The Pathetic Economy Of North Korea
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- Опубликовано: 2 окт 2019
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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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What a perfect title "the pathetic economy of nk" YESSSSS
Economics Explained 11 hours ago posted
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?
Usa bombed Dprk to oblivion and then sanctioned them to death. Theyre doing pretty good considering what USA did to them.
@@shawn8847 yeaa
I think my 'Clash of Clans' clan has more gold than North Korea's GDP
What town hall are you ?
@@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
@@griffinp1608 that’s sad
@@griffinp1608 didn’t mean to be rude but still
@@kylerk576 I’m almost max town hall 12 :D
Have you ever tried North Korean cuisine?
Neither have they
This reply was tamed as far as I'm concerned.
They actually have a chain of restaurant’s.
Yes I have. I didn’t eat anything for a day
Lol
Kimchi is quite tasty actually. North Korea's national dish
I really feel sorry for North Korean general people.
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
@@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🙌🏼
@@mikutsu5356 How did it went from feelings of pity for people who are being staved of their humans rights to this random rambling lol
@@mikutsu5356 ?
@@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
Ironic to think how North Korea had a bigger economy than South Korea at one point
@michael boultinghouse its true
@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)
@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.
Play communist games win communist prizes.
Very sad isn't it ? that north korea ended up being what it is today .
It tells you alot about a country's economy when there's literally only one fat guy in the entire country
Hahaha that’s actually great I like that
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.
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?
@@davidgill3356 he's making a legitimate point. You're jumping to conclusions (I.e., that he didn't find the comment humorous).
at least they are healthy
So Beverly Hills could finance a nuclear weapons program?
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
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.
@@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)
EpicGamerzFail Russia might side with China though so that they don’t have to fund Koreanmoney
Yes. Welcome to Hollywood
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.
He mentions this
@@ethanbowman3103 I believe he only added in state budgets, not the point about federal discretionary spending.
@@ethanbowman3103 yeah he mentioned something different
That's true. About two thirds of the federal budget goes to social security and Medicare/Medicaid.
And yet they have no money to pay a healthcare system…….. which even north korea has……. 👍🏼
"This is North Korea, the most closed off country on earth"
*Shows EE channel logo*
Are you trying to tell us something?
The scariest thing I learned today is that Beverly Hills has enough money to run its own homebrew nuclear weapons program.
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.
With all the money production studios get from the DoD I think they could just ask for some lol
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.
@@billyjoejimbob56 A nuke would be quite the status elevation
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
“This is North Korea”. No, that’s your RUclips logo.
AAAAHH you got me :(
What’s the difference
I was fooled first time I watched the video, thanks
Plot Twist : EE tried to tell that they are the North Korea.
@@EconomicsExplained EE has a slightly bigger economy.
This honestly convinced me that if North Korea actually gone to war, they’d crumble internally in just a few months.
Exactly. That's why nobody actually sees them as a threat
@@Matt-ec7yb The only thing keeping them alive is their nuclear weaponry. Other than that, it’s all just a crumbling nation.
@@Gkmc-hl2fn i highly doubt North Korea's nuclear arsenal exceeds West's anti-air defenses in technology or quantity
@@TravisBroski especially thanks to the pandemic.
@@TravisBroski it’s really China, but still I agree.
Whoever did the title, tell them *I love them. 😂*
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.
Imagine the amateur astronomy out there!
And the blip is even temporary... until midnight
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).
There is no light pollution here!
@@salmanpaul5672 you from North Korea?
Oppressive dictator: *Throws people in prison for not liking them*
Impressive dictator: *Rap battles constituents for the throne*
Expressive dictator: writes strongly-worded anger poetry to depose enemies.
@@blorblin well i know one but he don't write it he makes angry speeches
@@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...
@@blorblin
Literally what Hitler did
@@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
I wonder how the Monopoly board looks like in North Korea? Probably half the board is «go to jail»
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.
As middle class westerners we are probably in the 0,001 percent of humans in all history with the most opportunity choice comfort
@@shiftxrqt and people take that for granted, it’s a sad world
Even a person above the poverty line working at McDonald's have food.
