I always expected Russia to be a lot wealthier, knowing that even Italy has more bucks a year is kinda suprising...

I always expected Russia to be a lot wealthier, knowing that even Italy has more bucks a year is kinda suprising. Will they even stand a war?

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This always seemed so weird to me too
I mean they have a lot of people, their gdp should naturally be high

Why are people here so uneducated about economics?

They have room to grow imo. The polar ice will be gone soon and they will benefit greatly from shipping along their north coast. The economy will hopefully diversify much more too over time.

yeah Bangladesh too amirite?

haha literally just failed an econ final and I bet my gpa will be too low with my other failed classes for my uni to want to let me back next year, I've already put myself years behind all my friends and everyone I know too of course

I wonder what my parents will say when I've told them I failed yet ANOTHER class

>I mean they have a lot of people, their gdp should naturally be high
Yeah look at all those rich countries like Pakistan, Ethiopia, Philippines...

iktf. I'm literally trapped in community college because i can't pass college algebra

Russia is just a big gas station. The people are commodities too, the organs of Russian people are sold all over the world, just like young Russian girls. You can buy Russian kidney, Russian hair, Russian pussy.

>The economy will hopefully diversify much more too over time.
It won't. Russian culture and institutions aren't suitable for the discovery and application of new ideas and technology.

How much is a good GPA?

How do you even manage to fail economics

What am I missing? Is there any "magic explaination" for this low GDP?

I can't imagine how desperate one should be to buy a russian kidney.
There government just doesn't care about it because it's much easier to control one big source of income than control a lot of big industries.

Your gonna have to start major progress or the Chinese will make you into a vassal state in all but name. They're probably well on their way to doing this as we speak.

What the point? It's much easier too buy all our resources like they already do

It's already happening, because Wikipedia's article implies that Russia exports less to China than it imports from it, and the former consists of raw resources while the latter consists of consumer goods and technology.

Weak competition, low demand, oligarchs and cartels, corruption, lack of financial institutions, no capitals, heavy reliance on commodity export, political and economical isolation, all this combined with being a planned economy for 70 years

Communism stunted the economy massively. Intitally you saw rapid growth for a short period but it slowed down then began stagnating to shit. Unlike the capitalist west which saw sustained and steady growth, whilst being slower was far more stable.

The answer is pretty obvious - p*tin.

Socialism is actually the only one reason why Russia isnt completey somalia tier shithole.

Fucking hell OP you're an idiot. Ever heard of things like purchasing power?

>russia was a strong country under yeltsin

>falls into "real" GDP meme
>not knowing it's a highly speculative value
>thinks it mean anything in a war

Why are most of Western people are so fucking stupid and uneducated in economics?

of course not
but p*tin is the successor of yeltsin so he keeps the policy of turing Russia into shithole by undermining its economy and selling all resourses and national wealth to the West

+15

>be pidorashka
>became liberashka 2 months ago after watching Navalny's YouTube
>go to Sup Forums
>support any shit Westerners say about Rashka
>not knowing most of Westerners are no better than average pidorashka in understanding of economics, politics and history

The only thing Russia has going for itself is a stash of nukes from the cold war. Economically they're on the same level as Spain.

I'm commie

(inb4 штaны)

also another +15

штaны пocтиpaй

>self hating ruskis

why

>The economy will hopefully diversify much more too over time.
lol
Their economy will forever be "digging things from the ground and selling them"

I dont hate my country. Those who support p*tin are true haters and enemies.

It simply doesnt matter- what do Russians even need money for?
They have their own resources, their own tanks, their own jets and their own massive army. The fact that the average russian only makes US$9000 a year doesnt matter.
Most importantly of all, this isnt their final form, and if there was a proper war their production of arms would massively increase through soviet era war preparation

We dont have technologies and almost no proper industry.

Only vodka and gas are cheap in Russia

I pay 1$ for gas per month.

To sustain better living standards maybe?

dumb idiot, 'gas' in English usually refer to 'gasoline' aka petrol

dictionary.cambridge.org/dictionary/english/gas

мимo

In American english, it can mean both, you have to rely on context to determine which "gas" we're talking about.

we have technology but no massive military weapon industry i think russia is opposite with us

gas noun (LIQUID FUEL)


A2 [ U ] us also formal gasoline, uk petrol a liquid obtained from petroleum, used especially as a fuel for cars, aircraft, and other vehicles:
I'll stop and get some gas - we're running low.
a gas tank/pump

why do you use an english-language acronym?

Having military industry means nothing for standards of living - since Russia has to import a great variety of goods, they're more expensive than if they were produced inside the country.

Because it's 'Grossen Domesticen Producten' in German

JUST

It was introduction to macroeconomics

I really don't know how I failed it except that I'm a retarded waste of air
I always wanted to be smart my whole life, as I kid I hung out with the smart kids who really had their shit together, but I always knew I was different than them

you're probably just lazy, apply yourself more

any non-retarded human being can get a degree

I could tell that objectively speaking it was really really easy stuff. it says a lot about me that I could fail it whether i'm lazy or not