Are these post just meant to humiliate the Greeks?
It’s a little pointless to look at the Russian or Ukrainian GDP in 1990. It was one common Soviet economy and a very strange one. In short, the USSR factories took oil money and made thousands of tanks and a lot of shitty consumer goods nobody wanted to consume. Then oil prices dropped, and the Soviet Union collapsed. Every single ex-Soviet country had to adapt to the real world, and most of them failed. Russia failed at first, too, but then oil prices started to grow, and now we all can see the result.
In 1990, Russians and Ukrainians had nothing. They had “free” apartments and, usually, a sum of money they couldn’t spend because it was pretty hard to buy anything apart from food. Also, they had tanks that were supposed to go to war with NATO. Then they rusted for 25 years to be used for the Russian-Ukrainian war.
With Italy you can clearly see the different place post euro, the big slump that never ended with the 2008 crisis followed by the rise of Chinese and German manufacturing (Italian sme never really recovered from being priced out of the cheap manufacturing market, and difficult to compete with the big manufacturing engine of Germany, ofc together with disfunctional govt)
Interesting to note the Italian COVID impact was also more severe than e.g. turkey, which has been slumping for a while
While I’m obviously happy my country is doing well, the reality is the economic situation in Europe (especially its most developed part) has been really depressing after 2008. The gap between even the richest European countries and the US has been constantly widening with no end in sight. I feel like something will have to give in sooner or later.
Ok the more I see those PPP graphs, the more I am convinced they are utter BS. As a Greek, I’ve known very well how hard the crisis has been and how great its impact has been. But I’ve been 3-4 years ago in Poland and was shocked at how cheaper products in supermarkets are, which explains the disparity in this statistic.
As for Turkey, well, our salaries are not good, but they are 3-4 times higher than the Turkish salaries, they have their own problems now, as we did in the previous decade.
What do you think of Ireland’s performance over these two decades?
Way to go Poland!
Let’s see the real nominal version.
Oh boy, what’s going to happen when people realize we cannot keep on growing the GDP, but also that it’ll be hard to maintain this level of comfort.
It’s incredible that people still believe the myth of “we can keep on growing forever because human genius will find a way”. You can translate it to “we’re going to break the laws of physics” :’|
“Hey Italy, when will you grow?”
“Yes”
Crazy to think that Poland was basically one of the poorest ex-commie countries and we managed to get ahead of so many countries that were leagues ahead. Ukraine almost 2x richer on average than Poland basically wasted 30 years and is worse off than in commie times.
Ukraine is a country full of bandits and corrupt statesmen. After defending their territory from the Russian oppressor. They need to overthrow their government and employ someone who knows how to effectively administer a nation.
someone said to italians, when Italy was joining EU:” You’ll work a day less and earn like you worked a day more per week! EU will make us riches!”… damn liar EU just opened the gates to low quality low price raw materials from outside that killed our economy.
17 comments
Source: https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.KD?end=2021&locations=TR-GR-PL-IT-RU-UA&start=1990&view=chart
Why these countries:
Italy: Large EU economy with a different trajectory than Germany and France.
Poland: Poster child of EU economic integration of Post Soviet countries.
Turkey&Russia: Large developing economies bordering and quite integrated with EU.
Greece: Poster child of (alleged) failure in EU policy.
Ukraine: Similar population to Poland, bordering but outside of EU.
I’m that blue line going higher, very cool.
IMO just [Poland-Ukraine](https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?locations=UA-PL) shows it better. 30 wasted years for Ukraine 🙁
2 wasted decades for italy
Are these post just meant to humiliate the Greeks?
It’s a little pointless to look at the Russian or Ukrainian GDP in 1990. It was one common Soviet economy and a very strange one. In short, the USSR factories took oil money and made thousands of tanks and a lot of shitty consumer goods nobody wanted to consume. Then oil prices dropped, and the Soviet Union collapsed. Every single ex-Soviet country had to adapt to the real world, and most of them failed. Russia failed at first, too, but then oil prices started to grow, and now we all can see the result.
In 1990, Russians and Ukrainians had nothing. They had “free” apartments and, usually, a sum of money they couldn’t spend because it was pretty hard to buy anything apart from food. Also, they had tanks that were supposed to go to war with NATO. Then they rusted for 25 years to be used for the Russian-Ukrainian war.
With Italy you can clearly see the different place post euro, the big slump that never ended with the 2008 crisis followed by the rise of Chinese and German manufacturing (Italian sme never really recovered from being priced out of the cheap manufacturing market, and difficult to compete with the big manufacturing engine of Germany, ofc together with disfunctional govt)
Interesting to note the Italian COVID impact was also more severe than e.g. turkey, which has been slumping for a while
While I’m obviously happy my country is doing well, the reality is the economic situation in Europe (especially its most developed part) has been really depressing after 2008. The gap between even the richest European countries and the US has been constantly widening with no end in sight. I feel like something will have to give in sooner or later.
Ok the more I see those PPP graphs, the more I am convinced they are utter BS. As a Greek, I’ve known very well how hard the crisis has been and how great its impact has been. But I’ve been 3-4 years ago in Poland and was shocked at how cheaper products in supermarkets are, which explains the disparity in this statistic.
As for Turkey, well, our salaries are not good, but they are 3-4 times higher than the Turkish salaries, they have their own problems now, as we did in the previous decade.
What do you think of Ireland’s performance over these two decades?
Way to go Poland!
Let’s see the real nominal version.
Oh boy, what’s going to happen when people realize we cannot keep on growing the GDP, but also that it’ll be hard to maintain this level of comfort.
It’s incredible that people still believe the myth of “we can keep on growing forever because human genius will find a way”. You can translate it to “we’re going to break the laws of physics” :’|
“Hey Italy, when will you grow?”
“Yes”
Crazy to think that Poland was basically one of the poorest ex-commie countries and we managed to get ahead of so many countries that were leagues ahead. Ukraine almost 2x richer on average than Poland basically wasted 30 years and is worse off than in commie times.
Ukraine is a country full of bandits and corrupt statesmen. After defending their territory from the Russian oppressor. They need to overthrow their government and employ someone who knows how to effectively administer a nation.
someone said to italians, when Italy was joining EU:” You’ll work a day less and earn like you worked a day more per week! EU will make us riches!”… damn liar EU just opened the gates to low quality low price raw materials from outside that killed our economy.