The Pathetic Economy Of North Korea

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North Korea, the most closed-off country on earth. This Asian nation is often the center of intense scrutiny for its aggressive displays of militarism, its internationally condemned nuclear program, and of course its oppressive government dictatorship. A 2014 report by the united nations concluded that the gravity, scale, and nature of these human rights violations does not have any parallel In the contemporary world. What they are ashamed of though, is something that all these media spectacles help to distract from and that is their incredibly small and pathetic economy.
Beyond the dramatic chest-beating and despite all of the opportunities this country has been given it has dwindled into complete economic obscurity and in this video we are going to explore why.
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📚 Want to learn more about North Korea? We recommend reading "Nothing to Envy: Ordinary Lives in North Korea", by Barbara Demick
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Sources & Citations -
Haggard, S. and Noland, M., 2010. Sanctioning North Korea: The political economy of denuclearization and proliferation. Asian Survey
Gray, K. and Lee, J.W., 2017. Following in China's footsteps? The political economy of North Korean reform. The Pacific Review
Noland, M., 1997. Why North Korea will muddle through. Foreign Affairs
Kim, J.C., 2006. The political economy of Chinese investment in North Korea: a preliminary assessment. Asian Survey
Ampson, S.L., 1987. The second economy of the Soviet Union and Eastern Europe. The Annals of the American Academy of Political and Social Science
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2 окт 2019

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Комментарии : 7 тыс.

@EconomicsExplained 4 года назад

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@chalinosanchez696 4 года назад

What a perfect title "the pathetic economy of nk" YESSSSS

@D192706Play 4 года назад

Economics Explained 11 hours ago posted

@Dichtsau 3 года назад

1980: the beginning of the end 1991: the beginning of the end ar' ya stoners or why ain't ya realizin that'ya'r repeatin ya'self?

@shawn8847 3 года назад

Usa bombed Dprk to oblivion and then sanctioned them to death. Theyre doing pretty good considering what USA did to them.

@morrisstudio8372 3 года назад

@@shawn8847 yeaa

@kurtengel4652 4 года назад

It tells you alot about a country's economy when there's literally only one fat guy in the entire country

@EconomicsExplained 4 года назад

Hahaha that’s actually great I like that

@thalmoragent9344 4 года назад

kurt engel To be fair, most Asians aren’t fat to be honest. They have some of the lowest obesity rates in the world. They’re far healthier over in Asia than America ever will be.

@davidgill3356 4 года назад

The Avatar /r whoooosh. Do you not get humor? Or are you just so far up your own ass that you feel the need to correct jokes?

@hwuilee 4 года назад

@@davidgill3356 he's making a legitimate point. You're jumping to conclusions (I.e., that he didn't find the comment humorous).

@steve00alt70 4 года назад

at least they are healthy

@remysadventures-official8357 3 года назад

I think my 'Clash of Clans' clan has more gold than North Korea's GDP

@kylerk576 3 года назад

What town hall are you ?

@griffinp1608 3 года назад

@@kylerk576 I’m a max th10, however after I stopped playing I started to rush, so now I’ve got a th13 but basically nothing is upgraded

@kylerk576 3 года назад

@@griffinp1608 that’s sad

@kylerk576 3 года назад

@@griffinp1608 didn’t mean to be rude but still

@salvadorparra4591 3 года назад

@@kylerk576 I’m almost max town hall 12 :D

@toumakoushik31416 3 года назад

I really feel sorry for North Korean general people.

@Villosa64 3 года назад

i mean yea i would feel bad for anyone that's forced to eat grass to survive and could have their kids eaten by dogs if they do something the government didnt like

@mikutsu5356 3 года назад

@@Villosa64 you feel bad for that when you have to pay for health, take your children to hunting and put a weapon on their hands, borrow a language………. Yeah….. imagine how people who belong where theyre born feel about you🙌🏼

@Villosa64 3 года назад

@@mikutsu5356 How did it went from feelings of pity for people who are being staved of their humans rights to this random rambling lol

@seriouspain4136 2 года назад

@@mikutsu5356 ?

@riccardomurru5799 2 года назад

@@mikutsu5356 Between starving and having to pay doctors and borrowing a language it's surely an hard choice, but i guess i'm more of a don't want to die guy, so i'll take the second one thank you

@Tyler-zq7qt 3 года назад

Ironic to think how North Korea had a bigger economy than South Korea at one point

@akunlama89 2 года назад

@michael boultinghouse its true

@jayyang3377 2 года назад

@michael boultinghouse it's true. Right after the Korean war South Korea was dirt poor, people starving all the time and stuff (source: am Korean)

@diddlypoop4722 2 года назад

@michael boultinghouse I mean "pro-Japanese collaborators" makes it sound like not hating Japan is some sinful act, and entirely ignores the whole 'Empire of Japan being abolished 80 years ago," thing. But I doubt these "collaborators" have any sway, considering the vitriol Koreans hate the Japanese with.

@LongLiveRockAnRoll 2 года назад

Play communist games win communist prizes.

@awsomemodels 2 года назад

Very sad isn't it ? that north korea ended up being what it is today .

@toonbat 3 года назад

The scariest thing I learned today is that Beverly Hills has enough money to run its own homebrew nuclear weapons program.

@KelnelK 3 года назад

It is almost 80 year old technology at this point. It's kind scary how easy nukes are to make. Nuclear weapons are older than electric guitars and polaroid cameras and are simpler than even the most basic computer chips in nearly ever home appliance.

@mazzyfart420 3 года назад

With all the money production studios get from the DoD I think they could just ask for some lol

@billyjoejimbob56 3 года назад

Fortunately, most residents of Beverly Hills are too stingy and self absorbed to contribute to something that doesn't elevate their status with their neighbors.

@mrdictator7030 3 года назад

@@billyjoejimbob56 A nuke would be quite the status elevation

@cameronspence4977 3 года назад

Yeah by that logic, any country or state or province with at least one above average-sized town could too. So every other country on earth. Whats your point? The funding isn't whats difficult about making nukes, its the technical expertise

@GodotOfficial 4 года назад

Have you ever tried North Korean cuisine? Neither have they

@psilocinated8881 4 года назад

This reply was tamed as far as I'm concerned.

@runawayrhino786 3 года назад

They actually have a chain of restaurant’s.

@elimartin3982 3 года назад

Yes I have. I didn’t eat anything for a day

@patricktsai2303 3 года назад

Lol

@kasperaldrin4079 3 года назад

Kimchi is quite tasty actually. North Korea's national dish

@jonathanodom353 3 года назад

The US does not spend 54% of the federal budget on defense. 54% of *discretionary spending goes to defense. This amounts to around 16% of total spending.

@ethanbowman3103 3 года назад

He mentions this

@Fsilone 3 года назад

@@ethanbowman3103 I believe he only added in state budgets, not the point about federal discretionary spending.

@kingmuddy5898 3 года назад

@@ethanbowman3103 yeah he mentioned something different

@bbgun061 3 года назад

That's true. About two thirds of the federal budget goes to social security and Medicare/Medicaid.

@mikutsu5356 3 года назад

And yet they have no money to pay a healthcare system…….. which even north korea has……. 👍🏼

@TravisBroski 2 года назад

This honestly convinced me that if North Korea actually gone to war, they’d crumble internally in just a few months.

@Matt-ec7yb 2 года назад

Exactly. That's why nobody actually sees them as a threat

@TravisBroski 2 года назад

@@Matt-ec7yb The only thing keeping them alive is their nuclear weaponry. Other than that, it’s all just a crumbling nation.

