![crude-oil-feature[1].jpg](https://i.imgur.com/uZ3dxB5.jpg "crude-oil-feature[1].jpg")
Oil is back below $30. How are you doing Russia?
>economy based on selling oil to Europe
>start messing with Europe
>>53620219
$5 when
>>53620304
people think putin is intelligent but truthfully all he has is zero conscience
he kills absolutely everybody whenever he can and that's the sole reason he's at the top
yeltsin was both blackmailed and threatened to bring up putin
if he weren't retarded he'd realize the best option for russia is becoming a stable democracy
>>53620867
during the Putin's reign Russia rapidly modernized and grew economically, he secured Crimea paying the price of few years of economical troubles, he is a typical Russian leader with iron grip over the country, Russians are used to it and it seems like they accept it
also the economical situation in Russia isn't as bad as it seems to be in international rankings but well I don't really know that's why I made this thread
>>53621073
Oil is a lot less important to Russia than it was a while back.
In real terms Russia is down 4-5% since they peaked in 2014.
But in nominal terms it lost nearly 65% of its value.
The reason being that in currency markets no one likes taking a guaranteed 5% loss, so they start selling all their rubles and it turns into a vicious cycle where the ruble falls 65%.
In real terms Russia is in a recession the size of 2008's. That's with oil falling 70%.
So Putin and Russia will survive, and eventually come back. Either that will incentivize them to make their economy more efficient, or it'll make them even more repressive.
>>53620867
You are dead wrong about Yeltsin. Yeltsin was top dog in Russia and he hand selected Putin because Putin had no connections to the oligarchs. Putin was a literal nobody.
That meant Yeltsin wouldn't be prosecuted and his oligarch friends wouldn't be prosecuted as well. Putin was weak.
>>53621073
>during the Putin's reign Russia rapidly modernized and grew economically
same old BRICS argument that when there's development it's BECAUSE of of the leader and not regardless
>>53623515
Your .gif is missing seven years of relevance.
>>53623515
atleast he was able to take advantage of rising oil price, a lot of countries can't even do that
>same old BRICS argument
you can partly explain Russia's growth by oil prices, but what about China
>>53625469
Truer words has rarely been spoken.
>>53625469
>atleast he was able to take advantage of rising oil price
wow, that must be REALLY HARD
I can't even imagine how you'd possibly be able to fuck that up
> a lot of countries can't even do that
like which?
>>53625388
some more
>>53625469
>atleast he was able to take advantage of rising oil price
You set the bar high, don't you?
>>53625469
>you can partly explain Russia's growth by oil prices, but what about China
the same old BRICS argument was that the leader is the reason behind the success and not that the success happened regardless of the leader
what China's leaders actually are to thank for is that they freed the markets and that was done by Deng way back
>>53626034
Norway is a good example. Leaders could have sat down the foot like back in 2007, to force the oil sector to go for a stable policy instead of rapid expansion into rapid downsizing.
Sure, jobs was created, but nothing was done to create those jobs in the long term.
>>53626330
>all of Chinese growth especially in last 10 years is only because of Deng Xiaoping
>current leaders of China are bad
>>53626558
have you something to offer to contrary?
how much investment do you think china would receive if it were an open democracy
>>53626517
what exactly do you refer to? can you provide some information?
>>53626675
>have you something to offer to contrary?
have you anything to confirm that the current Chinese leadership and the leadership before it is any kind of bad? because so far they are doing great job
>>53626675
>how much investment do you think china would receive if it were an open democracy
>china
>democracy
China greatly benefits from NOT HAVING DEMOCRACY
if it was an open democracy and foreigners would be free to invest there, China would be just e.g another country where the internet is monopolized by google, facebook, twitter - instead of it they have their own companies like tencent, alibaba, baidu
if they had democracy, corruption would be much worse - look India
if they had democracy, any long term planning would be impossible, now the Chinese are planning decades ahead, but in a democratic government you can plan for the term of office
Chinese people actually ridicule democracy
>political system when the most popular one gets power
if they had democracy, Xinjiang - important region because of it's resources could be already independent, the same with Tibet
democracy isn't a suitable system for China
>>53626034
>I can't even imagine how you'd possibly be able to fuck that up
If he wouldn't have done anything he would have 'fucked up'. Every major oil asset at the time he took office were in possession handful of Russian oligarchs, just recently acquired by questionable means might I add, and likely to be sold off to big Western oil companies in near future. Reeling in the oligarchs and their businesses that weren't that into paying taxes at the time and setting some basic rules for them has been the most important thing Putin has done in his career. And almost every one of them understood the new situation and adjusted to that, everyone but Khodorkovsky who still wanted to keep his plunders, not pay taxes and keep on partying like it was late 1990's
Russians have been living in shiit for more than a millennium
>>53627146
>if it was an open democracy and foreigners would be free to invest there, China would be just e.g another country where the internet is monopolized by google, facebook, twitter - instead of it they have their own companies like tencent, alibaba, baidu
as in investment of another form
and it would benefit them greatly in the long run instead of being what they are now, cut off
>if they had democracy, corruption would be much worse - look India
or look at finland? why isn't there corruption here? you're just cherry-picking
>
if they had democracy, any long term planning would be impossible, now the Chinese are planning decades ahead, but in a democratic government you can plan for the term of office
any long term planning is impossible now as well, anything could happen with these leaders
>if they had democracy, Xinjiang - important region because of it's resources could be already independent, the same with Tibet
because why?
