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Comment by a_c_s | Hacker News Reader

Russia has neither free speech nor free elections.

http://www.bbc.com/news/world-europe-25299116 http://www.theguardian.com/world/2007/nov/30/russia.politics

China has none of the above and is now the world's largest economy. Doesn't seem to be an impediment to doing business, does it?

http://www.marketwatch.com/story/its-official-america-is-now...

>China has none of the above and is now the world's largest economy. Doesn't seem to be an impediment to doing business, does it?

sounds like you've never did business in countries like China or Russia, or did business at all.

Western companies have no problen doing business with China or Russia.

If you have a problem then that's on you. The politics in China has not stopped entrepeneurs from heading east.

The US is the world's largest economy, roughly 70% larger than China in fact.

That's a bogus article, that is more link-bait than substance - which is why nobody has taken it seriously. The author is patting their self on the back for forecasting an event they then self-proclaim to have taken place.

"So a Starbucks venti Frappucino served in Beijing counts the same as a venti Frappucino served in Minneapolis, regardless of what happens to be going on among foreign-exchange traders."

If a person in China making 10% of my income can buy as many Starbucks coffees as I can, that does not mean we have the same economic power or scale. I can buy a BMW, and they cannot, and that tells you the real story.

Not really. The real story is that the GDP per capita of the more deregulated Chinese provinces doubled or tripled from 2000 to 2010.

My Chinese friends tell me that there are tons of BMWs driving around. Looking at the numbers, it seems that BMW's volume of sales in now greater in China than in the U.S.

The US is the world's largest economy, roughly 70% larger than China in fact.

I saw an article recently that would contradict your assertion:

http://uk.businessinsider.com/china-overtakes-us-as-worlds-l...

For that matter, I doubt any country has free speech or free elections. Some countries only are better in making citizens believe in opposite than others.

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