this post was submitted on 04 Apr 2024
87 points (87.8% liked)

World News

39032 readers
2282 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 7 months ago (1 children)

Being reported as "False", but you aren't wrong.

vs. Russia at 3.6% due in large part to explosive military spending.

https://www.reuters.com/world/europe/russias-gdp-boost-military-spending-belies-wider-economic-woes-2024-02-07/

[–] [email protected] 4 points 7 months ago (1 children)

Reading that does not make you think good economy.

[–] [email protected] 1 points 7 months ago (2 children)

Oh, it's not, it's just better GDP than the G7.

[–] [email protected] 6 points 7 months ago

Better if you think that spending two brand-new top-notch hospitals a day on war is better than spending it on, random point from a loooong list of points, fixing district heating so people don't freeze in their apartments.

If Russia was traded on the stock market their valuation would be close to negative: Management is ignoring opportunity costs, stuck scalp-deep in the sunken cost fallacy.

Also those GDP numbers tend to use standardised methods based on self-reporting, that kind of stuff can't be trusted in Russia's case it's better to go by what erm investigative economists produce. Extrapolate GDP from cheese consumption based on old cheese popularity scores and whatnot.

[–] [email protected] 5 points 7 months ago

It's all on unsustainable borrowing from the future, so it's all an illusion. Even if they win the war, they may not recoup that enough. Putin has gone all in on this.