>>53627314
>Every major oil asset at the time he took office were in possession handful of Russian oligarchs
they're still in the hands of oligarchs, only putin's friends this time - nothing changed
none of the money goes to public spending other than possibly military
>>53627380
he's right though
>>53627563
even past that, what great deeds have they done?
>>53627146
If they had democracy the whole country would be Honk Kong or Taiwan
>>53620219
I think low oil prices is hurting Norway more than Russia tbqh. Soon we will probably be sweden level poor...
>>53627722
Don't you have a giant savings account for the country? I am pretty sure you guys could do nothing for the next 100 years and still be fine.
>>53627646
Also HK, Taiwan and SK boomed in 1950s to 1980s when they didn't have democracy.
Hong Kong didn't have democracy until the 90s and before that no HKer gave a shit about politics since they lived in a small city-state and was absolutely focused on making money.
Also, Who the fuck cares, democracy is not the end all to every fucking problem.
>>53627817
Hong Kong's bloom really started in 1984, the same year democratization happened.
#nofuture
):
>>53627380
>as in investment of another form
>and it would benefit them greatly in the long run instead of being what they are now, cut off
bullshit it wouldn't benefit them at all, they would be just colonized again by foreign companies, after communism they had no capital at all, all of China would be sold out, and the existing Chinese companies wouldn't be capable of competing against the Western ones
China is big and is capable of building a large, national economy on it's own it just needs time, selling everything to foreigners is a retarded idea, it's only good if the country is relatively small like Poland and in the position where it can't be independent anyway
>>53627380
>and it would benefit them greatly in the long run instead of being what they are now, cut off
no comparable country in world history can match Chinese growth since Deng Xiaoping
do you think it could be even better? not really, but it could be much worse (see India)
>>53627380
>or look at finland? why isn't there corruption here? you're just cherry-picking
because it's a small country, part of Western civilization, democracy muh equality and all this bullshit was introduced a long time ago, income in Finland is pretty equal, also Finland is relatively rich
large and poorer countries like Brazil, Russia, India have a lot of poor people and a small group of extremely rich(richer than anyone in Finland) billionaires, it's naturally that corruption in countries like these is much, much harder to fight
and democracy can even worsen everything, strong government will cope better if you have capable leaders like Xi Jingping who puts in jail even high officials
>>53627947
>comparing a tax heaven with a giant billion populated country
>>53620219
More like, how's ISIS/Quatar/saudi and whatever sandnigger countries.
>>53628057
I didn't do the comparison, smartass
>>53620219
Russia could fix itself in one generation I am convinced they don't want to.
>>53627380
>any long term planning is impossible now as well, anything could happen with these leaders
but they are doing long term planning all the time, now they are stimulating internal market and consumption and shifting towards service based economy, they established AIIB
they are going to establish "Silk Road 2.0" too, why don't we have such billion dollars project from India or Brazil?
>because why?
because these populations clearly don't want to be a part of China? especially Xinjiang and their muslim extremists with their terrorist attacks?
you are jsut some Westerner which believes MUH DEMOCRACY is a best thing for everyone, in every case
>>53628014
>they would be just colonized again by foreign companies
just like they are now? do you have any idea about the ownership of any of the chinese companies that aren't run by the state? isn't it volkswagen that sells most cars in china, under a chinese name? same with a bunch of car makers
>do you think it could be even better?
yes
>because it's a small country, part of Western civilization, democracy muh equality and all this bullshit was introduced a long time ago, income in Finland is pretty equal, also Finland is relatively rich
lmao we were poor as fuck and an agrarian country until the 1950s/1960s
>>53627793
It's not really that much money, and if we use to much it might result in overheating of the economy and extreme inflation.
