4 ms·
They are getting higher; Poland's economy is growing, there's no doubt about that, but you also need to understand that an economically weak country doesn't hav
by PartiallyTyped 3y ago
They are getting higher; Poland's economy is growing, there's no doubt about that, but you also need to understand that an economically weak country doesn't have a lot of bargaining power in the grand scheme of things and is easily influenced by other countries.
Let's take Cuba, US said don't trade with Cuba if you want to be okay with us, and the world complied. Similarly for all socialist countries, and every country in which the US intervened directly or otherwise.
Countries are not independent islands, and the American government, and the Russian and Chinese regimes sure know how to stick their fingers in every pie available.
- robertlagrant 3y agoOf course - if countries were independent islands less developed countries couldn't sell them stuff they could never develop themselves, for example. That's a good thing according to every country but North Korea, who have deliberately isolated themselves, to their detriment. The question is: is it better to be a weaker economy in a world where other countries interact with it, or not? If it is, then said economy has to make do with what it has, and while there are geopolitical factors at play, they aren't all bad (indeed if they were even just "more bad than good" then more countries would be like North Korea). Your case of Cuba is a good one: the embargo means that Cuba is more like an independent island, and less like a weaker economy participating in a global economy. But to relate geopolitics to "society" is still wrong, I think. A society is a smaller thing than "everyone on earth". Inherited familial, political, and institutional norms are roughly at the society level, and they play a large part in how law-abiding, productive and welcoming that society is. A lot of that is bounded at country, although sometimes countries will share cultural lineages that mean they are similar. P.s. fantastic news on the Polish economy front. Great to hear salaries are on the rise.
- PartiallyTyped 3y ago> P.s. fantastic news on the Polish economy front. Great to hear salaries are on the rise. They are, but inflation (and shrinkflation) powered by corporate greed has screwed people over the last year; I could fill my tote back with equivalent of 20 euros in September when the local currency was much weaker, whereas now I need to spend more in local currency than I did back then.
- robertlagrant 3y agoInteresting. How has corporate greed had such a macro effect?
- PartiallyTyped 3y agoThey hide it under the guide of “inflation” and war that displaced so many millions of Ukrainians.
- robertlagrant 3y agoThey hide inflation under the guise of inflation? I don't quite follow. Certainly the war has caused inflation, in the sense of "things costing more".
- PartiallyTyped 3y agoIf you decompose the increase in cost to the subcomponents, you will find that corporate profits from retailers are causing inflation.