Message from @rogalik
Discord ID: 588479704097620020
GDP growth doesn't make you richer
all goods became less affordable at once
Apart from this I wonder how people would react when they would realise they get 3 euro per hour when french get 12 for same work <:haha:318675605233336330>
hi
hi kitty
they shouldnt introduce the euro in eastern europe
until theyve already caught up
^ this
yeah in 600 years lol
but western europe are the ones benefiting
so it makes sense why it is this way
not Western Europe, but Germany specifically
germany is western europe
>GDP growth doesn't make you richer
im just like
stunned
and dont even know what to say
you don't need anything to say
do you like alternative economics or what
are regular economics alternative now
if gdp doesn't in general make country richer then it's like we're talking about maths and you're saying 1+1=3 it's ooh
there is nothing to talk about becuase theres no foundation you can base anything on
what else you propose to measure economic performance
I specifically stated the introduction to euro made consumer goods less affordable, therefore rendering the population poorer -- whatever GDP growth rates are present, the purchasing power is much more relevant
of course im well aware of pecularities of gdp and that high gdp doesnt necessarily mean people are well off but I dont see much of it applying here and anyway, these are details, in rought terms gdp *always* applies and theres no going over it
>whatever GDP growth rates are present, the purchasing power is much more relevant
but there exist a thing called GDP PPP to measure that
GDP PPP of Russia and Poland matched before 2014, sometimes Russia even surpassed Poland, yet I don't really need to point out which country was doing better
im well aware of this fact and I know why thats the case the explanation is rather straightforward
yet that explanation will be irrelevant in relation to you not being comfortable with my statement about poverty and introduction to euro in Baltic states
simple as
not being aggressive or something
but again in case of poland and russia still gdp applies and there is nothing wrong with it, it's people misleadingly interpreting it
I mean yeah you totally can have poverty and high gdp growth
wait what did I say in thebeginning
ahh
the point was about dynamics of both, my initial statement referred to poverty increasing while GDP continues to grow
what I mean is not really the case of Estonia is that in general higher GDP = richer country(not people!)
yeah i just misunderstood you I think
nvm
the >country (not people) reference was the reason I clarified my statement later
>the point was about dynamics of both, my initial statement referred to poverty increasing while GDP continues to grow
yeah thats possible