I preferer if we hold on to the fund. I like the thought about us now owning about 2% of all the world stocks and bonds, and big parts of properties along famous streets like Oxford street and Piccadilly Circus.
I'll call it a crisis when we are about the level of poorer western countries like France og Germany.
>>53627646
pfffff I will give you your (You)
>>53626714
Tenker på f.eks http://www.nrk.no/mr/morke-skyer---men-ser-lyspunkt-1.12709474
http://www.nrk.no/trondelag/toff-dag-for-mange-statoil-ansatte-1.12705660
Basically a 5% downsize inside Statoil, and others are doing the same.
Externally, there is a lot more, because various hotels that live of the oil people, and ships get hit. I.E http://www.nrk.no/rogaland/milliardskip-star-ubrukt_-1.12409530
So basically another 5-8% of the nation is without job because of this.
The same hiring spree could have been stopped the last time, and there didn't need to be a silly economic downtime.
>>53628169
>but they are doing long term planning all the time, now they are stimulating internal market and consumption and shifting towards service based economy, they established AIIB
just like democractic goverments would do
>because these populations clearly don't want to be a part of China?
majority rule
>you are jsut some Westerner which believes MUH DEMOCRACY is a best thing for everyone, in every case
and I doubt you're even Polish
>>53620867
nice try oligarch shill
>>53623424
>Putin was a literal nobody.
>That meant Yeltsin wouldn't be prosecuted and his oligarch friends wouldn't be prosecuted as well. Putin was we
then he backstabbed them all and began repatriating national assets like a man who loves his country more than riches would do
>>53628262
>>53628322
nice proxy, poster who earlier posted from poland
>>53627947
>Grap literally shows exponential growth for the entire graph
>Claims shit
>Price of oil dropping all 2015
>libcucks unironically say "you can thank Obama for that!"
>Apparently unaware the US lost 515,000 jobs because of it
>Economic growth 2.1% instead of 2.6%
>Scientifially proven that people will drive more and faster with low gas prices, thereby increasing pollution
>>53628206
>yes
because MUH DEMOCRACY?
there is no single democratical country in world history which was capable of doing what China did on a scale China did and in such short period of time
their owe their success to mix of free market, public investments and central planning
>>53628252
>just like democractic goverments would do
the largest "plans" democratic goverments can do is a term of office you fucking dip
and when it ends they are just busy with campaign
Chinese leadership can easily plan for next decades, I doubt any ruling party in any democratical party thinks of anything further than 5 years
>>53628252
>majority rule
yeah so Xinjiang would be out of China and it will clearly not be beneficial for China
so ? what's your point now?
>>53627947
>Hong Kong's bloom really started in 1984
>>53628708
that chart's bullshit though
1986 saw 11% growth
1987 saw 13% growth
>>53621073
Russia is literally poorer than Gabon
>>53628519
https://en.wikipedia.org/wiki/Five-year_plans_of_China
>>53628913
Do you know what annual GDP growth is? At flat 1% it goes like
100 -> 101 -> 102.01 -> 103~ -> 104~
>>53628519
>We went from shit to piss in two decades
That's amazing!
>>53629090
Yeah?
>>53629148
>being this illiterate and uneducated
only americans
>>53629196
>Being deluded enough to be a chinkboo
Only polacks
>>53629267
>telling facts
>chinkboo
>this illiterate and uneducated
only americans
>>53626675
Probably less because then they'd close down all their sweatshops and pay their workers fair wages
How much for your pussy, Ivan?
Please give Canada money.
Help Canada.
holy fucking shit it's even more horrible in dollar terms
>>53627971
https://www.youtube.com/watch?v=anzWysrQr3Y
>>53629717
https://www.youtube.com/watch?v=EwIEUflY6YI
>>53629822
Canadian dollar is about 70 cents to an American dollar right now. Is it the same for Russia?
>>53620219
END THE SUFFERING
>>53629875
finland baby, you want oil? you want wood? furs? hockey stick? you want?
you buy, 5 dolla, you buy!
FUCK RUSSIA!
WHAT ABOOT US?
>>53630046
Maybe Russia will invade us and our dollar will improve.
>>53626675
>how much investment do you think china would receive if it were an open democracy
No that much, because the people doing ventures in China would build their private small generators to power them.
The indirect benefits of what China is doing is huge, even if they are retarded about the plant types they are building to power their mega factories(and cities by extension).
There is a reason investment goes to China, and not some worse shithole.
