This graph would be even more damning if it included the fact that socialist countries economies were mostly real and material ones, based on production of goods, while the capitalist ones are propped up by stonks gambling and layers upon layers of financial instruments. If we deducted this kind of virtual economy the graph would most likely still be way below the 1991 line.
Agreed! I touched on that a bit when comparing the USSR’s GDP to the US Empire’s current GDP below, but comparing to the current economies of Eastern Europe would be even better for proving just how devastating the fall of socialism was, that’s a great point.
This graph would be even more damning if it included the fact that socialist countries economies were mostly real and material ones, based on production of goods, while the capitalist ones are propped up by stonks gambling and layers upon layers of financial instruments. If we deducted this kind of virtual economy the graph would most likely still be way below the 1991 line.
Agreed! I touched on that a bit when comparing the USSR’s GDP to the US Empire’s current GDP below, but comparing to the current economies of Eastern Europe would be even better for proving just how devastating the fall of socialism was, that’s a great point.