621–630 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…
The story is longer: Poland was the first country to make a remarkable peaceful transition from a bankrupt, failed Soviet satellite state. The shock therapy, plus NATO and EU aspirations, paved the way. It is a story of a country that made a lot of the right decisions along the way. Managed to keep consistent high growth, not a pony trick or boom/bust mode. Poland should be a role model for many other countries. Reco…
Maybe all of those hardworking people could have done even better with a different macro strategy?
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I agree, but subsidies aren't free as well. Simply making the overall cake bigger doesn't necessarily pay out for everyone - some have to foot the bill.
Why not? If the increase in cake size is bigger than the subsidies then it can be a net win, even for the people paying the subsidies. It also ignores the fact that absent the EU, countries would still have a lot of subsidies.
Edit: I just now got the part "If the increase in cake size is bigger than the subsidies" – that's a ridiculous assumption. EU total growth in 2025 was 1.5% or 295 billion USD. From 2021-2027, the EU budget committed roughly 370bn € each for Agriculture subsidies and for Cohesion Policies, totaling 720bn € over 7 years; 2025 has seen ~130bn USD from those two buckets alone. Germany alone has paid another 60bn in subsidies the same year. Oh, and there has been a total of 417bn USD in energy subsidies in europe in 2023 (most recent data available). Even if we could attribute all total growth to subsidies alone, we'd have a factor below 0.5 – and that doesn't include any growth through private investmen, PPP, or any kind of increase of regular public spending.
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Poland's first partly free election was on 4 June 1989, preceded by the roundtable negotiations. The protests in Czechoslovakia came later, called the Velvet Revolution, from 17 to 28 November 1989. In June 1990, Czechoslovakia held its first democratic elections, a year after Poland. Poland paved the way for the whole of central and eastern Europe. The Round Table produced the negotiated-exit template that Hungary b…
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…
"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 situations where GDP/capita isn't reflective:
1) Countries where the economy is dominated by resource extraction or tourism 2) Tax havens
But it's pretty easy to tell whether one of these exceptions applies. It doesn't in the case of Poland, which has a broad, diversified economy with a high level of industrial production.
Earlier quoted context omitted.
Poland's first partly free election was on 4 June 1989, preceded by the roundtable negotiations. The protests in Czechoslovakia came later, called the Velvet Revolution, from 17 to 28 November 1989. In June 1990, Czechoslovakia held its first democratic elections, a year after Poland. Poland paved the way for the whole of central and eastern Europe. The Round Table produced the negotiated-exit template that Hungary b…
The protests in Czechoslovakia came earlier, in 1968! The Soviets rolled in the tanks in response. Poland had a mass solidarity movement rise up in 1980. The USSR didn't decide to send in the military then; they were lucky. https://en.wikipedia.org/wiki/Soviet_reaction_to_the_Polish_... There was a lot of unrest in Poland, and general strikes. Martial law was imposed. If you were an immigrant from Czechslovakia in a…
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…
Same issue in all southern and eastern European countries.
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As A Finn I’d like to see Canada figure out that “oh shit we could be a world superpower with all the smarts and natural resources we have” and start trading culture and goods with Nordic countries. We would rule!
Most of the AI scientists powering the current AI revolution (or apocalypse) are Canadian. If your banking system is conservative and you don’t have a venture capital backed risk taking infrastructure - it’s systemic issue. It is the same problem with Europe.
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"I'm old enough to remember internal borders with passport checks in Europe" Did you recently crossed borders? On many the checks are there again, because of fear of immigration terrorism or something, so the people could see, politicians were doing something to make them feel safe (but what I could see when passing borders, especially between poland and germany, were looong lines of trucks, so much for free flowing…
Try going to Switzerland by car (from France for example), and you'll see what an actual border check is. Pretty different from having a chance to be stopped by a random check while crossing.
Earlier quoted context omitted.
Poland's first partly free election was on 4 June 1989, preceded by the roundtable negotiations. The protests in Czechoslovakia came later, called the Velvet Revolution, from 17 to 28 November 1989. In June 1990, Czechoslovakia held its first democratic elections, a year after Poland. Poland paved the way for the whole of central and eastern Europe. The Round Table produced the negotiated-exit template that Hungary b…
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…
We visit western European countries and it's like WTF it's cheaper here?
The multi-generational spread is wild - my boss remembers being raised in 80's scarcity culture verging on 2-3rd world hunger. But our entry level employees are running around demanding everyone to be up to date with everything they see and hear in these little glowing rectangles. It's like two separate progressions have been superimposed on top of each other.
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…
And as demand of those cheap engineers go up, salaries rise. It's not just Poland: Go see what happens to engineering salaries in, say, Spain vs Berlin. You find Capgemini opening offices, because the labor is that cheap. New grads making as little as 20k in some regions.
So compared to that, having big tech moving over and paying over local market rates, and expanding enough so salaries end up rising is much better than the alternative: They don't come, there's no money, the engineers emigrate, and the country becomes poorer.