Comments by "dixon pinfold" (@dixonpinfold2582) on "The Wall Street Journal"
channel.
-
312
-
29
-
18
-
18
-
18
-
18
-
16
-
15
-
14
-
10
-
9
-
9
-
8
-
8
-
8
-
8
-
7
-
7
-
7
-
6
-
6
-
6
-
5
-
5
-
5
-
5
-
5
-
5
-
5
-
4
-
4
-
4
-
4
-
4
-
4
-
4
-
3
-
@frankfahrenheit9537 Beware such economic comparisons. GDP at market exchange rates is good for judging an economy in some ways (its international financial heft, for instance, or the nature of its trade relationships) but is a distortion in all other ways. When judged by the purchasing power of the rouble domestically, Russia's economy is far larger. In 2021, viewed on this basis, it was about 5% smaller than Germany's, meaning close to $5trn, not $1.7trn.
Neither GDP at market exchange rates (also called nominal GDP) nor GDP at PPP (purchasing power parity) tells the whole story. Looking at both is absolutely necessary. For a valid overall judgement you'd be a lot better off averaging the two than looking at only one.
So my point is that, say what you will about Russia's economic weaknesses, it does indeed have a larger economy than Canada, Italy or Spain, three countries often invoked for comparison. Closer to Germany or Britain. It seems headed downwards in the near future, but let's not get ahead of ourselves.
3
-
3
-
3
-
3
-
3
-
3
-
3
-
3
-
3
-
3
-
3
-
3
-
3
-
3
-
@polishtheday Your point is well taken, yet the years between the opening of the Seaway and the close of the '76 Summer Olympics, apart from the separatist troubles, were some of the most glorious in Montreal's history, a flowering in many ways. The Expo was a smash, McGill's profile grew, aerospace and pharma burgeoned, finance thrived. The world took serious notice of it for the first time.
Yes, today Montreal retains good quality of life and other notable strengths, but if it weren't for the political rife that went on for several years and the low-key demoralization and money evaporation that followed, it would vie with Toronto for leading-city status today.
At the same time I don't mean to let on that my assertions stretch out any further than this, that they extrapolate to an overall portrait of decay and misery. No, not that; just something of a stunting of potential. (And in the present context I'm suggesting that some of Chicago's potential may well be scooped up by places like Austin and Miami.) Thanks for your interesting reply.
3
-
3
-
3
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
A lot of people are single, young and in robust health, and love working hard. You don't have to be one of them, but don't pretend they don't exist in numbers, and don't resent them either. If they disappeared from the workforce overnight, or suddenly started doing the minimum, the world's standard of living would soon fall substantially. If you're working 37.5 hours a week, they're actually doing you some good.
(Btw, it's a sad and eternal fact that many people in families hate each other anyway, but are stuck being together, so if work is a refuge for any of them, or spares the others their unpleasant presence, so much the better for all concerned. How I wish that the parent I couldn't stand had hardly been home, and I wasn't the only one who felt that way. We would've been far happier.)
As Frederick the Great said, "Let every man be saved after his own fashion."
2
-
2
-
2
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
@billmeeker774 I agree with around half of that, but the problem there and then was radicalism, violent radicalism, not liberalism. The separatists at that time especially were shot through with real communist pieties. They would rob banks and put bombs in mailboxes and then take off for Cuba.
The prime minister at the time (Pierre Trudeau) was a thoroughgoing Robert Kennedy or JFK-type liberal (like the Kennedys, inspired by Harold Laski at firsthand) but his response was sensibly enough to arrest the lot of them (some 400) and order patrols of heavily-armed soldiers in carefully-chosen areas. He was required to pass a martial law provision in Parliament, which a large minority of people, especially well-off liberals, opposed.
Trudeau could probably be impressed by gentleman communism if he were to witness it, but he had no use for low-class rebels. His dad was a Montrealer of pretty humble roots who married above his station on the way up, made a total mint in gas stations, and afterwards lavished all there was to lavish on his son's very classy upbringing. I think all that made his son's response to the October Crisis quite predictable (not to mention decently solid).
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1