Russia is a Super Power: Opinion on The Hill

[Silver Cat]

Both sides will avoid nuclear fights with the other. Mutual Distruction is on the table. But both Russia and China knows that, although there won't be any winners, the US will fair much better than those two. So what's left? Conventional. And Conventional, both Russia and China will have their asses handed to them in short order (with about a year involved in the "War".

One more time. The Russian (as well as American) military planners don't believe in the MAD conception. They believe in the first counter-force strike, ABD, alleviation of the consequences and post-attack coercion. Read previous messages in the thread.

 

[ESay]

Nominal GDP is not valid. It counts 5,5 $ GDP for a Bic Mac in the US but only 1,7 $ in Russia, although it is the very same product. And economic size is about actual products and services, not how much they cost.

Index PPP is about what value local currency has in comparison with dollar if the prices on the local market are taken. It is mostly a made-up value, because on international market the value of local currency may significantly differ.

And of course it is all about the cost. If you grow 10 apples and sell them for 1 dollar each, and your neighbour grows 5 apples and sells them for 3 dollars per apple, who will have higher revenues at the end of the year?

 

[Bleipriester]

Index PPP is about what value local currency has in comparison with dollar if the prices on the local market are taken. It is mostly a made-up value, because on international market the value of local currency may significantly differ.

And of course it is all about the cost. If you grow 10 apples and sell them for 1 dollar each, and your neighbour grows 5 apples and sells them for 3 dollars per apple, who will have higher revenues at the end of the year?

No, it isn´t. GDP is, as the name states, about product. Stop bullshitting.

 

[ESay]

No, it isn´t. GDP is, as the name states, about product. Stop bullshitting.

One needs some equivalent to compare these products in order to know how much you have earned selling them. This equivalent is a price. Basically, no one is interested how many goods you have produced, the main question is how much you have earned selling them.

 

[Silver Cat]

One needs some equivalent to compare these products in order to know how much you have earned selling them. This equivalent is a price. Basically, no one is interested how many goods you have produced, the main question is how much you have earned selling them.

Do you mean Balance of trade?

Balance of trade - Wikipedia

en.wikipedia.org

 

[Bleipriester]

One needs some equivalent to compare these products in order to know how much you have earned selling them. This equivalent is a price. Basically, no one is interested how many goods you have produced, the main question is how much you have earned selling them.

That is not what the GDP is about. Here is why nominal GDP cannot be used to measure the actual size of an economy:

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economicsconcepts.com

 

[ESay]

Do you mean Balance of trade?

Balance of trade - Wikipedia

en.wikipedia.org

No, we are trying to find out what thing is more trustworthy - nominal GDP or GDP PPP.

 

[ESay]

That is not what the GDP is about. Here is why nominal GDP cannot be used to measure the actual size of an economy:

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economicsconcepts.com

Do you want to say that so called Real GDP and GDP PPP are one and the same thing?

 

[Silver Cat]

Russia has a smaller GDP than Brazil.

Russia should be a huge Norway, but Russia is so poorly managed that it's a huge Mexico.

Do you think, that the Russians want to be a Norway, where conscripts must return their used underwear and socks?

Privates on parade: Soldiers in Norway must return their underwear

Until recently, conscripts left their barracks with the underwear they were issued. But Covid-19 has strained the flow of supplies leading the military to ask for the return of bras and socks.

www.dailymail.co.uk

 

[Bleipriester]

Do you want to say that so called Real GDP and GDP PPP are one and the same thing?

Yes, it is the same.

 

[Silver Cat]

No, we are trying to find out what thing is more trustworthy - nominal GDP or GDP PPP.

Depends on your goals. But virtual money means not much if your army don't have even enough socks and underwear.

 

[ESay]

Yes, it is the same.

From what I have read about these things is that Real GDP isn't actually the same as GDP PPP. The main reason of the former is to compare the production of goods and services while excluding inflation.

If nominal GDP uses the current prices on year-to-year basis, the Real GDP uses a so called basic year and the current prices are compared with this year, excluding inflation.

The main reason of GDP PPP is to compare the values of different currencies, and a special coefficient is used to do that.

Yes, the main flaw of nominal GDP is that it is based on the current prices and virtually doesn't mirror the amount of goods and services produced. For example, if France produces a car with the price of 5000 dollars and Greece produces an identical car that is priced on 2500 dollars, the France's nominal GDP will be twice of Greece's one, though they produced the equal amount.

But like it or not, the Frances economy will produce twice more money than Greece's.

 

[Bleipriester]

From what I have read about these things is that Real GDP isn't actually the same as GDP PPP. The main reason of the former is to compare the production of goods and services while excluding inflation.

If nominal GDP uses the current prices on year-to-year basis, the Real GDP uses a so called basic year and the current prices are compared with this year, excluding inflation.

The main reason of GDP PPP is to compare the values of different currencies, and a special coefficient is used to do that.

Yes, the main flaw of nominal GDP is that it is based on the current prices and virtually doesn't mirror the amount of goods and services produced. For example, if France produces a car with the price of 5000 dollars and Greece produces an identical car that is priced on 2500 dollars, the France's nominal GDP will be twice of Greece's one, though they produced the equal amount.

But like it or not, the Frances economy will produce twice more money than Greece's.

