But here I submit a simple visual aid - The Alternative Medal table.
My premise is very simple, that the wealth of a country (or relative lack thereof) measured by its GDP per capita, should be used to weight the medal tally. In some simple way this is a measure of the amount of funding available to train an athlete, even given the inequities that exist within nations. In any case It should be a better measure of the performance of a country than a simple "flat" medal table. I make a further subversive leap in taking the total medal tally rather than weighting gold as more valuable than silver etc. This is partly because I hate the "winner-takes -all, second-placers-can-expect-to-have-their-countries-invaded" ethos that infects the proceedings.
Anyway for what its worth, here is my alternative list current of 7th August, and I endeavour to keep it updated until we can all get back to the usual round of economic crisis, war and hopefully revolution.
UPDATE: I noticed since I put this around 24 hours or so ago, that the Guardian now have statistical material amounting to Alternative Medal tables on their website. However none of their combinations amount to this table here, which is now updated for today's events
The Olympics 2012 Alternative Medal Table - 7 Aug.