901–910 of 944 posts
I live in Poland. This headline is misleading. Poland didn't build a top-20 economy. Western Europe and the US built their economy in Poland, because the labor is educated and cheap. There are almost no globally competitive Polish companies. The "growth" is branch offices of German and American corporations taking advantage of engineers who'll work for 40% of Berlin rates. Remove the foreign-owned sector and you're l…
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> Corruption like this is almost non-existent anymore. Was very much the case 10 years ago and earlier. Docs make serious money now, they don't need to risk it with bribery. Go to a hospital where you need to be operated. Look at the queues to see the ordynator and how people behave and talk among each other how much to give. have you been to a hospital recently? I have, I visited the parents of a freind and actually…
> you have to pay. Do you get a reimbursement? Maybe 50% if you hit the right drug. Again, that's bullshit: https://www.gov.pl/web/zdrowie/od-czego-zalezy-cena-leku-ref... There's over 2800 free drugs right now. Over 3800 for seniors. > Please do your homework before discussing. The fucking irony of this. EOT here. I am not gonna exercise your anecdotal stereotypes. For the record, I did hear about bribes even recent…
I am genuinely curious how much time over the last year you spent in a hospital in Poland, in hours. I travelled to Poland several times to help my friends there and spent weeks out of my time off, so if you fucking have no idea -- please do not bring it to the table, ok?
At some point there is some decency you need to have when you "have heard about things", as oppoed to have actually lived though it.
I will leave you with this - if you can read in Polish: https://direct.money.pl/artykuly/porady/smutna-rzeczywistosc...
Have a nice day.
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> There is also no risks for capitalists So you argue no capitalists ever lost money? It happens all the time, the risk is real.
The risk is absolutely real, and varies immensely, as does its significance. Consider the risks of VC backed initiatives, which far more often than not, return less than market salary to entrepreneurs, and less than the S&P 500 to capitalists. For a shot at the jackpot, entrepreneurs are risking substandard salaries, and capitalists substandard returns. You could argue that the capitalist’s risk is more significant t…
once people get honest about this - that VC losses tend to be tax write-offs
& that prior to the VC model - you investors with skin in the game via equity | debt.
then maybe people will stop hyping up VCs and start doing things in a sustainable manner.
but to the gilet wearing hierarchy on the coasts - I'm being a heretic.
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I'm curious what this means in real terms from the perspective of a Pole. GDP/capita is often a relatively useless metric in modern times. For instance Ireland has one of the highest GDP/capitas in the world -- around 50% higher than the US. But that's because of economic games with their working as a tax haven to enable corporations to avoid paying taxes to their home countries. It doesn't translate to anything for…
> GDP/capita is often a relatively useless metric in modern times. "Often" is the wrong modifier. GDP/capita aligns very closely with material standard of living for the median person. If you look at the GDP/capita growth in India and China since 1990, or South Korea, Singapore, and Taiwan, since 1950, that reflects very real increases in material standards for ordinary people. There's two, relatively well-understood…
And those values are even more detached than the inequity there makes clear, because for about 90% of that time wages were completely flat (and even declining) while GDP/capita kept booming up up and away. So the connection between the two has become very weak while in the past it was quite strongly connected. And that's just one random example - pick most of all those desirable metrics and it's a similar story. GDP just doesn't track with them so well anymore at all.
And when you try to compare between countries GDP becomes completely farcical as the ability to produce a zillion dollars of services doesn't translate, or even have much to do with, the ability to produce a zillion dollars of things.
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Belarus developed much faster than Ukraine in the decade between the Orange revolution and the start of the war. It's per-capita GDP quadrupled (to a much higher end result) in that time, while Ukraine's only doubled. Yet, Belarus is politically 100% a Russian province. How exactly does your theory explain that gap?
Russian propaganda is really running out of steam if Belarus of all countries is now the success case. What's next, statistics of how happy the North Koreans are?
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Belarus developed much faster than Ukraine in the decade between the Orange revolution and the start of the war. It's per-capita GDP quadrupled (to a much higher end result) in that time, while Ukraine's only doubled. Yet, Belarus is politically 100% a Russian province. How exactly does your theory explain that gap?
Russian propaganda is really running out of steam if Belarus of all countries is now the success case. What's next, statistics of how happy the North Koreans are?
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Russian propaganda is really running out of steam if Belarus of all countries is now the success case. What's next, statistics of how happy the North Koreans are?
And this how one deflects an argument grounded in economic facts.
That's how easy it is to be a success case when compared to the independent Ukraine. Even landlocked Belarus with no natural resources is doing better.
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Sure there are. US economy is K shaped. You either become rich or end up poor. It's economy geared for the rich. Where poor only exist to give rich a confidence boost.
You: "US economy is K shaped. You either become rich or end up poor." Reality: "The vast majority of US income (78%) is earned by people outside the top 1%."
https://www.statista.com/statistics/203247/shares-of-househo...
But Rich also account for majority of consumed goods purchased.
Also why did Travel, Entertainment and Food services suffered during post COVID recovery?
Why are McDonald's and other fast food joints that upped their price enjoyed a surge in value, when supply and demand tells otherwise.
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Russian propaganda is really running out of steam if Belarus of all countries is now the success case. What's next, statistics of how happy the North Koreans are?
And this how one deflects an argument grounded in economic facts.
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Well, you do see the same trend in gdp per capita in Slovakia. The problem is that Poland has 30m more people. https://georank.org/assets/img/charts/economy/poland/slovaki...
Per capita Slovakia gets more EU funding than Poland yet the results are poor.