Here it is. Real GPD is PPP:

Real GDP (purchasing power parity) - The World Factbook

www.cia.gov

It means that Russia is not a third world nation. That most people have a normal life with home, TV, internet, car and everything.

 

[Silver Cat]

Here it is. Real GPD is PPP:

Real GDP (purchasing power parity) - The World Factbook

www.cia.gov

It means that Russia is not a third world nation. That most people have a normal life with home, TV, internet, car and everything.

In the terms of daily life 92% of Russians households own their housing, 64% - have more than one apartment/house, they have free education and practically free medicine.
The free state services decrease formal GDP, but significantly increase real life quality.

 

[ESay]

Here it is. Real GPD is PPP:

Real GDP (purchasing power parity) - The World Factbook

www.cia.gov

It means that Russia is not a third world nation. That most people have a normal life with home, TV, internet, car and everything.

Real GDP is GDP without inflation for some period. You choose some basic year and compare the GDP to this year. Real GDP can be counted using PPP coefficient or using nominal rate of the currency.

Both ways have their flaws. Nominal GDP artificially increases the economies of developed countries; GDP PPP do the same for 'cheap' and developing economies.

Saying that GDP PPP somehow shows the wellbeing of local populace is somewhat hilarious. India is in top 3 according to it, before Japan. So, Indias population, on average, lives better than Japan's? Brazil and Indonesia are in top 10, before all major European economics, except of Germany, and South Korea. But I don't think that someone in their right mind would say that standard of living in Indonesia is higher than in France or S Korea.

 

[Bleipriester]

Real GDP is GDP without inflation for some period. You choose some basic year and compare the GDP to this year. Real GDP can be counted using PPP coefficient or using nominal rate of the currency.

Both ways have their flaws. Nominal GDP artificially increases the economies of developed countries; GDP PPP do the same for 'cheap' and developing economies.

Saying that GDP PPP somehow shows the wellbeing of local populace is somewhat hilarious. India is in top 3 according to it, before Japan. So, Indias population, on average, lives better than Japan's? Brazil and Indonesia are in top 10, before all major European economics, except of Germany, and South Korea. But I don't think that someone in their right mind would say that standard of living in Indonesia is higher than in France or S Korea.

If you take into account that Russia has 140 Million people and India 1,1 Billion, things become more clear.

List of countries by GDP (PPP) per capita - Wikipedia

en.wikipedia.org

BTT:
Interesting article about the Russian airborne forces and how they managed to deploy in Kazakhstan in no time. Use google translate or something:

Kasachstan: Russische Luftlandetruppe demonstriert „Kaltstartfähigkeit“

Die russischen Streitkräfte führen derzeit vor den Augen der Öffentlichkeit den hohen Bereitschaftsgrad und Ausrüstungsstand ihrer Luftlandetruppe vor. Innerhalb kürzester Zeit wurden auf Hilfeersuchen des kasachischen Präsidenten Kassym-Schomart Tokajew nicht nur erste leichte Kräfte nach...

soldat-und-technik.de

 

[ESay]

If you take into account that Russia has 140 Million people and India 1,1 Billion, things become more clear.

List of countries by GDP (PPP) per capita - Wikipedia

en.wikipedia.org

BTT:
Interesting article about the Russian airborne forces and how they managed to deploy in Kazakhstan in no time. Use google translate or something:

Kasachstan: Russische Luftlandetruppe demonstriert „Kaltstartfähigkeit“

Die russischen Streitkräfte führen derzeit vor den Augen der Öffentlichkeit den hohen Bereitschaftsgrad und Ausrüstungsstand ihrer Luftlandetruppe vor. Innerhalb kürzester Zeit wurden auf Hilfeersuchen des kasachischen Präsidenten Kassym-Schomart Tokajew nicht nur erste leichte Kräfte nach...

soldat-und-technik.de

I think you had better not use GDP per capita (both nominal or PPP) at all to support your point. Such shitholes like Russia trails far behind from the US and European major economies.

Your switching to Russian airborne forces is supposed to mean ending of our 'economic' disputes?

 

[Bleipriester]

I think you had better not use GDP per capita (both nominal or PPP) at all to support your point. Such shitholes like Russia trails far behind from the US and European major economies.

Your switching to Russian airborne forces is supposed to mean ending of our 'economic' disputes?

And your Ukrainian beloved economy is a joke compared to the Venezuelan. My point wasn´t that the Russians are the richest, but that they are not poor.

 

[ESay]

And your Ukrainian beloved economy is a joke compared to the Venezuelan. My point wasn´t that the Russians are the richest, but that they are not poor.

My 'beloved' Ukrainian economy occupies its right place in the global relations. Somewhere between Kazakhstan, Algeria and Hungary.

It is the time for the Russians to realize their place in global affairs. Somewhere between S Korea, Italy, Brazil and Spain.

 

[Silver Cat]

My 'beloved' Ukrainian economy occupies its right place in the global relations. Somewhere between Kazakhstan, Algeria and Hungary.

It is the time for the Russians to realize their place in global affairs. Somewhere between S Korea, Italy, Brazil and Spain.

You see, the real place in global affairs depends not on virtual GDP, but on real weapon (first of all - nuclear).