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by somenameforme
976 days ago
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Right, now look at economic data that directly influence things like quality of life, or economic stability of the country, and compare between 2008 and today. You'll find that things are better to a degree that cannot really be overstated. For instance real wages are up to a somewhat ridiculous degree, home ownership rates are substantially up (now higher than 90%!), and so on. This [1] page is a data orgy for any sort of economic indicator that might interest you. The one thing to be careful about is to ensure you're using real (inflation adjusted) values and PPP adjusted values. A dollar goes much further in Russia whether buying tanks or tacos, so doing something like comparing nominal GDP values is misleading. It's like how a guy earning $70k in Bodunk is, in practice, earning dramatically more than a guy earning $70k in San Francisco. Even though the nominal figures are identical, $70k goes much further in Bodunk than San Francisco. Same thing, often to an even more extreme degree, between countries. [1] - https://tradingeconomics.com/russia/home-ownership-rate |
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lol, everyone with half a brain ran from Russia as soon as they could, and they aren't coming back if they can avoid it. And the ruble will continue to sink lower and lower. There's no reason to think it wouldn't and no matter how you try to spin it, that's not a good thing for Russia's economy.