@nplt8392 2 года назад

@@Gkmc-hl2fn i highly doubt North Korea's nuclear arsenal exceeds West's anti-air defenses in technology or quantity

@frankieseward8667 2 года назад

@@TravisBroski especially thanks to the pandemic.

@natebox4550 2 года назад

@@TravisBroski it’s really China, but still I agree.

@2MeterLP 4 года назад

So Beverly Hills could finance a nuclear weapons program?

@RichardBrennan46 4 года назад

It seems to me that Trump convinced Kim to point his bombs at CHINA!!! It would make sense, and the Koreans would have the Chinese by the balls lol

@sitruk6120 4 года назад

richard mc awesome not really China’s army is growing rapidly and nearing America’s. China has 260 nukes whereas North Korea has 20-30. If China was attacked by North Korea, Russia would be involved, and there would be a huge war in Asia.

@epicgamerzfail4575 4 года назад

@@sitruk6120 yes, but if a hypothetical North Korea invades China, who would Russia side with? Especially if there's no us influence at all, I feel Russia would side with the koreans since they would likely see them as the lesser of two evils (knowing that China is much more of a threat and having an excuse to cripple them)

@sitruk6120 4 года назад

EpicGamerzFail Russia might side with China though so that they don’t have to fund Koreanmoney

@Pz519 4 года назад

Yes. Welcome to Hollywood

@knife-chase 4 года назад

“This is North Korea”. No, that’s your RU-vid logo.

@EconomicsExplained 4 года назад

AAAAHH you got me :(

@jarrodong4430 4 года назад

What’s the difference

@Tomer-oy1hj 4 года назад

I was fooled first time I watched the video, thanks

@Eza_yuta 4 года назад

Plot Twist : EE tried to tell that they are the North Korea.

@isaaclaf1000 4 года назад

@@EconomicsExplained EE has a slightly bigger economy.

@Kuratius 3 года назад

"This is North Korea, the most closed off country on earth" *Shows EE channel logo* Are you trying to tell us something?

@Zorcon741 3 года назад

The day they get a mcdonald's you know we won.

@mikedawolf95 3 года назад

Reminds me of a picture of an old nazi government building being turned into a Burger King.

@dontknowwhattoputhere2793 3 года назад

Yea just like pizza hut in soviet union

@bloodlustshiva1 3 года назад

Reminds me of a story I heard from a WW2 vet; a buddy of his and his squad were all eating and talking when a Nazi officer caught them off guard. He had them at gunpoint, then noticed that they were eating cookies and smoking cancer sticks. The officer and his command had been dealing with the elements, sickness, and starvation, and when he saw this, he handed them his gun and begged them for food. When your enemies can have luxury items sent to them *in your backyard* while you are starving, you have lost.

@g0679 2 года назад

You must view SUPER SIZE ME.

@Zorcon741 2 года назад

@@g0679 who hasn't seen that movie? It's on RU-vid for free. There's even a second one too

@thewrustywrench21 3 года назад

It’s funny they think they can fight a war when half the men and women they’d send would die of starvation a month after deployment

@philly_cheese_dog1530 3 года назад

Or end up joining the other side

@deathstarwontsaveyou9892 3 года назад

They have been indoctrinated into their country they dont know any better. Most north Koreans have been told the US is evil since they were born.

@thewrustywrench21 3 года назад

@@deathstarwontsaveyou9892 Yes but even they know they wouldn’t be able to supply their troops with enough food.

@jimboonie9885 3 года назад

@@thewrustywrench21 Thats why they import from China

@djazayri213 3 года назад

You need to consider the global picture. China wouldn’t allow the destruction of North Korea and an ally of the US right on its border. And, despite what you might think, South Korea doesn’t have enough power ( I mean by itself) to ensure its victory. And you also need to understand all the rhetoric behind the regime which I perfectly understand since I come from the only other country in the world which is also officially called "Democratic and Popular" until today. Basically since your childhood you’re taught that the enemy of the nation is at the gates and can invade at anytime and so the Nation needs to be ready and prepared for war. That’s why everything goes into heavy industry and the army (+ all the rhetoric about the heroic revolutionary army, guardian of the borders and defender of the Nation). And in the case of North Korea it must be particularly effective since the West already went at war against them and obviously some shady things were done(+the two nuclear bombs used by the US who are the only country to have ever used it which justifies the nuclear program by itself). So even if they understand, most people would still stand for the country. Without even talking about the Intelligence services and the whole penitentiary system which add fear on top of that.

@ghostnoodle9721 4 года назад

Oppressive dictator: *Throws people in prison for not liking them* Impressive dictator: *Rap battles constituents for the throne*

@blorblin 4 года назад

Expressive dictator: writes strongly-worded anger poetry to depose enemies.

@uncay2769 4 года назад

@@blorblin well i know one but he don't write it he makes angry speeches

@Macto5 4 года назад

@@blorblin The way things are going, the US is only a couple of generations away from electing presidents with battle rap tournaments. That or number of likes on Twitter...

@user-xg8yy7yl1d 4 года назад

@@blorblin Literally what Hitler did

@DeadKraken 4 года назад

@@Macto5 My country needs to adapt those techniques as well. Rap battles and Twitter likes are way better than the usual bullshit politicians spit out in their campaigns lol At least I'd be entertained if they lie during rap battles

@moritzrossbroich 3 года назад

The 2700 dislikes are all the north korean rich people who used their 5 minutes of yearly internet access to punish you for expressing your opinion.

@regileblindsea 2 года назад

Expressing his opinion and working from bias in a video that's trying to come across as educational is actually a problem. Not that that's entirely his fault, it's the way every American source of news is opinionated that people get used to thinking that's supposed to be how it works.

@devinixm8235 2 года назад

@@regileblindsea obviously you cant or understand a joke

@LV-426... 2 года назад

AOC, Bernie Sanders and Nancy Pelosi also struck a dislike each.

@moritzrossbroich 2 года назад

@@LV-426... Ok republican

@zeamethyst-M4Z 2 года назад

@@regileblindsea the owner/producer of this channel is clearly not American...

@theroadtripraven6694 3 года назад

Just remember, that even as a middle class westerner, you are probably wealthier and will have more opportunities than even some of the government big shots in north Korea. Don't take anything for granted.

@shiftxrqt 3 года назад

As middle class westerners we are probably in the 0,001 percent of humans in all history with the most opportunity choice comfort

@SalmanM190 3 года назад

@@shiftxrqt and people take that for granted, it’s a sad world

@covenawhite4855 3 года назад

Even a person above the poverty line working at McDonald's have food.

@mikutsu5356 3 года назад

@@shiftxrqt is that what you tell yourself to justify not having health care?…… …..

@shiftxrqt 2 года назад

@@mikutsu5356 No..... ......

@johntumahab323 3 года назад

Everything I need to know about North Korea's economy is visible from space. At night, you have South Korea all lit up on all the major cities, roadways, etc. In North Korea, you got a single blip of light on Pyongang...and darkness everywhere else.

@michaelnewman7248 3 года назад

Imagine the amateur astronomy out there!

@jonathandemiguel1458 3 года назад

And the blip is even temporary... until midnight

@thunderbird1921 3 года назад

Two blips of light from what I've seen, Pyongyang and Wonsan, the coastal vacation city of the elites. Other than that, yep, total darkness. The international borders are so clear for that reason (Lights all over South Korea and the North Korean-Chinese border, then mostly black in between).

@salmanpaul5672 3 года назад

There is no light pollution here!

