this post was submitted on 02 May 2024
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PPP isn't related to size, doughnut. Do you even know what it stands for?
Bigger industry? Russia GDP 2.24 trillion dollars
NATO GDP 45 trillion dollars
Lol
GDP is a bullshit metric for industrial production in financialized, neoliberalized countries like the US and Europe.
Michael Hudson: Understanding America’s Post-Industrial Economy
Michael Hudson: Asset-Price Inflation and Rent Seeking
You did not have to cook that hard for this peanut.
r/neoliberal is leaking again.
That last paragraph you quoted is very fascinating to me. Please elaborate on that.
I won’t try to when Hudson is such a good explainer. His 2019 paper he refers to is here: PDF. I think it’s largely an updated executive summary of his 2015 book, Killing the Host (PDF).
If you prefer video/audio, here are three relevant episodes from this year of Hudson’s & Radhika Desai’s Geopolitical Economy Hour:
Thank you so much for those links to help expand my understanding of this topic you are talking about here.
Here is an alternative Piped link(s):
Geopolitical Economy Hour
The debt explosion: How neoliberalism fuels debt crises
Economic solutions: How to go from financialized neoliberalism to a productive, sustainable economy
The reality of Bidenomics: How good was Biden for the economy?
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I'm open-source; check me out at GitHub.
Thanks for the essay
Lol. Because no R&D is involved. Most drugs are generics now anyway
Good job ignoring all of the financialization and asset price inflation, which was the actual point. Keep on learning nothing.
Why would I ignore it? It works. Take a look at china, they are using the exact same tools after the failure of imported soviet communism
Keep on learning 19th century ideology in the 21st
And you’re still living in the neoliberal End of History, despite neoliberalism being a zombie ideology that Russia has abandonded and China skirted almost entirely.
You clearly have no idea what’s been going on in China.
If we replace China with Britain and communism with soviet communism with capitalism in your sentence it actually makes sense https://www.yahoo.com/news/farmers-warn-food-aisles-soon-023000986.html
Well let's just see what people who actually have a clue have to say muffin https://rusi.org/explore-our-research/publications/commentary/attritional-art-war-lessons-russian-war-ukraine
And the fact that you don't even understand why using nominal GDP is nonsensical really does add to the comedy.
Confidently incorrect, the funniest kind of incorrect.
😄
This still doesn't make Russia magically have a larger industrial base than NATO, it's absurd.
You think Price Point Parity is a measure of size, so I'm not sure you even understand what you are trying to claim. You're certainly not using the right terms
And if you think Russia allocating 40% of government spending to be able to wage war on one small country makes them capable, good luck 🤞
I guess at this point I shouldn't be surprised that your reading comprehension is poor.
I certainly am using the right terms. Cost of production in Russia is far lower than in the west, which makes it absurd to make GDP comparisons. The fact that you can't understand this shows that you have no clue regarding the subject you're attempting to debate here. Here's an example that might help you understand what's happening
Except Russia isn't doing anything of the sort. This is just something you pulled out of your ass because you're an extremely gullible individual who lacks capacity for critical thinking.
Dude how many crayons have you eaten?
I think he might've been shoving them up his nose.