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witchdoctor @lemmy.basedcount.com

9mo ago

GDP per capita progress in South America

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witchdoctor @lemmy.basedcount.com

9mo ago

GDP per capita progress in South America

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38 comments

In case you wonder about Guyana: they discovered a lot of oil in the 2010s.
- ~~And ESA's rocket launch complex.~~. Wrong country, sorry
  
  I guess that does employ a whole bunch of people, but idk if it’s enough to raise the gdp per capita significantly.
  Edit: also wrong country, the ESA center is in French Guyana.
  
  That’s in French Guiana. https://en.wikipedia.org/wiki/Guiana_Space_Centre
- i wonder why the fuck guyana with 60k has the same colour as argentina with 27k
  like, come on. That's not how that should work!

Is adjusted for inflation?

Tf happened to Venezuela?
- Dictator
- Mildly communist government fucked their economy. Corruption ate the state oil company from within.
  
  Communism was the ideological proposal to justify authoritarian power. The political measures themselves weren't communist at all. They seized the means of production… then accumulated those means in the hands of a small group of people who supported the ruling party to stay in power.
  
  And not even, like, smart communists. The kind that think printing more money to pay for stuff is no big deal.
- Brutal US sanctions cut them off from global trade. An over-reliance on oil meant their economy crashed along with oil prices. A seemingly high level of corruption in government. Multiple coup attempts by foreign actors.
  
  Our hyperinflation crisis pre dates US sanctions by about 3 years. People were dying of hunger on the rural towns way before the US sanctions. I mean, fuck the US, but they aren't particularly the reason we are fucked up beyond recovery. And to call them brutal is an exaggeration. They are actually some of the mildest, milk toast sanctions that a country might impose on another. The rich in power still ride around in US made Lamborghinis, Fortunners and Teslas. While the rest of the population works for $5 a month.

Guyana killing it.
- The reward for that is that they have to fend is invasion from Venezuela.
  
  Putin tried to get maduro to stir up another conflict to distract the US from Ukraine. Maduro flew to Moscow right before trying that invasion

Does 4-5x outpace inflation?
- Per the map it's "GDP purchasing power per capita" which sounds inflation adjusted.
- Probably not, but I think it must be inflation adjusted.

How could Venezula start out as the strongest, keep the exact value and end up being in last place?
- Dictator
- Extreme US sanctions because the US has to play Team America World Police against any country that dares socialism.
  
  This is not true. Our economic crisis started with the drop of the oil price which predates US sanctions by 5 years.

I wonder what is driving Chile and Argentinas growth?
A bit surprise about Argentina since I heard they had problems with the economy for a long time. And well Chile as well since in many aspects it is a poor country, with big inequalities.
- China is a big trade partner with Chile. I would assume Argentina or most South American countries too. Chile has a bunch of shipping ports and China has ships with crap it wants to sell.

Those Argentinian numbers look a lot suspicious

It's being distributed, right? Right?
- You were downvoted but it's a valid point. Wealth inequality is huge in south america and I was pretty sure that Argentina is on a massive economic crysis right now, things have not improved across the board here.

38 comments