@kurtwagner350 3 года назад

@@salmanpaul5672 you from North Korea?

@SoundsOfTheWild3 3 года назад

If German reunification was difficult, I can't imagine how hard a Korean reunification would be.

@hamzaferoz6162 3 года назад

A unification of the Koreas will tank the Economy.

@jacoblee8989 3 года назад

@@DJDiarrhea but look at Germany today, strong economy. It would tank in the first few years but then would go back up and likely surpass the previous amount

@alanwatts8239 3 года назад

@@jacoblee8989 Germany is one of the most advanced countries nowadays.

@lurgee1706 3 года назад

@@jacoblee8989 It's not really fair to compare East Germany to North Korea though. Sure it was lagging behind the western part, but the difference was nowhere near as big as that of the two Koreas. If the south and the north unite, the former would basically need to build everything from scratch for the latter while feeding their entire population. The economy might as well just implode. And then there're also cultural differences that are much more severe in this case. Afaik the nations drifted so far apart they can barely understand each other language wise at this point. Essentially they are two different cultures that just happen to have a common ancestor.

@andrew_li 3 года назад

@@CARILYNF Yep that's correct. So many people have the impression that there's such a big language gap. But that's not the case, at least to me. I can read North Korean signs or slogans and fully understand them. Or I can listen to a native North Korean speaker and fully understand 80% of what they're saying with ease. The main differences is in vocabulary and intonation in accents. It's mostly regarding modern words - the fact that South Korean has integrated a lot of English loan words into its language while North Korean hasn't. In terms of pronunciation, I'd say they're even closer than how American/UK English are spoken. For example there's a huge difference in how vowel sounds are pronounced in UK and American English. The 2 Koreans don't have that problem. The only reason why there's no problem in communication between the two English accents is because there's so much British and American English in media that everyone's used to hearing each other's accents. It's so sad how close, yet so far apart they are.

@Lost_Scarf 3 года назад

Whoever did the title, tell them *I love them. 😂*

@torgeirbrandsnes1916 2 года назад

I wonder how the Monopoly board looks like in North Korea? Probably half the board is «go to jail»

@lithunoisan 4 года назад

I’ll have a 5 year plan How original How about a 7 year plan Daring today are we

@ludwigvanel9192 4 года назад

#LizWarren also has a plan for everything. Coincidence?

@user-mz7cn9hq8v 4 года назад

I can see this meme

@noonehere4332 4 года назад

How about a 7.1 year plan.

@Josh-oj9mm 3 года назад

@@ludwigvanel9192 "Hitler owned a dog!"

@ludwigvanel9192 3 года назад

@@Josh-oj9mm And he probably had underlings to walk it.

@hereLiesThisTroper 4 года назад

Q: Why is Kim Jong Un so cruel? A: because he doesn't have a Seoul.

@solomale2156 4 года назад

But he has a pyongyang

@kentchesterorillo4786 4 года назад

Nice one comrade! Hahahah

@hereLiesThisTroper 4 года назад

@@zhg4485 the South will respond with K-Pop.

@loosecannon8340 4 года назад

Ba dum tis

@mlgprussian7115 4 года назад

He was a long wang

@ChairmanMeow1 3 года назад

I knew its economy was, uh, limited, but wow I didn't realize it's THAT small.

@33axelcaceres53 3 года назад

Economy of North Korea: *exist* Economics Explained: *P A T H E T I C*

@leopardgeckoonsteroids7012 3 года назад

👏👏👏👏😒

@user-mh6pz8rq9d 4 года назад

North Korea: I'm the most closed-off country on Earth Turkmenistan: hold my carpets

@lllool8404 4 года назад

At least it's not a hereditary dictatorship.

@sodinc 4 года назад

@@lllool8404 lol

@epithet052 4 года назад

Sealand: am I a joke to you

@georgs.16 4 года назад

Atleast it has a funny cult of personality about Berdimuhamedow.

@TheBossmop 4 года назад

Hold my Ayran.

@voltairefelgrand8508 4 года назад

When can I expect Disney to buy North Korea? We could literally have a Disney land where Mickey Mouse is the president.

@Psychonau 4 года назад

you should know that north korea houses a famous studio for animation that did work on some disney movies in the past (SEK Studio)

@PotatoPI 4 года назад

It already IS Disneyland

@delta2372 4 года назад

@@PotatoPI it's Disneyland for our politicians and how they want to run our nation's.

@agus2001 4 года назад

Well, we have Winnie Pooh in China.

@Rougealienpirate 4 года назад

One dictatorship for another but it’s a cartoon monopoly

@benjaminfrazier1039 3 года назад

The Kim family including Kim Jong-un gets nearly everything while nearly everyone else in North Korea get almost absolutely nothing. That is just horrible.

@mikutsu5356 3 года назад

That’s exactly what you do to puerto rico and every overseas state so…….

@vikrant6036 2 года назад

Both the US and NK kim family are bad for your mental health. Please stay away from them.

@ahtes2458 2 года назад

@Imagination Wonders yes you do lol. You’re a democracy.

@shauncameron8390 2 года назад

@@mikutsu5356 Puerto Rico, Guam, USVI, American Samoa, etc. are not starving.

@pumpkinhill4570 2 года назад

That sounds strikingly familiar...

@lazydaisee3997 2 года назад

A family friend was in North Korea and had to take a colleague to hospital with a broken arm. The X-ray machine at the hospital was unplugged (donated from USA) and a technician sat looking at a blank screen pretending to make a diagnosis. He doubts the machine had ever been used.

@StuUngar 3 года назад

I was in grad school with a South Korean who has family in the North. When Moon Jae In met with Kim Jong Un, my school mate was on cloud nine. So hopeful that Korea would be unified and he would soon see his family in the north. Shame the talks didn’t amount to much.

@goatface6602 3 года назад

Politicians are thugs in decent suits. Government is organized crime.

@Presidentofthepresident 3 года назад

North Korea will eventually fall, history had repeated itself before and will do so again

@warrior9326 3 года назад

@@Presidentofthepresident yep

@looinrims 3 года назад

The death of Kim Jung Un may lead to unification if he doesn’t line up everything properly And he likely won’t

@warrior9326 3 года назад

@@looinrims if kim jo un die her sister is likely to take throne and she is more evil than kim so if kim died it can be worse

@frednerk3477 4 года назад

The Korean war did not end in 1953. They simply agreed a cease-fire, which still continues.

@drakashrakenburgproduction5369 3 года назад

Yeah we're technically still at war with them. We never signed an actual peace treaty with DPRK. Just an armistice.

@gabriielsc 3 года назад

They are alone in the world. Literally every country on the planet does not trade with them and they are also heavily sanctioned. I do not support them but it's kind of impossible to have a strong economy if you can't trade with anyone.

@gintarwe 3 года назад

They actually do trade with China mostly, Vietnam and Russia. But obviously it’s not enough and they refuse government aid

@aperturemichelle 3 года назад

And export massive sculptures to African countries. kinda like my rim world experience, they export art as a primary source of economic growth and their people live in slums developing rocket technology XD.

@88balloonsonthewall70 3 года назад

LOL the tile makes you think Kim Jong Un did something to you personally.

@marc9324 4 года назад

"Let's try capitalism" "That's a good trick" I see you're a man of great culture.

@randall172 4 года назад

the problem with capitalism for weak nations is that they have to sell their souls, and sovereignty

@marc9324 4 года назад

@@randall172 That's more or less true.

