tag:blogger.com,1999:blog-25230932.post7172811343214447554..comments2023-10-06T10:10:06.982-04:00Comments on La Russophobe: Neo-Soviet Economics: Fact and FictionLa Russophobehttp://www.blogger.com/profile/05672264388217953086noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-25230932.post-40620894797168411912007-06-18T03:23:00.000-04:002007-06-18T03:23:00.000-04:00SCHUBIAK:You're entirely mistaken. A CEO like Mik...SCHUBIAK:<BR/><BR/>You're entirely mistaken. A CEO like Mikhail Khodorkovsky can have a salary that runs into the millions of dollars. This is actually a large controversy in the USA.<BR/><BR/>But the other point you raise is a good one: It's quite true that nothing the Russian government, run by a proud KGB spy who spent his life learning how to lie, can be trusted. There's absolutely no reason to think they would publish the true extent of their failure, especially not while provoking the USA into a new cold war.La Russophobehttps://www.blogger.com/profile/05672264388217953086noreply@blogger.comtag:blogger.com,1999:blog-25230932.post-9160512108175653562007-06-18T03:07:00.000-04:002007-06-18T03:07:00.000-04:00Actually, the question is: when average wages are ...Actually, the question is: when average wages are calculated, are incomes from business and capital gains included? Otherwise, it's just wages, and most 'rich' people don't earn wages. <BR/><BR/>Would be nice of you to find out the definition used by the Russian government.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-25230932.post-47130402929410309972007-06-17T08:15:00.000-04:002007-06-17T08:15:00.000-04:00Russia's economy has had high growth since 1999 an...Russia's economy has had high growth since 1999 and continues along this path. Oil, Natural Gas, Timber,Metals and other Natural Resources are the backbone of the growth.<BR/>Russia also is the largest Weapons Exporter in the world indicating it does have a high level of technology and expertise. <BR/>The Steel Sector is booming and Russia also is investing in other Manufacturing facilities across the country so thier industrial base is being expanded again.<BR/>Go to Moscow or any of their major cities and one can see the boom is for real. <BR/>Russia is building millions of homes and flats for it's citizens across the country along with many Commercial Developements.<BR/>Would it not be nice to have Oil like Russia?<BR/>We used most of our Natural resources up years ago and now depend on foreign sources and speaking of manufacturing the U.S. has lost over half of it's factories since the early 1980's.<BR/>What is that about?<BR/>Current Account Deficit close to 1 trillion annually.<BR/>For every dollar of GDP Growth in the U.S. economy we are adding 6 dollars in new debt. It used to be 1.79 of debt for each dollar of GDP growth in the 1970's.<BR/>Where is our Growth? Debt?<BR/>We are becoming a Colony of Europe and Japan since they are buying everything up here! <BR/>Neo-colonialization!<BR/>That's what happens to Debtor Nations!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-25230932.post-28396252605124004712007-06-16T13:07:00.000-04:002007-06-16T13:07:00.000-04:00Schubiak:Thanks for the question!A billionaire has...Schubiak:<BR/><BR/>Thanks for the question!<BR/><BR/>A billionaire has a higher monthly income than most people. Hundreds of times higher. The data reflected here is the average monthly income for people in Russia and, unless you have some data to the contrary, rich people are included. If we compute the average income for a group of ten people and one earns $1 million per month as a CEO and nine earn $100 per month as Russian wage slaves, the total income for the group is $1,009,000 and the average is $10,090 per person. But in fact, that $10K figure does not accurately reflect the income status of the group.<BR/><BR/>Get it?La Russophobehttps://www.blogger.com/profile/05672264388217953086noreply@blogger.comtag:blogger.com,1999:blog-25230932.post-22002682591295765632007-06-16T09:09:00.000-04:002007-06-16T09:09:00.000-04:00Russophobe,i don't understand your comment about b...Russophobe,<BR/><BR/>i don't understand your comment about billionaire oligarchs... Do they receive billions in wages? If not, how do they skew the data?<BR/><BR/>Confused.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-25230932.post-80461573168676153582007-06-15T18:14:00.000-04:002007-06-15T18:14:00.000-04:00Thanks for the correction! We are most grateful fo...Thanks for the correction! We are most grateful for all types.La Russophobehttps://www.blogger.com/profile/05672264388217953086noreply@blogger.comtag:blogger.com,1999:blog-25230932.post-45759376819882101762007-06-15T17:22:00.000-04:002007-06-15T17:22:00.000-04:00Just a quick comment/correction. The MEDIAN in sta...Just a quick comment/correction. The MEDIAN in statistics is the number that falls in the middle of a sample (i.e. a MEDIAN salary would indicate that half of the salaries are above and half of the salaries are below). The MEAN is the average, while the MODE in statistics would be the most common number. <BR/><BR/>In Russia, the median would be more indicative of an "average" wage in my opinion as it would factor out the small and very wealth elite: one billionaire would be cancelled out by one person earning zero or close to zero per year.<BR/><BR/>But, you are right about the dangers of manipulating statistics. To cite a often quoted maxim by Mark Twain: "There are three kinds of lies: lies, damned lies and statistics."Dr. Michel Bouchardhttps://www.blogger.com/profile/17341020514234182260noreply@blogger.comtag:blogger.com,1999:blog-25230932.post-11282354647559018362007-06-15T17:17:00.000-04:002007-06-15T17:17:00.000-04:00Hello,Just one quick correction. The MEAN is the a...Hello,<BR/><BR/>Just one quick correction. The MEAN is the average, while the MEDIAN is the middle number: i.e. half are above and half are above. The MODE is the most common number.<BR/><BR/>MichelDr. Michel Bouchardhttps://www.blogger.com/profile/17341020514234182260noreply@blogger.comtag:blogger.com,1999:blog-25230932.post-69236956705125175582007-06-15T16:37:00.000-04:002007-06-15T16:37:00.000-04:00Actually, median would mean that half the salaries...Actually, median would mean that half the salaries are above that and half below, not mean. Minor correcionAnonymousnoreply@blogger.com