Wonder how much of this is inflated financial bubble, like with western economies. Because I can’t speak for the entire country obviously, but infrastructure in my city has been struggling
I’m sure that’s part of it, but decoupling from the west did open up a lot of business niches. As always, benefits aren’t evenly distributed though. And of course, it’s important to keep in mind that many western economies are going into a recession now. So, Russia having even a bit of growth is enough to beat that.
That’s what I was questioning, GDP isn’t a great indicator for the performance of an economy. But still, they’re beating the west at their own game. The point stands
I can note that the GDP omit revenue from traditional gift-giving economy from the First Nation Native American people in North America, goods and services from the natural environment, goods that people make for self-consumption, properties that colonial government do not recognized, or living expense. These omissions mask the financial burden that many Indigenous groups face from Pax Americana and Bretton Woods institutions that reject property ownership rights of Indigenous groups, destroy informal economy that sustains many Indigenous rural communities, and rising living cost from Neo-Liberalism that cannot compensate for a small percentage of formal financial gain from Neo-Liberalism.
Wonder how much of this is inflated financial bubble, like with western economies. Because I can’t speak for the entire country obviously, but infrastructure in my city has been struggling
I’m sure that’s part of it, but decoupling from the west did open up a lot of business niches. As always, benefits aren’t evenly distributed though. And of course, it’s important to keep in mind that many western economies are going into a recession now. So, Russia having even a bit of growth is enough to beat that.
That’s what I was questioning, GDP isn’t a great indicator for the performance of an economy. But still, they’re beating the west at their own game. The point stands
I can note that the GDP omit revenue from traditional gift-giving economy from the First Nation Native American people in North America, goods and services from the natural environment, goods that people make for self-consumption, properties that colonial government do not recognized, or living expense. These omissions mask the financial burden that many Indigenous groups face from Pax Americana and Bretton Woods institutions that reject property ownership rights of Indigenous groups, destroy informal economy that sustains many Indigenous rural communities, and rising living cost from Neo-Liberalism that cannot compensate for a small percentage of formal financial gain from Neo-Liberalism.