@studiosraufncingr6965 4 года назад

hello there

@affentaktik2810 4 года назад

Randall Young no that only applies to ex-communist countries like in eastern europe just look at the netherlands theyre doing great down there

@randall172 4 года назад

@@affentaktik2810 no that applies to any non-western countries. the west sanctioned mugabe to death after he took the colonialist's land. compare that to mandela who sold out native africans in the name of "prosperity" where that basically means they'll be hired help in their own country.

@Leigh_Wolf 4 года назад

The US does not spend 54% of its budget on the military. You’re confusing discretionary spending with total spending. It’s closer to 15-17%.

@EconomicsExplained 4 года назад

Yes this was a major boo boo with my voice recording. I had that written down on my script and then just stuffed it right up and didn’t notice until people pointed it out here. Fortunately the portion of GDP figures are still correct.

@balengdeh4812 4 года назад

its still ridiculous, focus first on your huge amounts of homeless people, healthcare services and internalized social conflicts like a normal developed country

@ludwigvanel9192 4 года назад

What does discretionary spending mean? Black budget?

@Nayhan123 4 года назад

fábio a normal developed country relies on the us for protection

@josueaparicio7888 4 года назад

@Soturian Plus it affords us the greatest military in the world by a long shot, which is pretty useful.

@newleafoverit 3 года назад

"relying heavily on China" ah yes that's the worst possible thing you can do

@WhatHappenedIn-vt3vq 2 года назад

Geo-politics are a differant thing entirely. For NK, Its litterally the best thing they can do for themselves and for China

@BatMaam7585 2 года назад

Yeah, so you know it's bad when that's their best choice.

@apseudonym 2 года назад

australia knows how that feels

@dukenukem5149 2 года назад

@michael boultinghouse Yeah... you don't speak for all Americans. Sorry bud.

@pogo8050 2 года назад

@michael boultinghouse ok tough guy

@taxevasion4870 3 года назад

Sorting the comments by newest first made me lose faith in humanity

@KingArthur39 2 года назад

Most of people defending NK are bots. They don't have profile pictures, have generic names and no activity in their channel

@dustyfox6511 4 года назад

"The Korean War Ended in . . . " . . . The Korean War is still going . . .

@EconomicsExplained 4 года назад

dammit you technically are correct

@711jastin 4 года назад

@Serg supreme leaders from both sides met on the NK border, having a delightful and peaceful talk.

@baronvonjo1929 4 года назад

Lol

@anisyyxux 4 года назад

@@baronvonjo1929 lol

@yurikimjongil 4 года назад

1952 was just a ceasefire

@rock3tcatU233 4 года назад

North Korea is still the best Korea according to Korea magazine.

@bobs_toys 4 года назад

@DUCATISLO that's a good question. Definitely more stable than venezuela. But probably because all the bad stuff has already happened.

@Novusod 4 года назад

North Korea is best Korea is just a silly meme.

@bobs_toys 4 года назад

@@Novusod thank you for volunteering for the camps ahead of me when they red dawn the western world.

@mcdonalds452 4 года назад

@@bobs_toys That ain't a question, its a fact

@bojanglesfries 4 года назад

I prefer west korea.

@taylorbrooks1700 3 года назад

I don’t ever wanna hear anyone say that centralized govt. is viable ever again, NK had literally the 2 most successful commie countries of ALL time helping them and still failed. SK is wildly successful with minor help, and currently need no propping up unlike NK.

@shauncameron8390 3 года назад

Exactly.

@enderkatze6129 3 года назад

I mean, tbf NK is also being governed Like in a Victoria 2 Game where the Player has No Idea what they're doing. China seems to fare Just fine with a relativly similar economic structure

@siddhantgupta5984 3 года назад

@Ender katze You are really wrong about that. China is the most capitalist "communist" country ever. China was struggling under Mao. Only after Deng Xiaoping brought in librelisation did China was put on a path to economic success. Some of the areas in China like Shenzhen and other SEZs puts hard capitalist countries to shame. Moreover even in state owned enterprises they have incentivized work such that the executives can take part in the profit. The CCP tolerates private enterprise and helps them get land very easily with extremely low regulations to facilitate economic growth.

@georgeousthegorgeous 3 года назад

@@siddhantgupta5984 China = capitalist non-democratic state with sometimes close to total control over their citizens.

@274pacific 2 года назад

Korea is the *perfect* case-study for the efficacy of communism and capitalism: you literally split a county in half and have each side pick one or the other, and run with it. Fast forward 70 years and the proof is plain to see.

@LV-426... 2 года назад

Same was for Germany. Also look at Karelia and look at Finland.

@abudgie6909 2 года назад

Except that one was relentlessly bombed, sanctioned and condemned by the USA, while the other received economic aid. It’s hardly a fair comparison. The BRD also received heavy monetary support in the Marshal Plan, whereas the USSR, which lost 20 million people to the nazis, had little to give the East Germans. Context, people. Countries don’t simply exist in a vacuum and they certainly don’t all start out in the same conditions. Fidel Castro said (approximately): people are quick to point out failed socialist states, but where are the successes of capitalism in Asia, Africa and Latin America? Compare the living standards in Cuba to those in Colombia. Night and day difference. In fact, Cuba outperforms even the USA in terms of food insecurity rate, infant mortality, life expectancy, homelessness (there are no homeless at all in Cuba), literacy rate, I could go on. And consider that the island has been under internationally condemned US sanctions since 1961. It essentially cannot import any goods. People there are stuck with cars from the 60’s, yet they enjoy higher living standards and social safety than the richest country on earth.

@elmohead 2 года назад

...or you can pick a random democratic country in Africa and compare it to China... Not a fair comparison at all.

@GoldenElixir8971 2 года назад

@@elmohead Guys, no comparison is completely fair, both of the countries got some aid that the other didn't get

@elmohead 2 года назад

@@GoldenElixir8971 hmm... Let's see... USA parks carriers to block NK while aiding SK... Totally fair

@JAMamation 4 года назад

You can fit more than two North Koreas into Jeff Bezos's bank account.

@vooteimer1234 4 года назад

JAMamation Bezos already has a north korea in his bank account. its called america

@jadenstrong 4 года назад

@some guy No shit

@whatisbow2865 4 года назад

@some guy Okay let's call it Jeff Bezos' pocket

@andihuang8638 4 года назад

@some guy the real guy who have that much money is a corrupt mayor from CCP, like 13.5ton gold and 30+billion Poundsterling

@moonshade99 4 года назад

Eh, now it more kind of one north Korea with his bank account and another with his ex wife's

@kita7136 3 года назад

When Vermont has a higher GDP of North Korea, something's not right

@Actias1974 3 года назад

As a Vermonter; I approve this message.

@eugene44569 3 года назад

@Dhyeya Patel the entire net worth of bill gates is bigger than the entire economy of north korea

@iwillstealbradyandlockhimi3523 3 года назад

@Dhyeya Patelalso North Korea kinda feels like it’s the kid that was left out. All of its Neighbors, South Korea, China, Russia have economies in the trillions while North Korea is being beaten up by an old man named bill

@hotman_pt_ 3 года назад

@Dhyeya Patel it's not fascist, it's a dictatorship. But anyway north Korea is isolated in the world, as no one wants to protect it anymore aside from China, that may be his biggest trick. China can basically do whatever they want with North Korea

@hotman_pt_ 3 года назад

@Dhyeya Patel North Korea is forced to close to the rest of the world because the dictatorship doesn't work anymore if people have access to free information. However, North Korea is not fascist, it is a communist regime

@A_Random_Person324 3 года назад

north korea is like me trying to have a stable economy in Tropico 3. i'm always in the negatives below -$10k and still fail to make an economy

@coffeemannypd 2 года назад

Buiild 2 more Tobacco-Plantations and 1 more Cigar-Factorys. Youll be fine.

