zlacker

>>tedsan+(OP)
This is so much money with which we could actually solve problems in the world. maybe even stop wars which break out because of scarcity issues.

maybe i am getting to old or to friendly to humans, but it's staggering to me how the priorities are for such things.

>>deknos+6a1
>wars which break out because of scarcity issues

That doesn't seem to be much of a thing these days. If you look at Russia/Ukraine or China/Taiwan there's not much scarcity. It's more bullying dictator wants to control the neighbours issues.

>>tim333+Vg1
There's a terrifying amount of food insecurity and poverty in Russia - https://www.globalhungerindex.org/russia.html - https://databankfiles.worldbank.org/public/ddpext_download/p...

>>dbspin+uq1
Russia is run by the mob. The country has no real dominant industry beyond its natural resources. Are they really a good example?

>>infect+wC1
Not according to the World Bank:

https://thedocs.worldbank.org/en/doc/d5f32ef28464d01f195827b...

Furthermore, they became #4 GDP PPP last year and and were reclassified as a high income country.

https://www.intellinews.com/russia-s-economy-is-booming-3289...

The poorer regions are actually benefiting from high contract salaries. How sustainable that is, guess we'll see.

>>cpursl+M73
> they became #4 GDP PPP

That doesn't mean much on its own. Their per capita GDP is still low.

Also arguably their GDP figures are worth even less than Ireland's. A huge proportion of Russia's economy is tied in military production (and huge proportion of that is funded through debt).

If you make a rocket worth $1 million and then blow it up the next month that cost is obviously included in GDP but it's literally the equivalent of burning money/productivity.

>>qwytw+aq5
Their debt to GDP ratio was 14.6% at the end of 2024, a decrease from 2023. US is 123.1% of GDP while Ireland is at 42.7%. And PPP is the number that matters - its one of the big factors which governs quality of life, at which price you can produce and sell widgets, bushels, etc. And btw, that guns/butter calculus also applies to the US, etc.