? The USA has a bad record in public services and wealth distribution (and socio-economic mobility).
Well, seeing Belgium as a country with a lot of equality makes sense as we pay the most taxes in the entire world 😅
using which data?
@@godemperorofmankind3.091 his wallet
None of these parameters indicate wealth. You should take into account the percentage of population that has its own real estate, average salary and pensions, size of foreign investments (per capita?), international credit rating, external debt, size of population's savings in the banks, etc. Then there would be some sense in judging different countries and their "wealth".
There's no study or link that can document that. We work with what we have
These are some very interesting facts duse. Keep em coming.
Its "interesting" point of view to claim that the amount of money going to the state woud be indicating that it generates the quality of life. As a citizen of a nordic country I know that the high level of tax also makes the public sector to grow and become a burden.
12:40 income equality is not necessarily fair people who contribute more should obviously receive more.
Also high income equality equals less economic growth .
Norway laughs at you rs
The best country that ever existed was Yugoslavia. The wealth distribution was very equal, it had the 11th biggest economy in the world, and even though the pays were a little bit lower, everything was cheap so it wasn't a problem.
And then Tito died. And the Soviet and US money stopped flowing in. And then....
The stupid war ruined everything 😒
I'm impressed how you never mensioned the Netherlands, even though they were (almost) top tier in every category
irrelevant country🤷🏽♀️
@@blancavelasquez9859 tell that to the east indies.
Its also funny that our biggest company ever has more money than almost all countrys
Only china and the us stand higher than the voc in gdp
@@dimactavicus tell it to me.
Hi, is there already comparison video by country on forest cover, remaining forest and historical CO2 contribution? If there's none could you make one? Thanks in advance.
Surprised to see india ranking good in GINI, even more than some developed countries like USA, Italy, Uk, South Korea, etc.
So Canada, Australia and New Zealand are the places to be?
*US wage difference:*
Average: $30 an hour
Bill Gates: $100 per second
Yeah, but that price for Bill Gates is definitely not fixed.
I have once read that when Bill Gates drops 100$ it isn't worth it to pick it up because he makes 300$ at time picking up would take.
@@MaelPlaguecrow6942
No, but I wish my annual salary was what he makes on a slow day.
@@liborkozak8938
If you're joking, I'm laughing.
If you not, I"m gonna start walking behind him.
@@firstnlastnamethe3rd771 in march 2018 Jeff Besos was making 100 000$+ in the amount of time, that you spent on typing your last message
its pretty annoying how you assume wealth should be redistributed
I mean, when you steal the land of a lot of people, go to war with them, etc just for some affordable bananas... yes we should
The whole of Europe is mentioned three or four times and the Netherlands not even once...
@Kay Theo austria is mentioned
You can't be mentioned when you aren't in a top 10
Dubai is not a country!! It’s a city in the United Arab Emirates!
Every country is rich in there own qualities.
Heh I loved how that red cross appeared when talking about proper investments of the USs money
Everyones wanting to see their country and I dont even need to see this video to know where mine is..
Good video 👍. Keep it up 👏
China: has a GDP of 14 USA: those are rookie numbers you got to get those numbers up
Any chance you want to do tax rates per country? Could be an interesting factor with regards to how rich a country is.
For instance, South Africa's income is lower than most countries yet the tax rate is quite high and seems to mostly affect the middle class, whilst in the UK, income is generally quite good and the tax rate seems to be a lot lower.
which tax rate? and for which class of people? there's a world of difference between corporate tax and income tax.
Good job thanks your explanation is really good
Everyone! Lets call Nigeria from now on "This country here"!
Ive seen other channels call it [Redacted] or [Data expunged]
@@jesusramirezromo2037 that means they don't have information on it or it is deleted or they don't want to mention for security reasons
The system would think he said n word
No, call it the N country.
"Rich" coincides better with accumulated value, i.e., wealth. Approx. 1/3 of the world's wealth is owned by Americans.
I wouldnt brag about that, America steals its wealth from Africa,India and the middle east mostly :)
@@thadramallama when you realize the US is mostly self sufficient but allies like oil and other recourses as well
@@thadramallama If I recall correctly, French and Belgians stole African Wealth, British stole Indian Wealth and the middle east is a hell zone. Don't make it like it's just an American thing, those countries I listed are guilty as well.