@nicholasbrown5013 2 года назад

@@coffeemannypd rum and cigars. My man!!!!

@user-iv4bv5rv7w 3 года назад

What a wonderful time to be alive a time where we can trashtalk a dictator without the threat of being assassinated

@IMP_ROM 3 года назад

You try and do that in North Korea, and well, gulag.

@federicopalacios7439 3 года назад

Try to do that in their country. You could always bad mouth a dictator when you are thousands of kilometers away from them.

@bloatedblitz 4 года назад

"Aggressive displays of militarism" *Shows people singing*

@howardmaryon-davis666 4 года назад

BloatedBlitz Not showing lines of soldiers off camera pointing guns at happy people dancing...

@gg3675 4 года назад

Sends shivers down my spine

@Karmillina 4 года назад

To be fair they are singing rather aggressively

@jackers30 4 года назад

The Bible proves it's a great strategy! The fall of Jericho occurred because people screamed for 7 days

3 года назад

Like no other country we know...

@antic2347 4 года назад

Can you talk about the Russia’s post soviet economy and the transition to a market economy

@CzornyLisek 4 года назад

Apart from name I doubt there is that big of difference at least in Russia

@GamerFish99 4 года назад

@@CzornyLisek Its a BIG difference. Its more capitalistic than the USA now

@fl3669 4 года назад

“Market economy”. Lol Russia is far from being a market driven country.

@georgbergsten6050 4 года назад

A Friendly Outlooker yeah except China relies heavily on capitalism for it’d growth my dude

@20035079 4 года назад

@Alex Libman they're doing worse than their previous soviet union incarnation lmao

@anhquantran712 2 года назад

Not related but the sad part is: Despite being some of the poorest nations in the world, the North Korean government is fully capable of feeding their population, the government just choose not to because from their point of view, it is easier to control the population when the people only focus on not starving and surviving for another day

@johnpolitis9060 Год назад

That is another lie! The government does feed their population because one cannot control people if they are dead or are too weak to work! North Korea has a balance of Industry and Agriculture! It is easier to control a well fed population than any angry mob! Remember the French Revolution! I don't think the government there is that stupid to end up King Louis! It would not be in their best interest! More USA Imperialist Lies.

@nauticalnovice9244 Год назад

{Citation Needed}

@maplemiles3381 8 месяцев назад

@@johnpolitis9060why is 60% of its population in poverty. Most people who flee to South Korea start living a better more happier life and never go back to North Korea. Talk to a person who has fled North Korea and your little "western lies" will straight be irrelevant and you need a reality check. North Korea is declining and the average person gets nothing

@Thrill0g 2 года назад

Great video! Thank you!

@michdem100 4 года назад

So the moral of the story: Don't spend too much money on army

@Imtotallydiggingthis 4 года назад

Just that when you are a dictator, the generals are among your key supporters, so you need to keep them happy. As far as Kim is concerned, things are pretty dandy as they are I bet.

@ryangriffith5551 4 года назад

That’s not it at all... it’s about how socialism fails.

@therealnoodles7638 4 года назад

@@ryangriffith5551 unregulated free market capitalism also fails. Too much of one thing is not good.

@ryangriffith5551 4 года назад

The real noodles I know that! I didn’t say it was??

@ryangriffith5551 4 года назад

I’m merely pointing out he totally missed the point of the video.

@TrashDeviant 4 года назад

As an Australian, its so weird hearing an Australian accent again after listening to Americans all day.

@carlosandleon 4 года назад

i thought that y British

@marcushendriksen8415 4 года назад

Tell me about it! I mean, I'm a new zealander, but the American accent is indeed everywhere

@pizzapiebaguette3893 4 года назад

@@marcushendriksen8415 Well RU-vid is an American made platform

@justforfun9780 Год назад

@PizzaPieBaguette And the amount of Americans is 5x as much as the amount of Australians and Britons combined.

@gimme2681 3 года назад

Loved the video! Thanks!

@mikkelnpetersen 2 года назад

Sounds like North: Strong start, but declines over time South: Weak start, but rises over time.

@274pacific 2 года назад

“Strong start, declines over time” is sort of like Animal Farm.

@elmohead 2 года назад

Funny how when one is heavily blockaded and sanctioned while the other is aided... It turns out that the one that gets help rises over time.

@shauncameron8390 2 года назад

@@elmohead North Korea got plenty of Soviet and Chinese help and yet still went backwards. It's not South Korea's fault that North Korea squandered all the help they received and reduced itself to its current pathetic state.

@0.0Seymour 4 года назад

When Jeff Bezos has a larger net worth than North Korea's GDP.

@mildlifeisatrisk5727 4 года назад

He could buy North Korea with one credit card, if it was for sale

@loudermusic 4 года назад

larger than most countries and it's wrong, it shoudn't be like that.

@0.0Seymour 4 года назад

@@loudermusic It's not wrong. He worked hard for his money and that's great.

@rayzas4885 4 года назад

Music Man Should a company really be more economically powerful then a lot of countries tho?

@0.0Seymour 4 года назад

@@rayzas4885 Yes, it is their right to make as much money as they please. The American Dream. There is nothing wrong about it.

@dougstubbs9637 4 года назад

The most common phrase on yt when commenting on a communist nation “ just when things couldn’t get any worse, they did”.

@raaaaaaaaaam496 4 года назад

HKZ P not communist

@raaaaaaaaaam496 4 года назад

HKZ P barely even socialist

@ThobiasTutorials 4 года назад

HKZ P Lol no

@austro-hungarianegonomist9049 4 года назад

literally the worst over-repeated myth

@Chalaxandler 4 года назад

Austro-Hungarian Egonomist it’s not a myth it’s a statistical fact. Name one communist nation that turned out like the utopia it’s theorized to be. I’ll simultaneously wait for a response and take a moment of silence for the 20 million+ lives that were subsequently lost due to communism throughout the twentieth century.

@soup6823 3 года назад

North korea is like that one girl that holds grudges forever and can’t get over things.

@antekknapek4635 3 года назад

Love your pfp man

@hamzamohamed9862 3 года назад

ur pfp is hilarious

@unnamed7481 3 года назад

It’s kind of hard to not hold grudges when most of the world wants you to not exist.

@soup6823 3 года назад

@@unnamed7481 it’s kind of easy to just go with the flow and accept your odds instead of openly resisting AND failing might i add.

@unnamed7481 3 года назад

@@soup6823 Well the issue is that one of the caveats is that they need to denuclearize, and that isn’t going to happen, and after seeing what happened to Iraq in 2003, I can’t blame them for wanting nuclear weapons.

@theknifedude1881 Год назад

Thank you. This is the first time I’ve watched your channel. I have subscribed and intend to watch it.

@Sakai_Jin 3 года назад

The Kim family has a huge God complex.

@thunderbird1921 3 года назад

It is CREEPY. They have gigantic statues of both Kim Il-Sung and his son Kim Jong-Il that people bow down to, and their actual bodies are preserved and publicly viewed. The North Korean calender begins with Kim Il-Sung's birthday, "The Day of The Sun". It's literally the world's largest cult.

@pasta8709 3 года назад

@Moritz der Echte sure.

@pasta8709 3 года назад

@@thunderbird1921 Indonesia almost fell into this when the first president claim himself to be the "president for life" and lead the country with his "guided democracy", it doesn't end well.

