Which is quite perplexing…

The service economy should not be equated with GDP, which explains why the US has a significantly higher GDP than Russia. For instance, if I mow your lawn and you pay me, and then you mow my lawn and I pay you, we create a decent altered GDP. However, this does not reflect any real added value, as it is merely a transaction between two parties. This fundamental difference is why the West often struggles to comprehend the Russian economy, which prioritizes tangible goods and genuine value creation. Additionally, it is worth noting that debt in the West is also counted as part of GDP, which is quite perplexing. – kKEETON…

WtR

About the Author

Russian_Village

A survivor of six heart attacks and a brain tumor, a grumpy bear of a man, whom has declared Russia as his new and wonderful home. His wife is a true Russian Sweet Pea of a girl and she puts up with this bear of a guy and keeps him in line. Thank God for my Sweet Pea and Russia.