You forgot to mention that 0 income inequality would be terrible for the economy
Gdp growth rate on libya and ethiopia: *STONKS*
Brazil in top 10, that surprised me.
Master M7nd it’s got the 6th highest population
Luke Vaughan 5th biggest country in the world and 5th most populated not 6th.
Josué Gabriel nope: China, India, USA, Indonesia, Pakistan, Brazil
We were doing even better some years ago, but everything changed when the economic crisis attacked...
You have so many resources. I can't wait for you to do well
Well done.Easy to understand.
Income inequality should be considered a good thing, as defined here. This would indicate opportunity, high inequality means that those who are capable of making money have the proper environment to do so.
Exactly.
Nope. I'd say income equality may not indicate a good economy, but a horrendous income inequality is detrimental for the population and may cause maladies that affect opportunity. Most countries with high income inequality have pretty piss poor economy stability. Even Brazil and South Africa squanders their potential economy with their grossly high inequality. I'd say inequality may be more of a symptom of systemic problems. However, it does nothing in help with opportunity. Some countries with lower inequality rank high in terms of economic opportunity or easy to make business although I don't think income equality has a correlation with these factors as well. It is just a reflection of how income is distributed than a real economy indicator related to growth or opportunity of making money.
@@ddwkc Point 1
If there's no money to be made, why would talented people go there? Answer..they wouldn't.
Point 2
Don't confuse the effect of corruption and dysfunction with inequality.
@@user-cx2bk6pm2f Point 1? There is money to be made in countries with low inequality. People of talent go to these countries too. Opportunity to make money isn't linked with income equality or inequality. USA has high inequality, but attract lot of business. Still USA would be mid range in the inequality scale. Inequality is more of a symptom of systemic problems while equality may be results of social policies and reforms which may not affect business opportunity (like in Nordic nations) or may do affect negatively (like in some of the Balkan nations). Those who are capable of making money need proper environment/policies to do it. Just check the ranking of ease of making business. Most of the top 10 have low inequality. Still I'd not correlate income equality with business opportunity like you doing trying to equate it with high inequality without proper examples.
Point 2. People point out corruption, but most places are corrupt as fuck. The difference is more the lack of proper institutions to tone down the negative effects of corruption. Lot of African and Latin American nations severely lack in this aspect. That's why they are dysfunctional and corruption is rampant. Inequality is just one of the symptoms of this problem. Japan and South Korea are corrupt as fuck, but they have solid institutions to counter act it and function properly and can manage a somewhat decent score in GINI compared to other Asian counterparts. You are the one making this confusion.
No, not necessarily. Income inequality nowadays is caused by money printing. When new money is printed excessively, the new money mostly goes to the richest. This is described as the Cantillion Effect.
“This country here”
Where you get this data..i search in gini via wikipedia..showing differently than yours..please be more accurate..
We already knew Switzerland was on here
Maybe not..it’s just on average money
6:18 respect you for not saying the no no word lmao
You are very honest man , I respect it
Points at Nigeria: “this country here”.
WTF
Lorenzo RUclips will have though let he said the n word so he didn’t say the name
James Martindale I mean... only if he pronounce the word incorrectly, which I guess it might be possible given the fact that clearly English isn’t his native language, but... still, not a hard one to learn I think.
@@jamesmartindale8968 why did not he say the letter n?🤔
Some people dont know what Nigeria is
anonymous User no, it’s because he doesnt wanna get demonitized
Kind of expected my country to be on that list 🇱🇺
What flag even is that? Some irrelevant country 😂
@@captaindiego228 Luxembourg
great video!!! Thanks!
So why in USA people aren't have enough money and homeless people growth by day.
it is shown on third chart, GINI index
The poorest people in the USA would be rich if they lived in a lot of the actual poor countries
@@antares-the-one The GINI index isnt too accurate for the US as it is such a large country with different areas that have different average wages, taxes, and costs of living
@RetroGamerV32
Both Blue states.
5:44 get out of the sponsor
Crimea is part of Ukraine not Russia as shown on your map. Their illegal takeover is not recognized.
7:42 "(gdp per capita) misrepresents wealth"
what are you talking about? it's a much better measure than pure gdp. that one mostly shows how large a country is. gdp per capita shows much better how well off the average person in a country is.
For the most part, yes. But Equatorial Guinea has one of the highest GDP's in Africa and yet 75% of the population live in poverty while the president and son control virtually all of the wealth.
HDI is a better ranking