@paulklp8262 3 года назад

@@thunderbird1921 Surpassed recently by the MAGA cult.

@thunderbird1921 3 года назад

@@paulklp8262 LOL no. The Kim cult is on a completely different atmosphere level.

@michaelkranyak4525 4 года назад

Little Kim drives a large BMW while its people ride bikes, an during a recent crop failure ate grass and tree bank. My next vacation will not be Hermit Kingdom.

@kalebsimanjuntak4467 4 года назад

Acctually he drive a mercedes

@jackkraken3888 3 года назад

Well maybe he could try some bark. Very good for weightloss. Gluten free too!

@aastha4532 3 года назад

They say owning a bicycle is like owning a BMW to North Korean people

@jimboonie9885 3 года назад

Kim got communism for himself

@thunderbird1921 3 года назад

While rural people of his nation desperately ate boiled tree bark, Kim chowed down on steaks and sipped Chilean wine. Communism: The greatest and most evil hypocrisy in human history.

@CiceroSolo 3 года назад

Great video. I know you simplied the S. Korean example for brevity but I think it's important to state that S. Korean industrialisation was an enormously complex enterprise of economic protections, tariffs, export substitution and huge investments in a variety of industries. At the beginning of it's journey it had half the population of N. Korea, was much less industrialised (a consequence of Japanese investment), less educated and as poor as Angola. The triumph of S. Korea was a triumph of intelligent industrialisation in the American and Japanese model.

@mephistovonfaust 3 года назад

Thank you for having a very low volume video that all of my neighbors got woken up to be informed about company XYZ when the in video ad started playing....

@idonthaveanygoodnametouse1704 4 года назад

North Korea: *THIS VIDEO IS NOT AVAILABLE IN YOUR COUNTRY*

@ludwigvanel9192 4 года назад

No videos are available in North Korea, not even ones Betamax, or 8mm. No internet, remember?

@DuduPRT 4 года назад

This platform is too capitalist piggy US propaganda.No YT for you.

@muffinman2546 4 года назад

They _do_ have a city somewhere that connects them to the outside world for information and supplies.

@josephgaviota 4 года назад

Most of the country doesn't even have electricity.

@tadiqshahid4625 4 года назад

@@josephgaviota Yeah.... I mean just look at a satellite image of North Korea vs. South Korea at night. www.businessinsider.com/north-korea-is-pitch-black-at-night-2015-10

@c0mpu73rguy 4 года назад

Are you saying that Beverly Hills has enough income to build its own military vehicles and missiles?

@klotzinatorinho 4 года назад

Not really, since labour and real estate cost would be much more outside nk

@aliensoup2420 4 года назад

@@klotzinatorinho Good point - NK is essentially a huge slave labor camp.

@ritwikreddy5670 4 года назад

yeah, but it's income comes from elsewhere and has an economy comparable to tax haven Caribbean islands.

@alexpotts6520 3 года назад

It's more like North Korea can't afford those things. It pays for them anyway because the regime prioritises self-preservation over the welfare of its citizens.

@MrRedsjack 3 года назад

If you took all the taxes that Beverly hills pays to the government (in all forms) and kept 25% you could probably hire the entire military of some third world country full time.

@hamood1884 3 года назад

Loved the video! I never really got to know why everyone is against North Korea. I have heard lots of outrageous claims but I did not really know if it was true nor did I research into it - this video is gonna pull me into another rabbit hole, isn't it-

@jeffsiegwart 2 года назад

Nice Job!

@haloborn6785 4 года назад

When you center your economy in military might in civ 6 and all the AIs denounced you and you have no trade and your economy is slowly decreasing due to funds of maintaining the military

@davidrenton 4 года назад

lucky Gandhi's not playing

@ludwigvanel9192 4 года назад

The military must then be used to keep the people in line, meaning more financial losses. Is there a thriving international trade among communist dictatorships (Venezuela, DPRK, China, well, that's it these days. The Soviets had the Gulag to earn some money. But they also supported a number of commie regimes)

@unitrader403 4 года назад

@@davidrenton well, Gandhi would just put all the money into Nukes. :D

@cageybee7221 4 года назад

@@ludwigvanel9192 the primary revenue source of the soviet union was state owned industries. they had their own currency, the ruble, which the issued and collected very few taxes, making most of their income from th eprofits of state industry. the gulag made very little money for them, it was more a system of punitive reform than a way to make money.

@ludwigvanel9192 4 года назад

@@cageybee7221 But in my mind, their ownership of the Ruble would make them inflate gargantuan amounts, until the currency popped. Surely, even in a totalitarian despotism like communism, that cannot be supprrssed for long, and still, they lasted until 1990? About 80 years. Lenin called communism "socialism with money" I guess you're right about the gulag, slavery is not an economically beneficient system, in part due to all the control that must be exerted over "the traitors to the revolution" Stalin had them dig rail roads that cost vast amounts of lives but were hardly used since. The Gulag was a combination of opportunistic self-funding and punishment to strike fear in the population's heats. How dare he! He owes the job to the people, without whom, there would be no nation state. Instead of serving them, he dominated them. The people can exist much more easily & comfortably without politics, but politics is nothing (literally) without the people.

@benmooney280 4 года назад

3:05 look at that huge city with only one vehicle driving on the road. It’s like a post apocalypse movie lol

@jdhill4 4 года назад

I saw this video once where a traffic lady was dutifully directing traffic at an intersection. She would signal to stop cars coming from one way so others could cross from another. Then she would direct another group of cars to come through the intersection. Of course there were zero cars of any kind or people in the intersection. Some weird dystopian state.

@BendyDH 3 года назад

I am also fairly certain that most North Korean buildings are literally just empty shells that serve no actual function other than to make it LOOK like a real city

@MM-gr2tq 3 года назад

Bendy I also read about a fake town in North Korea close to the DMZ,

@petergilkes7082 3 года назад

Bastards! Not polluting the world. They must be invaded!

@ethereumfoundation2009 3 года назад

@@petergilkes7082 What? They are polluting a lot but no ones going to invade them.

@cinemint 3 года назад

I chose North Korea as my focus country in a college Macroeconomics course. Yeah... I failed that class. Don't do that.

@cinemint 2 года назад

@Rice Field we needed to use three unused sources for each weekly paper. There are only two sources I can use for NK. Two.

@cinemint 2 года назад

@Rice Field my teacher was half south Korean and tended to favor the athletic students strongly, that was absolutely not happening lol

@WadaPhaq 3 года назад

The NK’s economic relays heavily on illegal drug and counterfeit bills. NK supplies most of the meth in Asia and some even exported to the golden triangle. The counterfeit bills mostly flow into China and Russia in large scale

@maxmagnus777 4 года назад

I bet Gaddafi (Libya) wished he had an "internationally condemned nuclear program".

@HKashaf 4 года назад

@Stephen Jenkins oh ya, it is pretty clear now how cruel Gaddafi was because they librators we supported have started a slave trade. The country is worse off in every sense of the word. Same is true for Iraq. Maybe you should get off your high horse and admit that attacking Libya and Iraq was standard western imperialism and nothing more.

@maxmagnus777 4 года назад

@Stephen Jenkins He was a guy that gave ALL privileges to his people. They were free medical care, free education, jobs for those who finish colleges, really cheap apartments, financial privileges for newly wed. If they can not find a job in his state they would had been given salary as if they had found one. And you think that a person who is a dictator and does all that and MUCH more for HIS OWN people would hurt them? You had many examples of dictators eating babies (literally), having child soldiers, below poor living conditions, mass killing of their own people, genocide over other groups. Those dictators are still in power and nobody cares. On the other hand you have Gaddafi who did so much for his people and you say that he was about to nuke his own? Well, you really need to research who he was and what Libya looked like before US destroyed it. The only reason why it could had been destroyed was because it had no nukes to defend it self against "American democracy".

