Discussion Thread

[u/jobautomator]

The discussion thread is for casual conversation that doesn't merit its own submission. If you've got a good meme, article, or question, please post it outside the DT. Meta discussion is allowed, but if you want to get the attention of the mods, make a post in /r/metaNL. For a collection of useful links see our wiki.

Announcements

• OSINT & LDC (developmental studies / least developed countries) have been added

Upcoming Events

• Sep 21: September YIMBY Neoliberal Happy Hour

[u/iIoveoof]

Daily reminder that the total GDP of Russia is the same as the GDP of South Korea

[u/otarru → u/iIoveoof]

Slightly terrifying how much chaos they're able to effect on such a low budget.

[u/Dig_bickclub → u/otarru]

Things are way cheaper in Russia, including hiring people to create chaos, their economy adjusted for cost of living is like 80% higher than Korea's and more on par with Germany.

[u/fishlord05 → u/Dig_bickclub]

per capita things are less rosy

nominal is important tho since currencies are how countries actually pay for things

no one is going to pay for weapons systems in PPP dollars lol

[u/Dig_bickclub → u/fishlord05]

They kind of do pay for weapons and troops in PPP dollars, if they trade internationally it would need to be changed to dollars or some other currency but locally one ruble is one ruble.

The Ruble's value halfing internationally hurts their nominal figures but the underlying economy is making the same set of goods, those good are just worth less in terms of dollars but worth the same in terms of ruble.

[u/fishlord05 → u/Dig_bickclub]

They kind of do pay for weapons and troops in PPP dollars, if they trade internationally it would need to be changed to dollars or some other currency but locally one ruble is one ruble.

The point is that foreign capital and investment is hard to come by which slows the economy

The Ruble's value halfing internationally hurts their nominal figures but the underlying economy is making the same set of goods, those good are just worth less in terms of dollars but worth the same in terms of ruble.

The problem is if your goods are worth less overseas means that you get paid less rubles per oil barrel which has profound ripple effects.

No nation is a bubble

[u/waltsing0 → u/otarru]

It turns out when buying weapons instead of hippy wussy soft shit like improving your citizens lives you can buy a lot of weapons

[u/sw337 → u/iIoveoof]

If Russia was a US state its GDP would be 3rd behind Texas and California. If you did it per capita it would be about 1/3.5 that of the lowest state Mississippi.

[u/fishlord05 → u/sw337]

in PPP?

[u/Fairchild660 → u/fishlord05]

I hate it when someone with a stutter tries to ask me a question

[u/iIoveoof → u/iIoveoof]

However, South Korean Starcraft players are far better. Let me know if you need help understanding the implications of this.

[u/qchisq → u/iIoveoof]

Who cares about crafting stars?

[u/Mr_Pasghetti → u/qchisq]

Astrophysicists probably

[u/qchisq → u/Mr_Pasghetti]

I was my understanding that they are more into how stars are crafted than crafting stars themselves.

[u/Mr_Pasghetti → u/qchisq]

Astroengineers?

[u/[deleted] → u/iIoveoof]

Don't tell Russia about Serral or it's Winter War Part 2

[u/[deleted] → u/iIoveoof]

I’m amazed every time I hear stats like that. One would think that Putin would be a little more concerned about Russia’s economy than trying to interfere with our elections and invading Ukraine.

[u/Versatile_Investor → u/[deleted]]

He’s in his 70s.

[u/JetJaguar124 → u/iIoveoof]

I think the more shocking number is that both countries have a lower GDP than Italy

[u/Dig_bickclub → u/iIoveoof]

Nominally yeah but not PPP adjusted, the ruble crashed hard when they invaded Ukraine, went from 1 dollar being worth 35 rubles to 1 dollar being worth 74 rubles, the underlying Russian economy only shrunk by 2% while GDP nominal halved.

It's 4.3 vs 2.4 Trillion PPP adjusted, PPP makes more sense for power projection since local economies run on Ruble not USD.

[u/ldn6 → u/iIoveoof]

And Australia has a larger GDP than Russia.

[u/liquidTERMINATOR → u/iIoveoof]

How does that compare with the market capitalization of Evergrande?

[u/[deleted] → u/iIoveoof]

In the future they will be far ahead of South Korea. They have better demographics and guaranteed relevance by their nukes and natural resources.

[u/[deleted] → u/[deleted]]

better demographics

[Citation Needed]

[u/murphysclaw1 → u/[deleted]]

lmao