>>53629900
Hows the market for oil jobs in canada?
>Canada uses dollars
>Australia uses dollars
lel
>>53630046
Oh yeah, let's talk about how politicians can really fuck up your entire economy!!!
>pre-sal
>>53627146
>China greatly benefits from NOT HAVING DEMOCRACY
Not true, the most well of countries (of any size) are democracies which means that democracy is the superior form of government humans have created.
>if it was an open democracy and foreigners would be free to invest there, China would be just e.g another country where the internet is monopolized by google, facebook, twitter - instead of it they have their own companies like tencent, alibaba, baidu
There is really no argument in here except for the statement that Chinese are less capable of creating stuff than Westerners, which isn't true.
>if they had democracy, corruption would be much worse - look India
I'd much rather look http://www.transparency.org/cpi2014/results where we can very clearly see that the most democratic countries are the least corrupt and vice versa.
>if they had democracy, any long term planning would be impossible, now the Chinese are planning decades ahead, but in a democratic government you can plan for the term of office
In China and other totalitarian states the rules of business can change in one night without any notification. In democratic countries there's always time to adjust to changes and the system is transparent. Democracy>totalitarianism for business owners.
>Chinese people actually ridicule democracy
There are 1,3 billion people in China, you are saying they all are against democracy? Like the students and other people on tiananmen square?
>democracy isn't a suitable system for China
Bullshit.
>>53630236
there's none, companies are not hiring right now. Massive lay offs, many pipeline sites are closed down because they don't make money operating.
Everyone is scared in the oil sector in fear of loosing their jobs. There's also high vacancy rates for commercial and residential sites right now because small companies went under, and people had to move due to job loss. We're still in tumbling down mode. Everyone talks about the oil dollar and is afraid because it keeps going down.
Oh, and Trans Canada sues your government 15 billion for not approving the pipeline because NAFTA. :DD
>>53621073
>typical leader with iron grip over the country, they are used to it and it seems like they accept it
Sounds like 100% of all asians.
1-hundred-per-fucking-cent. I swear those faggots have no balls that shit wouldn't fly here we'd paint the pavement with crimson hate.
>>53620219
HALP!!
>>53630236
SHIT!
The big tar sands projects usually need $80+ prices to get the go ahead and $60 to keep running.
The numbers get a little weird now with our currency so bad.
But all of the tradespeople have come back from Alberta, and there's not enough local work for them. Most spent all their money on coke and chrom 350s so they aren't ready for this.
>>53630502
Colombia, oil is low, are your gas going high? Or it's jut Brazilian logic?
Hello Scot-cucks, how's that independence economic plan looking? ;^)
>>53630513
Where do you live? There's so many people gone from Calgary right now. The landlords are crying about their empty over priced hovels but they refuse to bring down rental costs kek.
>>53630548
43% of our exports are oil.
>>53630413
If democracy is so good, why there are some many democracies in Africa, Asia, and South America that are shitholes?
Democracy is not what matters. What matters is institutions.
>>53620219
Very bad.
Be dependent from oil prices is pathetic, tho. We have to do something to improve our economy.
>>53630592
Everywhere is like that
>shit and overpriced property
>>53630672
>We have to do something to improve our economy.
Does the Russian government have any plans? Ours doesn't.
>>53630683
Rental prices have crashed before here. They spiked for a few years while oil prices were high and vacancy rates were low. It's time for them and our housing market to crash again.
>>53630592
Vancouver Island. This shit dollar is great for tourists. Canadians cant leave, and it's more attractive for Americans.
>>53630650
>What matters is institutions.
t. Franco
>>53630548
Petrol keeps being expensive for us since our currency has depreciated a lot and fuel is traded in dollars
>>53630821
>Ours doesn't.
Oil export is only 10% in Canada. It's literally nothing compared to us, stop crying.
>>53630831
>Vancouver Island. This shit dollar is great for tourists. Canadians cant leave, and it's more attractive for Americans.
Isn't that good for your economy, though
>>53630860
Can you still go to the border with Venezuela and get the smuggled stuff cheap?
>>53630831
>This shit dollar is great for tourists.
Last time our dollar was terrible my family worked in tourism and it was good money. Lots of yanks living it up on little money.
Most tourism jobs pay horribly so it's still bad for young people. Tar sands are one of the few industries that seem to pay young people decently.
>>53630912
Look at our dollar. You've got no idea.
