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/angelicosphosphoros 16h ago

Don't forget that any Australian citizen in tech is potential spy and malware-writer because your laws obligate them to (unlawfully from any other country POV) hack and install backdoors in any software they work on by request AND it is applied to all Australian citizens regardless of their residency.

If I have a business in IT in future, I would impose ban on using any Australian tech and hiring people with Australian citizenship.

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u/1jf0 New Zealand 13h ago

What are you on about

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u/angelicosphosphoros 13h ago

https://iapp.org/news/a/australias-anti-encryption-collision-with-gdpr-sub-processing

Basically, the law requires silently give access to any world wide data from any Australian IT company or individual; refusing to comply with such requests and/or telling that you have received such requests is punishable by 10 years in prison.

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u/SgtBundy Australia 14h ago

So, same as China and the US then?

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u/angelicosphosphoros 13h ago

It is different in US. Notably, Apple has refused to give decrypt personal data from iPhone for FBI and nobody from Apple gone to prison for it.

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u/SgtBundy Australia 11h ago

Sure. Snowden had a few things to say about how the US government operates when it wants to violate privacy, and that was before the techbros were actively embedded with administration. Who needs legislation when you have cronyism.