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Index

Senior Member
Registered Member
gelgoog said:
GDP in USD. Which what people talk about, when they say the Russian economy is comparable to the size of Canada, or Mexico, or the state of Texas. Like I said the comparison does not make sense.
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Generally you convert all the gdp after you've calculated to the same currency so you can compare them.

But you still don't get whatever result you are talking about. That's simply a non existent measure. Or some obscure "real truth™" measure that heavily kneecaps Russia (sorta like Caixin was hoped to be for China, except Caixin also betrayed NATO expectations). I don't think such further fringe measurements created by what is likely rabid American nationalists looking to shear off as much measurement to make Russia as small as possible have any merit being discussed aside from in the now gone funny thread.

What reliable measure claims that Russia, which even according to the world bank itself (that dislikes Russia) is the 4th largest economy in 2024, would actually be smaller than some random US states?
 
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FriedButter

FriedButter

Colonel
Registered Member
Modi hugs Putin.

US Reaction.

“I know that India likes its strategic autonomy, but in times of conflict, there is there is no such thing as strategic autonomy.
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U.S. Ambassador Eric Garcetti offered a veiled criticism of the Moscow meeting and warned India that it should not take the U.S. friendship “for granted.”
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gelgoog

Lieutenant General
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The Russians have already built two gigawatt class nuclear reactors in India. They are currently building like four more at the same power plant (Kudankulam NPP). There were discussions in this visit by Modi about the Russians building a second power plant in India i.e. even more nuclear reactors at another site.

India is a huge country which needs energy. They have limited energy reserves in their own territory. And while the US and France have been talking about supplying nuclear power reactors to India for almost two decades they have done squat in all that time.
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India has more population than China in like a third the land area. This means they lack all sorts of resources for development. Russia is the world's largest commodities seller.

Russia has made huge investments in India in the past as well. They built India's second largest oil refinery (Vadinar). Rosneft still owns almost half of it. With the majority being under the control of a local Indian company.

Unlike with the US, which traditionally supported Pakistan militarily, India has always had good relations with Russia.
The speech by that US Ambassador is just so totally detached from historic reality that it is painful to read.
 
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tamsen_ikard

Junior Member
Registered Member
gelgoog said:
The Russian economy has long been undervalued. A lot of what they produce is for internal consumption. People joke about how there are no Russian products anywhere so it is like the Russian economy does not exist in a world trade setting, but if you go to Russia, most things people consume are not Western brands either. And after Western brands left the market I think this will continue to speed up.

The major issue Russia still had is low salaries, which meant low motivation to automate production. But that stopped being the case two years ago. Another issue they have is lack of worker mobility. In Russia they are used to the zero unemployment of Soviet times. Companies hire staff and they seldom let them go completely even when there is no need to produce anything. Because if they lose the staff it is a bitch to get someone again.
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I am trying to hard to understand one thing, Russia and Australia both are dependent on mining for their economy. Both countries biggest employers are likely the mining sector. Moreover, due to soviet legacy when Soviet economy was completely self sufficient Russia should have an industry for everything such as cars, consumer goods and so forth. So, why is Russia so much poorer than Australia?

What kind of jobs do Australians do that pay them 5 times more than Russians?
 
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pmc

Major
Registered Member
Index said:
But even according to flawed gdp methodology, the Russian economy is not really that small. It's still Japan/Germany sized, which means its only smaller than India (hard carried by massive population and highly dubious financial sector), US (complete tech supply chain, world's largest financial sector) and China (compete tech supply chain, world's largest market).

Of course if you start using measures like energy consumption or material production, Russia shoots up even more. However, even "undervalued" gdp doesn't actually undervalue them a lot. Russia certainly performs better than Germany, certainly is worse compared to US or China, and probably is better than India. So the gdp ranking of Russia closely follows Russia's actual performance, with India being the only outlier.
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I dont think either US nor China can assemble 600K people to keep in another country for this long. and it is not just those 600K people but many more who are either under training or taking long rest for rotation. so lets approximately 2m. and they will get salaries higher than the market. just to give some idea 24/7 air defense means that people have to sleep near the vehicles and constantly on the move to avoid static. cheap drones and quantity/range of missiles have made air defense much more expensive.
both China and US have bigger coast lines. it means many more low altitude cruise missiles will enter there airspace. there also differences in Aviation strike force.
 
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