>being a banana republic
>>53630650
Of course they do and democracy is one of the most important one of those. In addition to democracy you need several important pieces of legislation that are actually enforced like:
1) property rights
2) government transparency
3) anti-corruption legislation
4) system that rewards competence instead of "birthrights"
etc... I think it's truly ridiculous to argue about democracy vs. totalitarianism as only one of these system has brought lasting and actual wealth to any nation and its citizens in a way that's legitimate. Democracy has its problems, mostly focused on majority vs. minority issues, but with totalitarianism the amount of problems is infinite. Literally any problem that can be though can be a problem in a totalitarianistic regime.
>>53630959
Chavistas closed the border like 3 months ago.
>>53630959
No, because Venezuela closed the border.
>>53628373
Where the fuck were you when Russia started arresting Kremlin mafia and slashing export contracts, causing tens of billions in loses to international conglomerates and whole world went apeshit?
That was the first time ever people abroad started asking who the fuck is Putin.
>>53630989
>bringing bananas to an oil fight
>>53630634
>>53630860
i.e.: You cannot use what you're selling... Our politics are awful
>>53630413
>In democratic countries there's always time to adjust to changes
I quess you dont call major devaluation a major change. A thing that has happened 'over night' in Finland twice, all the while prime minister gave a speech forthnight that there wont be one. I quess it isnt corruption either that major companies somehow knew night before that the devaluation was coming, but small businesses didnt. Or that all three parts of the Finnish judicial system is controlled by lefties.
>>53631134
We ouselves are awful
>>53631134
>>53630860
That's pretty shitty.
>>53630454
they are not le ebin individuals like Westerners, their culture is different, based on Confucianism - respect for social and political hierarchy
>>53630413
>Not true, the most well of countries (of any size) are democracies which means that democracy is the superior form of government humans have created.
What if humans create something new, better? Maybe Chinese system is better for people of Chinese culture and traditions? Once almost entire world was ruled by monarchs, yet democracies happened. No one can say democracy is le best ultimate system...
>>53630413
>There is really no argument in here except for the statement that Chinese are less capable of creating stuff than Westerners, which isn't true.
You don't understand... If your country was socialist for a long period of time and then you want to transform to capitalism you have basically no capital to start with. It's natural companies from the capitalistic countries are much more competetive and simply have more money to invest. So if you want to shift towards capitalism you generally have 2 choices - either let foreigners take over most of your market or to protect it. Of course there it's not black and white lol, they are not protecting every sector of economy - foreign investment can greatly benefit to economic growth aswell. But they protect what they know is of strategic importance - finances, resources and the internet. As I previously mentioned, large companies like Alibaba, Baidu, Tencent probably wouldn't ever grow and become giants. China would be just full Google and Facebook which means more money and influence for Americans and less for the natives.
>I'd much rather look http://www.transparency.org/cpi2014/results
Chinese and a lot of Asian don't care at all about Western rankings. They are widely criticized for favoring Western style of developement. Especially these composite, arbitrary rankings.
OK I'm out. 4chan doesn't allow to write longer replies than 2000 characters.
>>53631293
>Maybe Chinese system is better for people of Chinese culture and traditions?
kek
>>53630912
It's more like 25% of exports.
>>53630981
I got a 2 bedroom apartment for $1200 a month one block away from places that charge $200 for a single queen during summer. I'm going to try renting a room for maybe $50/night this summer.
>>53631012
>4) system that rewards competence instead of "birthrights"
Politics in China are generally better educated and more competent than these in the West. Politics in the West have to be popular, members of Communist Party of China are usually promoted for their performance.
Also China isn't totalitarian anymore.
>>53620219
Catching snow with my tongue t bh senpai.
>>53631158
I was talking about legislation, not currency manipulation. Also, that was over 20 years ago and nowadays we have Euro. I admit, it's theoretically possible to do the same with this currency but in practice it really isn't.
>I quess it isnt corruption either that major companies somehow knew night before that the devaluation was coming, but small businesses didnt.
Do you have some data showing that they were told or is this just some "I know cause conspiracies and shit"...
>all three parts of the Finnish judicial system is controlled by lefties.
What do you base this on?
>>53620219
My paradox sense tells me this is time to fabricate claims
>>53631012
You mistook monarchy for aristocracy
There were many republics in which blood was very important, and meritocratic monarchies.
>>53631374
I pay about $1,045 plus electricity for a 1 bedroom. They increased the price before the oil drop -- haven't seen anything lower in my area.
Sometimes I've thought about renting a room but it would be weird to live with strangers.
>>53631293
Democracy is objectively the best form of government currently in existence because if power is concentrated in one point, the potential for abuse increases exponentially.
