this post was submitted on 18 Feb 2025
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[–] PhilipTheBucket@ponder.cat 20 points 4 days ago* (last edited 4 days ago) (1 children)

GDP is a funny thing. So because Russia's currency has cratered like a Boeing aircraft, the PPP-adjusted value of its GDP has skyrocketed. That doesn't mean it's doing well.

Russian inflation is at 10% and its government is spending almost half its federal budget on the war, and still not winning. 11% of the world is Russia, by far the largest country on Earth, and yet the total amount of revenue its government has to spend half of on that war is just above Spain's, which might explain why it is failing to defeat an enemy which it outweighs, outnumbers, and is outspending all by at least 10 to 1. Its standard of living for ordinary people is 50th in the world, roughly even with famously pleasant places like Kuwait and Romania (And no hate to people who live in those places, just saying your government is badly representing your interests. Give me another year here in the US and I might well be in that part of the list alongside you, or lower.)

I have no room to be giving criticism to any government, living in the US as mentioned, but if you are holding up Russia as an example of competent government you are reading the chart upside down.