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Re:China has built the world’s largest bullet-train network by adventured on Monday January 16, 2017 @03:27PM (#13412722)
The US is in fact ascendant, not in decline.

You're using the rail example to imply downfall, and yet the US economy has embarrassed the Japanese economy the last 25 years. In the mid 1980s, the US and Japan nearly had the same GDP per capita; very soon the US will have twice the GDP per capita of Japan.

You're implying rail is so beneficial to economic growth, and let's say I agree with that: and yet the US has been embarrassing most of Europe on economic growth for the last 20 years (Germany's economy hasn't expanded in ten years for example).

If you were right, US GDP per capita should be far lower than the EU or Eurozone, when the exact opposite is the case. Germany has a GDP per capita of the poorest US states (it's nearly on par with West Virginia currently). France nearly has the GDP per capita of Puerto Rico.

I don't believe your premise has any legs to stand on based on the facts. The real implication here is that the US would be staggeringly far ahead if it corrected some of its obvious flaws.

Re:China has built the world’s largest bullet-train network by tele on Monday January 16, 2017 @05:27PM (#13413598)
These are demonstrably false claims.

GDP Annual Growth rate from 1996-2016 in Europe was 1.7%, in the US from 1995-2015 it was 2.1%. [World Bank, Trading Economics].

The German GDP per capita grew from $36,000 to $46,000 from 2006 to 2016. [World Bank], and it ranks in the mid 30's out of 50 states. [Wikipedia].

The per capita GDP of Puerto Rico is $28,529, the per capita GDP of France is $41,329. [World Bank]

For a fair comparison between the US and Germany/France, let's examine the inequality adjusted Human Development Index, as measurements that do not account for income inequality obfuscate the reality of most citizens.

Germany ranks 6th, France ranks 18th, the US ranks 28th. [Wikipedia].

Re:China has built the world’s largest bullet-train network by skybrian on Monday January 16, 2017 @03:50PM (#13412884)
I'm not sure GDP per capita makes sense for this comparison when ownership is distributed so unequally in the US. Taking the mean is basically dividing up wealth equally and that's not what happens.

What is there about the German standard of living for typical citizens that compares unfavorably to the US? How can this be measured? No single number works, but I would suggest looking at medians ahead of means.

Re:China has built the world’s largest bullet-train network by aninhumer on Monday January 16, 2017 @04:15PM (#13413109)
There are some Median Wealth figures on Wikipedia: https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe...

The US apparently has about half the median wealth of many European countries, although notably not Germany, which is comparable to the US on this metric.

But I'm not sure how meaningful this is or what factors might be affecting the numbers. (And I'm not even exactly sure what's being measured.)

Re:China has built the world’s largest bullet-train network by flukus on Monday January 16, 2017 @07:39PM (#13414305)
Not sure how seriously that can be taken either. Australia is so high but most of that wealth is in over inflated property values.
Re:China has built the world’s largest bullet-train network by NamTaf on Monday January 16, 2017 @08:35PM (#13414514)
That's a symptom of broken governmental policy, not so much imaginary value. People still need to buy houses for them to sell, so it's not like the property bubble isn't backed by real money. It's just that people are placing disproportionate value on property over other investments.

For example, say your house went from 400k-500k in a year. For it to be 500k you still have to find a seller. Yes, there's a degree of paper value there however it's paper value only because other properties are selling for that. If you were to somehow remove property from being bought and sold, the money would just go into other investments. There is no way that 'most' of that wealth is wealth on paper in the form of property.

The reality is that Australian wages are very high comparitively. Australia is a wealthy nation.

Re:China has built the world’s largest bullet-train network by noonespecial on Monday January 16, 2017 @03:54PM (#13412918)
>Germany has a GDP per capita of the poorest US states (it's nearly on par with West Virginia currently)

Wow. I did not know or even suspect that! Funny thing. I've lived in both. I'd rather live in a closet-sized apartment in Germany than in a McMansion in West Virginia. It seems like there might be an ocean of inquiry behind that narrow channel of facts. (At least for me personally)

Re:China has built the world’s largest bullet-train network by taobility on Tuesday January 17, 2017 @12:57AM (#13415492)
Talking about GDP, I am not an expert, but just compared two examples: 1. ST3 project in Seattle metro area. http://soundtransit3.org/ This project will be finish in 25 years, with $53.8 billions in estimation, to construct 62 new miles light rail majorly. 2. The high speed rail project connecting Beijing and Shanghai https://en.wikipedia.org/wiki/Beijing%E2%80%93Shanghai_High-... And this project completed in 3.5 years (from April 2008 to Nov 2010) by constructed 819 miles high speed railroad between Beijing and Shanghai (averaging 186 MPH), and the total investment is $34.7 billion.

In summary, 819 miles HSR vs 62 miles LR, $34.7B vs. $53.8B, and 3.5 Years vs. 25 Years So compared with other countries, how much the inflation US GDP has?

Re:China has built the world’s largest bullet-train network by xbeta on Monday January 16, 2017 @05:05PM (#13413443)
Global influence is not just about GDP (not sure if there's a power influential index for each country).

We all know American culture for heavily depended on automative and roads don't work for most countries, probably only work in US.

Re:China has built the world’s largest bullet-train network by bjourne on Monday January 16, 2017 @04:48PM (#13413329)
Yes, but I'd rather pick free health care and five weeks vacation. :) Your numbers are correct, but I don't think they are meaningful.