Of course, one must mind that democracy doesn't turn into an ochlocracy and goes completely to shit.
>>53631509
Except for the border commerce
No matter what kind of clothes it wears there is only one real concern of government: Control of the many by the few. Democracy is the rule of the many by their free will, isn’t it? If the total is 100, if you collect 52 among them, you can make it rule by the majority. But that majority is divided into many factions. Namely if we add up 26 from among those 52, they can rule the whole we spoke before. How futile is the democratic principle called majority rule when the true aspect of government is control of the many by the few.
>>53631602
>Monkey system where there is no long term planning
>And control over elections are via the media
>Good
>>53631612
yeah, they still in need for toilet paper.
>>53631621
Democracy without civil and political education for the population will invariably turn into a corrupt """democracy""" ruled by demagogues and quasi-authoritarian assholes.
I think that having a certificate that you attended civil education and understand the way the democratic system works should be the only ones allowed to vote.
>>53631621
Is Spain fucked for good? I can't imagine Spain being successful in my life time.
>>53631565
>I pay about $1,045 plus electricity for a 1 bedroom
ouch
>>53631658
>Monkey system where there is no long term planning
Democratic states (at least the ones who aren't retarded) have long and mid term strategies for their affairs.
>And control over elections are via the media
Ochlocracy =/= democracy - people are suckers for populism and media manipulations; I agree at least in part with you on this, there shouldn't be any reporting on elections for at least 1 week prior to the actual election day.
>>53631796
It's considered a "good" deal for my area. To get anything cheaper you have to move into some random neighbourhood far from where I work. But then I have to pay for a car, deal with traffic, and it would end up costing much more in the end.
Are rental costs reasonable in Russia?
>>53631293
>No one can say democracy is le best ultimate system...
I didn't say it's the ultimate system, I said "democracy is the superior form of government humans have created."
Other than that, your argumentation is just bullshit. Chinese system is a system based on totalitarianism, just like old monarchies+communist and facist countries. Almost all of these systems of government have collapsed and prosperity has ensued.
>If your country was socialist for a long period of time and then you want to transform to capitalism you have basically no capital to start with.
So this has denied Poland, Balts, Czechs and other eurofied countries from prospering? Even though none of the ex-soviet countries that have made it to the EU have nearly the same amount of resources as for example Russia and Kazakhstan and yet pretty much all of them are outdoing them in every sector.
Another alarming thing is that you don't seem to comprehend what "money" means. Money in essence is the worth of tangible and intangible assets+the worth of the wealth those assets generate. What you are implying is that socialist countries don't have any tangible/intangible assets which tells quite a lot about the socialist system in general...
>Chinese and a lot of Asian don't care at all about Western rankings. They are widely criticized for favoring Western style of developement.
Very well argued mate!
lmao, I pay £900 (1300 USD)/month for a room in a shared house. £800 is pretty standard.
L O N D O N
>>53631917
What's your 1 bedroom in square meters/square feet? I don't live in the capital and my 43 m2 apartment is 695+water+electricity+car spot so like 750-775e/month... In Helsinki this would be like 1,2k-1,5k euros...
>>53630413
>Democracy: Let's put a part time elementary school teacher who has studied music and dance in charge of our country's finances.
vs.
>China's current Financial minister has studied computer sciences at university, done post graduate work on econometrics and has wast 30 year experience working in leading roles in different Chinese economic and civil institutions, including Director of the Institute of Finance and Trade of the Chinese Academy of Social Sciences, vice-governor of Guizhou Province, and Chairman and CEO of $2.1 trillion investment fund China Investment Corporation
Fuck democracy, I want similar setup in Finland as well that puts actually competent people leading the country instead of this current mess where winners of "who can make up the most convincing lies"-contest held every four years get to take their turn in steering this sinking ship
Here's the rest of their leaders, every single one of them have degrees in engineering, economics or sciences with vast experience in their respective fields
https://en.wikipedia.org/wiki/State_Council_of_the_People%27s_Republic_of_China#Principal_officers
>>53631918
>So this has denied Poland, Balts, Czechs and other eurofied countries from prospering?
No it denied us from independence and power.
>What you are implying is that socialist countries don't have any tangible/intangible assets which tells quite a lot about the socialist system in general...
They obviously have 10x less assets.
>OPEC will die in your lifetime
This is definitely something to be thankful towards the US for
>>53631870
Democratic states have some planning capabilities because there exists institutions outside of the democracy.
Mid term is 5-10 years, long terms is 20+. Most states live on 4 year cycles, with insane concentrations of effort during year 7-8 if there is a reelection.
