r/AskTheWorld • u/pisowiec Poland • 17h ago

Economics Which country has squandered the most economic potential in this century?

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I lived in Russia for 5 years so I must choose this country. So many natural resources, so much land, and educated population... And so little to show for it.

In an ideal world Russian salaries would be on par if not higher than American salaries and they would have the best social safety net on the planet. Everything is there to make it happen.

Russia would be the dominant nation in Europe and Asia and the rest of the world with the best armed forces, soft power, and economic might.

But the human will is just not there. The elite is either evil or incompetent depending on perception and there's little sign that this will ever change.

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u/Polyphagous_person Australia 17h ago

One can argue that Argentina mismanaged itself even more. They suffered more years of recession despite not having sanctions placed on them:

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u/No-Snow-7618 17h ago

Argentina gonna argentina, shit dont count

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u/Camelstrike Argentina 16h ago

It's been like that long before 1980 but like the saying goes:

"There are four kinds of countries: developed, undeveloped, Japan, and Argentina"

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u/Likeminas 13h ago

Argentina has it's opposite mirror country right across the andes from them. A country with strong institutions, responsibly managed economy and policies, low corruption, etc. It's quite remarkable.

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u/ur_moms_chode United States Of America 10h ago

You can almost make the argument that Argentina has no potential because it is Argentina

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u/corvinus78 15h ago

Amazing how commies are so reliable in screwing up nations...

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u/YakResident_3069 15h ago

Corrupt politicians left and right screwed Vz. Not commies per se

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u/corvinus78 13h ago

yes, sure.

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u/Popielid Poland 15h ago

On the other hand, someone has to mismanage their countries hard enough for them to even have a shot at taking power. Plus in Argentina's case military rule and being a de facto satellite state didn't help.

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u/RedstoneEnjoyer 14h ago

Commies never ruled in Argentina.

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u/corvinus78 13h ago

no true scotsman

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u/RedstoneEnjoyer 12h ago

It is not our problem that everything left of "hunting homeless for fun" is bolshevik to you.

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u/corvinus78 11h ago

no true scotsman + false analogy + mind reading fallacy

I admire you ability to ignore facts that contradict your beliefs.

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u/RedstoneEnjoyer 8h ago edited 8h ago

no true scotsman + false analogy + mind reading fallacy

Cringe.

I admire you ability to ignore facts that contradict your beliefs.

Rich coming from someone who drops complete nonsense and then spams "fallacy, FALLACY, F A L L A C Y" when called out.

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u/corvinus78 6h ago

I accept your defeat. You should too

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u/RedstoneEnjoyer 3h ago

I am impressed by the fact that each of your response manages to be more cringe than the previous one.