@maxmagnus777 4 года назад

@Stephen Jenkins Well let's talk about this "Libya was gonna fall one way or another". That is same as saying, Well my neighbor that is going to die, sooner or later. I am just going to shoot him now. No problem. You can not defend a monstrosity such a killing like that. That is a faulty logic. Oil was not going to last forever = my neighbor was not going to be this healthy as well forever. So I just shot him. Just like you can not be a maniac in real life going around shooting people, you can not be a maniac to destroy whole countries.

@adammazeli 4 года назад

Stephen Jenkins nah actually Ottoman Empire are better compare to today with the fragmentation of the empire it paved to most problem in Middle East right now. Ottomans aint saint but they are angel compare to the situation right now

@croesuslydias6488 4 года назад

Muhammad Abdul dude, theocratic Islamic governments are the most repressive in the world. They subjugate women, gays, and people of different faiths regularly. Why should anyone respect those values?

@user-sc4hv8qe6f 4 года назад

*Totally not a North Korean Spy wants too know your location.*

@taylorterror4965 3 года назад

Launch codes.

@bluestar4408 3 года назад

Disney world I wish

@Stereocsx 3 года назад

It’s Null

@brandonmoreland4392 2 года назад

Great video

@lethalshed2272 3 года назад

You can turn their whole nation into an anime

@TalesOfGod 4 года назад

I would add that China's economy and trade deals with North Korea is a large part of why it stays afloat. Other than that, good job on the video!

@Blaze6108 4 года назад

"government dictatorship" - as opposed, of course, to the well-known phenomenon of NGDs, Non-Government Dictatorships.

@bubbykins4864 4 года назад

That's what anarcho-stalinism is. Oh yeah, and corporatism.

@doctordoggo8604 3 года назад

I’m guessing you’ve never heard of the Central American Fruit companies?

@oliviastratton2169 3 года назад

@@doctordoggo8604 Yeah, or how most British colonies started out. There's a reason it was called the East India Trading COMPANY. Not to mention cults like Jonestown.

@nome9752 3 года назад

@Karl Marx someone named stalin addicted to drugs

@anthonyhayes1267 3 года назад

That sounds like cult leaders

@paulhart7129 2 года назад

Excellent presentation

@funnymem437 3 года назад

The streets look bare since they can’t even Afford cars smh

@cyanidensadness 4 года назад

The budget for NASA is literally nearly as big as their entire economy😂😂 are they for real

@Lightwar49 3 года назад

annual budget of nasa is around 20 billion, and the economy of "democratic" people's "republic" of Korea is near 200 billions (all figures in usd)

@stevenadkins4684 3 года назад

@@Lightwar49 200 billion? When did that happen?

@ww3pilot433 3 года назад

@@Lightwar49 according to a government website Nasa is making 70 billion. North Korea is making around 25 billion

@mappsmappings4025 3 года назад

@@Lightwar49 you got the first part right, but the dprk's gdp is 28 billion, not 200 billion

@mappsmappings4025 3 года назад

@@ww3pilot433 could you please give a link or something, because I really doubt it's 70 billion

@pomeranianproductions647 4 года назад

"This is North Korea" Ah yes North Korea. The circle shaped country with two E's above it. We all know it.

@meghanachauhan9380 4 года назад

Kinkyy

@aethproxima421 3 года назад

So basically, the Korean peninsula is like Berlin after WW2

@IMP_ROM 3 года назад

Never thought about it like that, but yeah.

@IMP_ROM 2 года назад

@michael boultinghouse Kinda.

@IMP_ROM 2 года назад

@michael boultinghouse You are right.

@IMP_ROM 2 года назад

@michael boultinghouse Epic.

@IMP_ROM 2 года назад

@michael boultinghouse Very epic.

@nlpnt 3 года назад

DPRK; "North Korea is Best Korea!" RoK; "They can't hear you screaming over the sound of BTS blaring from their Samsung phone through the speakers of their Hyundai SUV, maybe if you screamed louder?"

@valorzinski7423 3 года назад

North Koreans have their own smartphones and Kpop

@acchris029 3 года назад

@@valorzinski7423 what is is then?

@valorzinski7423 3 года назад

@@acchris029 Moranbong girl band Smartphones looks like modern Chinese smartphones. In one of the North Korean Movies on RU-vid, one of the characters was using a phone that looks similar to a Huawei phone.

@jasonsmith8500 3 года назад

I am getting second hand embarrassment from your comment

@cristianiiv6418 2 года назад

@@xdq_ you just repeating imperialistic propaganda Democratic people republic of Koreaa is the true free korea that othe one in the south is just a US colony

@maelstrumyes3595 4 года назад

Where did North Koreas economy go? Inside Kim's stomach

@muffinman2546 4 года назад

On a toilet paper wipe between his ass-cracks.

@triggeredcheese1260 4 года назад

you guys had better learn how to beg for mercy in north korean 😏

@nibyafternight1983 4 года назад

Whats ur profile pic source

@user-ty2fm3ge9m 3 года назад

I hate your pfp

@haruhirogrimgar6047 3 года назад

Like that episode of Adventure Time with Lemongrab becoming a dictator of a society meant to mimic North Korea where he cannibalizes his citizens.

@codwhores6776 4 года назад

Do you know if the 20% of the NK budget spent on the military during the 80s was a part of the discretionary spending or of the overall budget? For the US today, defense spending makes up 54% of discretionary spending but 16% of the total budget.

@Agtsmirnoff 4 года назад

Thank you! I posted the same thing, about wasn’t sure where he pulled that figure from.

@martinertlschweiger8218 4 года назад

Yeah this guy is stating figures that are just flatly incorrect. Couldn't take the video as seriously after that point.

@Agtsmirnoff 4 года назад

@@martinertlschweiger8218 I mean, the notion that a country is spending over half its government budget on defense when not in wartime (I mean REAL war) should be a red flag to review the data being presented yet somehow made it past the author's review.

@Sparticus1 4 года назад

US doesn't spend nearly that high a percentage of its budget on the military. 54% are you serious? Not even close.

@sirnate9065 4 года назад

Came looking for this comment. I noticed the same thing.

@LOLERXP 3 года назад

"How about we move production there so it's cheap and NK can finally have a powerful economy?" -Richard Nixon, probably

@LOLERXP 2 года назад

@michael boultinghouse No.

@LOLERXP 2 года назад

@michael boultinghouse You didn't get the joke.

@raptorfromthe6ix833 2 года назад

@michael boultinghouse imagine defending north korea youd stilll be sent to the gulag

@GodSpeed1105 2 года назад

NK would def steal profits 😆

@lhk7006 3 года назад

This is an old video but the United States doesn't spend over 50% of its entire federal budget on its military. The military accounts for over 50% of discretionary spending, yes, but their entire discretionary spending is around $1.3T in 2019 compared to $2.7T in mandatory spending which mostly includes Medicare, Medicaid, social benefits, and Veteran benefits.

