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My country's(Poland) GDP per capita grew 8-9x over the past 30 years. My personal take is that it's not just the political system during this time, but the tra
by Tade0 4y ago
My country's(Poland) GDP per capita grew 8-9x over the past 30 years.
My personal take is that it's not just the political system during this time, but the transition from communism to a market economy that made it happen.
The centrally-planned economy back then had interesting features, among them generally full employment and frankly ridiculous expectations regarding the amount of work(at least in terms of hours).
All this proved to be fertile ground for a burgeoning hustle culture when people found that their labour can actually amount to something in a market economy.
My generation grew up with largely absent parents because in the 90s it was normal to have a side hustle or do overtime on a regular basis.
You see this a lot in other countries that were economically successful - with enough people disregarding their health and private life you can really move forward at a rapid pace.
I'm conflicted whether this is a good thing really.
- bergenty 4y agoThis doesn’t seem accurate. Are you saying Poland had GDP growth rate of more than 30% a year?
- imtringued 4y agoAre you saying that organized production is the precursor to a wealthy market economy? That would mean a lot of text books would have to be rewritten, especially the ones that assume barter out of nowhere and then magically introduce money.