Its a very unhealthy pattern, and it produces shit like gradually moving towards permanent disarmment and being super open to EU & NATO because thats another 5 years a politician could gain pension from.
>>53631918
>Very well argued mate!
Arbitrary rankings on "FREEDOM" and "TRANSPARENCY" are worthless.
>>53632089
>tfw work in energy
>tfw wish OPEC would sort it's act out and start reining in supply to sustain $100/bbl permanently
>>53631917
$250-350 is a typical range of rental costs here in Moscow.
Given the fact average salaries here range from $600 to $1000, most people feel reluctant to rent a room/apartments unless they do it with gf/bf/friends
>>53632182
Saudis won't stop US shale is destroyed, but Obongo already signed secret orders for them to be ring-fenced.
>>53632070
>They obviously have 10x less assets.
And why is that?
>>53632116
You do realize that statement that something is "arbitrary" because it's western is very dull. There is a big button for downloading the info package about that study which tells you how the study has been conducted and based on those things you could actually criticize it. But when you just revert to arguing your point with idle talk you are just proving my point.
>>53632291
Not sure what you mean by this.
The vast bulk or shale plays aren't profitable at $30/bbl, and prospecting for new plays certainly isn't.
Thing is as soon as prices reach $60+ again, shale will come back into action before long. The technology, expertise and a lot of geological mapping has been established now.
Saudi strategy isn't sustainable.
Also
>Obama has ring-fenced US shale production
u wot?
>>53632051
>square meters/square feet
I don't remember, sorry. But it's a good size, most live with a gf or bf in these size. Tiny apartments are uncommon here.
>1,2k euro for 1 bedroom
That's crazy. Last rat hole I lived in downtown had a rent increase to 1,300. Worse place I ever lived. Bed bugs, no repairs, tenants steal your laundry, and hobo vomit on the side walk each morning.
>>53632221
For the average wages that pricing makes sense. In rural parts of Canada rent for a single bedroom sits around 500 to 700 dollars for single units I think. People can't afford more.
It's a bit more common for people to live here alone but most try to get room mates in a two bedroom apartment so they can afford a car and roof over their head.
>>53625469
China's gdp tracks the price of a ching chong slave.
>>53627146
Your argument doesn't explain why China should continue to exist, though.
>>53627646
Just.... No.
SK grew the fastest under its dicator. 1960-1980.
Hong Kong was always richer than Mainland China. It had huge British investment and guaranteed protection.
Also, it was in no way a democracy.
Taiwan was still an authoritarian country run by the military when I visited in 1995.
>>53628498
Liberals are biased towards Democrats oddly enough.
They hated Bush for low oil prices and our CO2, 2001-2005. Then when oil prices rose and people started driving less and cars became more fuel efficient, liberals started blaming Bush for high oil prices hurting the poor.
Republicans do the same.
It's really quite pointless to argue politics to people if they don't have an open mind.
>>53630413
India versus China.
China was poorer per capita than India in 1980. Now it's $7,000 richer.
Explain the difference.
We were in shit, we are in shit and we will be in shit, what's the question?
>>53631602
It has also led to global warming and massive environmental pollution.
Let's just say there is a balance.
Direct democracy is absolutely retarded.
Indirect democracy where the rich control everything and corruption is in the private sector is the least bad system.
Russian democracy leads to State corruption.
>>53632089
It won't.
This will only strengthen them as they gain market share.
As long as the Saudi's control the Gulf producers (50% of world oil) the cartel will live on.
Remember that oil was $8 a barrel in 1997-1998.
>>53633306
>what's the question?
favourite brand of alcohol?
>>53632505
Not that simple.
The benefit of OPEC market share strategy is that it kills the more expensive producers.
Oil production has huge frontal costs, and the loans needed are huge.
Also, oil workers will leave oil jobs and forget a lot of the education within a few years.
That means that oil isn't just going to stick at $60 a barrel at shale's breakeven. Just like the last 60 years it's going to go from boom to bust.
In a couple years once America and Europe's oil production is in the doldrums OPEC will cut output to raise prices.
It'll take the West 3-4 years to get back to our full production again.
For example, oil was $20-30 2000-2005.
Once it started averaging $100 2008-2014 fracking slowly grew larger and larger.
But it wasn't immediate. The same thing will happen in the future.
>>53633610
I've never drunk alcohol and are not going to start.
>>53633744
Too bad, it's fun in moderation.
>>53632832
In my opinion, as long as China continues to exist it should continue to exist.