@josephjeon804 4 года назад

"The actual US military spending is not as sever as it sounds... its just under 30% of national spending" Sounds pretty severe to me

@wigglebot2368 4 года назад

Even that number is wrong

@ShaudaySmith 3 года назад

It would be severe, if we didn't have a decentralized government and budgetary system, and were more like NK who was a centralized government and budget for the entire country. America's diversified internal systems really reduce the overall government spending on its military. And it's not all for making bombs and jets.. it's VA healthcare, Cyber security, and the FBI.

@finn54123 3 года назад

joseph jeon I mean compared to the rest of the western world, yeah is bad, and it does affect the citizens, but it’s nowhere near as bad as North Korea.

@Kharmatos13 3 года назад

happens when you have to babysit the rest of the world

@HenryPaulThe3rd 3 года назад

It’s 16%.

@robertsansone1680 2 года назад

Vert excellent documentary. Thank You

@leeannhamilton4720 3 года назад

There are hardly any vehicles on all those roads because only government workers can afford to have vehicles. The poverty is unbelievable. Their leader looks well fed though.

@EconomicsExplained 4 года назад

Hi Guys I hope you enjoy the new Video :) I will be answering questions on here for as long as I can keep up with the comments. I will also be hanging out and chatting live on the new discord server that you can join here discord.gg/nZuCJRY Otherwise please like and subscribe if you enjoy :D

@tahidulislam8419 4 года назад

Can you please make a video about Bangladesh's economy and its future prospects? Please please please.

@pritpalsingh3609 4 года назад

Make a video on Indian economy before and after lpg reforms and its future please!

@Jonas-ye1jh 4 года назад

great and interesting video, but please be careful about always putting extra emphasis on saying "but". Everytime you say it you pronounce it wayy more than anything else. I know its a petty thing for me to be annoying, but jesus christ it is.

@Alftura 4 года назад

I googled PPP and I understand what GDP and GDP per capital means. Can you do I video explain all the basic economic jargon means? What what interest rates are and do, what the RBA does how how that differs from say Macquarie or the CBA, what the All Ords is and measures as well as PPP, GDP and all that?

@brujay9321 4 года назад

I’m pretty sure the military in the U.S. only spends 2.5% of its federal income on the military

@mordet2 4 года назад

While it's all fun and good to point and laugh at the big mean Korea that's "throwing tantrums" and all that. I do it myself, really. let's not forget who's really suffering from these economic and political gaffes. It's certainly not the people making the decisions but the small guys and gals. Imagine being unlucky enough to be born in a state that starves you. That's why I really hope that this situation will indeed "implode peacefully and good governments can take it's place."

@lilshifty4758 4 года назад

imagine being unlucky to be born in a state that makes you ration your insulin and then you die.... can't relate as i'm not form US

@benepic3101 4 года назад

lil shifty what does that even mean????

@BaneQuaker 4 года назад

People have been hoping this implosion for decades. Now NK is finalizing its nuclear arsenal which is a serious threat to the Nuclear Non-Proliferation Treaty. Unlike what Trump keeps blabbering about his good relationship with Kim, the situation is getting worse day by day.

@OriginalOmgCow 4 года назад

I mean you can pin the blame on authoritarian policy, OR you could perhaps understand that the debt gained, thanks to foriegn embargoes, thanks to their commitment to nuclear weapons (to maintain self autonomy). If you're seriously here today saying authoritarian policy = bad economy when china exists you're blind as fuck. The issue is lack of foreign investment, IE banks aren't interested in investing, and they're unable to benefit from foriegn automation which is continually undercutting their more labour based economy in foreign markets. Let's not forget the economic funding and investment the LARGEST economy of the world at the time was willing to put into South Korea, meaning the US created an economic hegemony that was difficult to compete with as a next door neighbour.

@blackfalcon1324 4 года назад

@@johnballs1352 Uhhhh, are you sure? My job is talking to people all day about how they cant afford their insulin and that there is nothing I can do for them.

@mohammed.shami1773 2 года назад

He was actually meant to say, North Korea has a smaller economy than Beverly Hills, Sydney NSW Australia.

@yungbambam5097 2 года назад

“NK does channel their income back into the military. But it puts the nation into context.” Sounds like USA

@talltroll7092 2 года назад

Yes, but actually no. Even the huge Federal budget is only a quite small fraction of the wealth in the US, unlike NK, and even then, quite a substantial amount of that money is really thinly-disguised industrial subsidies, and thinly disguised Federal social spending, but wrapped in a Stars-and-Stripes so the right-wingers don't realise that it is actually socialism. Fun fact : the largest healthcare system in the US is the Veterans Administration, not for profit, taxpayer funded, and free at point-of-use... just like the healthcare systems of -socialist- actually civilised countries.

@mouwersor 3 года назад

Careful, North Korea might be into being shamed for it's small economy

@mikutsu5356 3 года назад

I bet they feel better than americans who will never belong where theyre born and have to borrow a language to have an identity 🔎

@mouwersor 3 года назад

@@mikutsu5356 Are you defending a dictatorship or attacking all people who happened to be born in the US? Both is pretty insane

@CuttleFishThatLoveDiving 3 года назад

@@mouwersor that account is commenting many times that hates on USA lol, just ignore it probably a North Korean people doing their propaganda

@raptorfromthe6ix833 2 года назад

people should economic shaming its not nice and you cant control your economy

@Fighting_Fatigue_117 2 года назад

A North Korean bot has been triggered, it's confirmed, Kim is kinky. Kinky Kim.

@ishtiaquerahman1220 3 года назад

North Korea: the spoiled sibling of South Korea

@Lightwar49 3 года назад

more like spoiled cousin, since both were treated by different countries

@TheSp0kesman 2 года назад

More like the cousin with abusive parents that either becomes a bully or a school shooter.

@antony2527 3 года назад

I like their trees without a single leaf on them

@theoe354 2 года назад

3k dislikes bots from Pyongyang

@Jake-nq8kp 3 года назад

The dislikes are all of Kim Jong Un’s alt accounts.

@DrMrPersonGuy 3 года назад

China, Russia, Serbian ultranationalists consider this to be "western propaganda" and shill for NK.

@BreadHart 2 года назад

Tankies

@Sudupe16 2 года назад

The dislikes are from Kim il sung and Kim Jong il's ghosts.

@caposolomon8745 4 года назад

The United States spends 50% of its budget on military. Where did you get this number? Could you link some sources? I looked it up and it's actually only 14%.

@paulharland7280 4 года назад

He stated the percentage of discretionary spending wich goes to defense as if it was the percentage of total federal spending. Incredible sloppy.

@JerryBear 4 года назад

It’s 1980

@Bluestarr 4 года назад

To be fair it’s a common mistake since people keep spreading aground that graph of discretionary spending (not all spending just a part of it) that makes it look like the spending is more then it is. Defence spending is 54% of discretionary spending, which seems to me to be a weird way of of breaking up spending since mandatory spending isn’t spending that the Congress can’t control but whatever.

@theextremegulp 4 года назад

@@paulharland7280 He stated it was Discretionary spending... Like in the same video I watched he said that. He went even further and broke down the total cost based on all government spending,

@caposolomon8745 4 года назад

@@theextremegulp Most viewer are not going to understand what discretionary spending is and how it differ from total spending. What's the point of even bring up discretionary spending over total spending? To me it was use to mislead people into thinking military spending is greater than it is. He is just trying to make a point and use a sleight of hand technique to make his point seem more valid. Which to me seem very dishonest. Now if he isn't honest about this then what else might he be misleading us in this video or his other videos?

@brotherknight9484 2 года назад

Never thought I'd actually see people defend North Korea. I guess these types of people really must love caste societies and the most horrible totalitarian regime since Stalin.