Recent comments in /f/dataisbeautiful

AverageAustralian111 t1_j8igugo wrote

Really? Wouldn't self-sufficiency just mean you can cut yourselves off from the entire global market?

If you keep trading on the global market, you're susceptible to price changes (caused by OPEC) regardless of how much you produce or so I would've though.

(I'm not an expert on this so please correct me if I'm wrong)

7

winespring t1_j8igbk1 wrote

>Trade jobs might not have the status as someone with a degree but you can make just as much if not more on some cases.

Any Foreign country positioning themselves to compete with the US in the next 50 years would have to love this line of thinking. A country that prioritizes trades over college education will not be able to compete with China(for example)

0

Empire_Engineer t1_j8ig0os wrote

Is this something you know for certain or are you just parroting what you heard on Fox News / MSNBC?

There have been instances where nationalizing resources has directly benefited the population. Here are a few examples:

  1. Norway's nationalization of oil reserves: Norway nationalized its oil reserves in the 1970s and created the state-owned company Statoil (now Equinor). The revenues from the oil industry were used to fund social programs and invest in infrastructure, education, and healthcare. This has made Norway one of the most prosperous and equal societies in the world.

2.Bolivia's nationalization of gas: In 2006, Bolivia's President Evo Morales nationalized the country's natural gas industry. This move allowed the government to increase its share of the revenue generated from the industry and invest it in social programs such as healthcare, education, and poverty reduction. As a result, poverty rates in Bolivia have decreased, and the country has made significant progress in reducing inequality.

3.Malaysia's nationalization of tin mining: In the 1970s, the Malaysian government nationalized the tin mining industry, which was previously dominated by foreign companies. This move allowed the government to regulate the industry and ensure that the profits were reinvested in the country's economic development. As a result, Malaysia was able to diversify its economy and achieve significant economic growth, which benefited the population.

2

ap1msch t1_j8idong wrote

It's important to note that college tuition isn't going up because they're being greedy jerks. It's going up because the government subsidized education heavily during the cold war, out of fear that the Russians were going to outpace us in space and with technology. Our current prosperity is a result of that investment.

Over the decades, the federal and state governments have cut these subsidies, down from 75%+ to 10-15% for many institutions. Schools are struggling (state school budgets are public for your review), and it's not because the professors and staff are living large.

This feeds into the student debt explosion, and why it's not a fair comparison to suggest that a 60-year-old having paid for their subsidized education is the same as a 25-year-old swimming in debt.

6

IncomeStatementGuy OP t1_j8icayg wrote

Thanks! Our tool has a free tier for creating and downloading Sankeys and a paid tier for online saving. With the paid tier users can decide to make the Sankey they create public. Then a link is generated such as this one.

But maybe there could be a better way to share them - do you have something in mind?

2

sudden_aggression t1_j8i9pyh wrote

I like how it uses official soviet/ccp propaganda figures for GDP- this chart is pure fantasy.

For example, the soviet union GDP was smaller than California's GDP by the late 80s but no one realized it until the collapse. It never got close to the US GDP.

Also, China's GDP has been fake for years. All the recent growth is due to China maintaining the exchange rate while printing money like Zimbabwe. If China actually let their citizens freely trade the RMB, it would collapse to nothing overnight.

In any case, there is some sort of bizarre fakery going on with the numbers behind this chart. Maybe it's using PPP with adjustments or something.

13