Comments by "Nattygsbord" (@nattygsbord) on "High Russian GDP Growth Explained" video.
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One could divide up the economy into consumer goods, capital goods and military goods.
Russia have always screwed over the consumers, for the sake of the other two. I know that other people don't have the same goals and priorities as me, I see that every time people vote in an election. However I think that is unhealthy and harmful to never throw a bone to the consumers and let people enjoy life. And exaggerated military spending harms the economy in the long run.
Consumers needs to enjoy life. That gives them an incentive to work and to wanna live in the country. It makes people happy - and that is important as we only live a short time on this planet. And sure could one argue that investments into capital goods and long term productivity is better for creating a better life for future generations and will make life better for the country in the long run. But I do however think that we should not forget to also make life better for people who lives on this planet here and now. Taking the entire budget for healthcare and not curing patients today and instead investing all that money into research to find cures for all possible diseases in the long run might benefit endless amounts of people of the future generations. However I think that we also needs to take care of people who live here and now. Otherwise would I not wanna live in a country that sacrifice all human happiness for the greater good and for the future.
I also believe that investments in infrastructure and capital goods will last forever. It will rust, get destroyed by wear and tear, and computers will become old outdated and useless after a few decades. And if there are no demand for the products produced because consumers are opressed - then there are no incentive to produce any goods as there are no buyers for them. And it doesn't matter if the government subsidise production, and minimize production costs by lowering taxes down to 0% and forcing state owned banks to give loans at 0% interest. If there are no demand for the goods, then nothing will be produced by the companies.
And then no one will get employed, and no tax money from the companies will be gained. And the economy dies.
Soviet leaders don't like to hear this, but maybe the people should have more consumer goods instead of trying to invest as much as possible and build weapons. Sure will people buy dumb junk for their money.. USB-toasters, devices for bleaching backholes, books about silly conspiracies, fashion, green ping pong balls and good who knows what.
But if that is what makes people happy, then I think that those things have a value for human happiness.
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