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Russia's debt is minuscule in comparison to the other two.
by cheez 6y ago
Russia's debt is minuscule in comparison to the other two.
- hilbertseries 6y agoYeah, but so is Russia’s GDP. For reference, Canada has a higher GDP.
- cheez 6y agoIt's roughly the same but per capita, definitely worse. IMO, Russia will bide her time. They have a lot of intelligent, entrepreneurial people. Just need the government to loosen up a bit. Or perhaps, most of the economy doesn't need GDP.
- hylaride 6y agoAs a whole Russia’s entrepreneurs are leaving because they know if you get big enough, the corruption will come into play. Their government needs to do more than just loosen up.
- api 6y agoFrom all that I've read, corruption is why Africa has been so poor and missed out on much of the development of the 20th century. Why bother investing in anything when it will just be stolen by the local strong man?
- ericmay 6y agoBut that doesn’t really matter. It’s like if you have a net worth of $50 and an income of $100, but your buddies have an income of $100,000 and a debt of $70,000