Might makes right when it comes to Internatinal relations.
>>53620219
Recession incoming.
Russia is fucked, but somehow Brazil is fucked even more.
>>53620219
>Russia is unusual among the major economies in the way that it relies on energy revenues to drive growth. Containing over 30 percent of the world's natural resources,[26] Russia is the most resource-rich country in the world.[27] Russia has an abundance of oil, natural gas and precious metals, which make up a major share of Russia's exports. As of 2012 the oil-and-gas sector accounted for 16% of the GDP, 52% of federal budget revenues and over 70% of total exports.[28][29]
Oil's drop of 70% cost Russia about 8% of it's economy.
But since Russia now produces more each year their economy only fell 4% in 2015 and probably will fall 1%-2% in 2016.
It'll be hard for them, but sadly, they'll make it.
I just hope Putin decides to not run in 2018 and lets the Russian people decide.
>>53620867
Putin is probably the richest man in the entire world.
Putin is in it for personal gains and I think pretty much everything else he does is just to cover that up.
He is without doubt not a good person nor is he good for Russia. Not saying that Russia should accept the multicultural cock, just saying that you can have a conservative leader that isn't a fucking gangster.
>>53633880
-.5% isn't that bad.
I expect it to be more like 1%-2% though.
The only question is if China hits the shitbox. If so even America is fucked.
butthurt belt strikes again
>>53634107
Could I have a source for your claims.
Every action Putin has taken has been to improve Russia's power in the world. I think he loves Russia.
But the question is if the decisions he has made have been good for Russia.
Oil's collapse isn't something a pro-Western liberal would have predicted.
Russians are going to have to man up and figure out their own problems either way.
>>53634107
Putin just snatched Crimea for the good of Russia, while obviously impacting his own finances with sanctions.
In the end he will probably bite off a bit a of Eastern Ukraine as well, and then sue for peace.
>>53633880
Someone explain Kenya and Uganada to me.
>>53632504
>And why is that?
I'm done discussing with you.
You are brainwashed by MUH FREEDOM MUH DEMOCRACY while not knowing about anything outside of your Western circlejerk.
You fucking asked "why" socialist countries have less assets than capitalist countries, for fuck sake, I'm done I'm not discussing with someone who doesn't get basics here.
>>53630413
It's not democracies that made countries developed
But developed countries happened to adopt democracy
>>53633880
We were already fucked
This recession is just going to get a lot worse until it gets better
>>53634729
Yeah, but what happened?
I thought u guys weren't a major oil producer.
>>53634261
I quote from my original post
>Not saying that Russia should accept the multicultural cock, just saying that you can have a conservative leader that isn't a fucking gangster.
Where do you get pro-western liberal from?
I've no source but you've no source either on your thinking that he loves Russia. Personally I think he doesn't give a flying fuck.
As for why I think he is the richest:
He used to fuck the oligarchs over back in the beginning of his reign. Now he doesn't anymore. And the oligarchs are still around. This implies either they've got something on him, or more likely, he has them where he wants them. A piece of the cake(probably quite large) and obedience.
>>53634404
It doesn't really matter if Crimea is rightfully Russian or not, in annexing Crimea he didn't exactly help Russia's economy long term(not because of the sanctions, they are quite meme) but because aggressive behavior like that has a tendency to scare off investors.
>>53634787
It's complicated
We are one of the largest producers, but we can't refine our shitty oil. So we export our shitty oil and import better oil
Our recession is caused by falling commodities prices (soy, iron, etc) and a utter failure of government policies
>>53634935
I've never understood why oil-producing countries can't refine their own oil?
Why not just hire western expertise to help set up your own refineries? It has to be worth it long term.
>>53635019
Western expertise has to be willing in first place
Why would they voluntarily give up their advantage and profits?
>>53633880
Why Brazil are worse than Russia?
Our economy are less oil dependent....
>>53634935
>>53635104
Why are you such a fucking retarded. Seriously, stop posting and go tend to your goats my hillbilly friend.
>>53634912
That is not the point. You said Putin was in this for his personal finance.
He would not destroy Russian economy for Crimea annexation if he was in this for personal profit. He annexed Crimea because he loves Russia and views it as rightful Russian clay, nothing more.
>>53635684
What is your economy dependent upon?
>>53636368
>>53636368
not hues apparently
>>53636368
>economy dependent upon?
Nothing specifically, Trade (imports+exports) makes up 20-25% of our gdp, so we can't
>>53636443
This doesn't say anything. Exports are a very small part of our economy, specially when we compare it to the world average.
