Rancid wrote:He's been wildly wrong the whole thread.
He also fails to see how Russia has already lost strategically speaking. All Putin is fighting for is self-preservation and keeping some bits of land at this point. The Pro-Putin crowd is dense. No suprirse there is a strong correlation with MAGA here.
I know but we still need to mention that faulty logic all the time, every time.
It is like the Russians pointing out that the West is out to get them and is keeping them on their knees because the West wants to humiliate them or something. But in reality they are in the shitter because of their own goddamn fault, slide to Dictatorship and inability to build real inclusive institutions for the last 300 years.
It has been scientifically proven that democratic institutions, rule of law, inclusion of people in to politics has direct effect on your prosperity. And when I mean direct effect, i obviously mean causation and not just correlation. This is not a chicken or egg question because it has been answer to be that you get institutions first and then you get prosperity.
For Christ sake, the people who proved this just got a Nobel Prize a week ago but their works have been around for 15-20-25 years and I posted them in this thread by the way somewhere in the earlier hundreds of pages.
So here is the reminder what they got their nobel prizes for:
The Colonial Origins of Comparative Development: An Empirical Investigation:
https://www.aeaweb.org/articles?id=10.1 ... .91.5.1369Reversal of Fortune:
https://economics.mit.edu/sites/default ... ortune.pdfTLDR for the works: First work takes two negative factors like Settler Mortality with the idea that places which had high settler mortality durring colonisation lead to creation of extractive institutions and places that had low settler mortality lead to inclusive institutions prooven with data. Then what is the economic makeup of those places after hundreds of years? Second article does more or less the same but with population density that high population density colonisation lead to extractive insitutions and low population density institutions lead to inclusive institutions and what is the economic situation there now.
All evidence lead to the fact that settlers creating inclusive institutions hundreds of years ago lead to those places overtaking all the others. Even in regions with high starting GDP/Prosperity/Populations it didn't matter and the inclusive institutions regions overtook the high gdp/population places. All more so that low density population places should be ripe for colonisation and extraction insitution creation but it didn't happen. And example of shitholes from 500 years turning in to economic developed countries are plenty: America, Canada, New Zealand, Australia etc etc. There are plenty of negative examples also like India, places in Africa etc etc etc