14 February, 2011

Statistics for dummies

It is hard to think of a more useless statistic than this, which is all over the news media: that China has overtaken Japan as the second largest economy in the world.

What are you going to do with this information?

If China were to be divided into ten smaller countries, each with a population the size of Japan (127 million or so) they would all be very poor nations indeed.

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