@@shiftxrqt is that what you tell yourself to justify not having health care?…… …..
@@mikutsu5356 No..... ......
I’ll have a 5 year plan
How original
How about a 7 year plan
Daring today are we
#LizWarren also has a plan for everything. Coincidence?
I can see this meme
How about a 7.1 year plan.
@@ludwigvanel9192 "Hitler owned a dog!"
@@Josh-oj9mm And he probably had underlings to walk it.
When can I expect Disney to buy North Korea? We could literally have a Disney land where Mickey Mouse is the president.
you should know that north korea houses a famous studio for animation that did work on some disney movies in the past (SEK Studio)
It already IS Disneyland
@@PotatoPI it's Disneyland for our politicians and how they want to run our nation's.
Well, we have Winnie Pooh in China.
One dictatorship for another but it’s a cartoon monopoly
LOL the tile makes you think Kim Jong Un did something to you personally.
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
Buiild 2 more Tobacco-Plantations and 1 more Cigar-Factorys. Youll be fine.
@@coffeemannypd rum and cigars. My man!!!!
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
Or end up joining the other side
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.
@@deathstarwontsaveyou9892 Yes but even they know they wouldn’t be able to supply their troops with enough food.
@@thewrustywrench21 Thats why they import from China
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.
If German reunification was difficult, I can't imagine how hard a Korean reunification would be.
A unification of the Koreas will tank the Economy.
@@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
@@jacoblee8989 Germany is one of the most advanced countries nowadays.
@@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.
@@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.
Economy of North Korea: *exist*
Economics Explained: *P A T H E T I C*
👏👏👏👏😒
I knew its economy was, uh, limited, but wow I didn't realize it's THAT small.
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.
Politicians are thugs in decent suits. Government is organized crime.
North Korea will eventually fall, history had repeated itself before and will do so again
@@Presidentofthepresident yep
The death of Kim Jung Un may lead to unification if he doesn’t line up everything properly
And he likely won’t
@@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
Q: Why is Kim Jong Un so cruel?
A: because he doesn't have a Seoul.
But he has a pyongyang
Nice one comrade! Hahahah
@@zhg4485 the South will respond with K-Pop.
Ba dum tis
He was a long wang
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.
They actually do trade with China mostly, Vietnam and Russia. But obviously it’s not enough and they refuse government aid
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.
The day they get a mcdonald's you know we won.
Reminds me of a picture of an old nazi government building being turned into a Burger King.
Yea just like pizza hut in soviet union
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.
You must view SUPER SIZE ME.
@@g0679 who hasn't seen that movie? It's on RUclips for free. There's even a second one too
North Korea: I'm the most closed-off country on Earth
Turkmenistan: hold my carpets
At least it's not a hereditary dictatorship.
@@lllool8404 lol
Sealand: am I a joke to you
Atleast it has a funny cult of personality about Berdimuhamedow.
Hold my Ayran.
The Korean war did not end in 1953. They simply agreed a cease-fire, which still continues.
Yeah we're technically still at war with them. We never signed an actual peace treaty with DPRK. Just an armistice.
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.
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.
@@regileblindsea obviously you cant or understand a joke
AOC, Bernie Sanders and Nancy Pelosi also struck a dislike each.
@@LV-426... Ok republican
@@regileblindsea the owner/producer of this channel is clearly not American...
Thank you. This is the first time I’ve watched your channel. I have subscribed and intend to watch it.
"Let's try capitalism"
"That's a good trick"
I see you're a man of great culture.
the problem with capitalism for weak nations is that they have to sell their souls, and sovereignty
@@randall172 That's more or less true.
hello there
Randall Young no that only applies to ex-communist countries like in eastern europe just look at the netherlands theyre doing great down there
@@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.
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%.
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.
its still ridiculous, focus first on your huge amounts of homeless people, healthcare services and internalized social conflicts like a normal developed country
What does discretionary spending mean? Black budget?
fábio a normal developed country relies on the us for protection
@Soturian Plus it affords us the greatest military in the world by a long shot, which is pretty useful.
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.
That’s exactly what you do to puerto rico and every overseas state so…….
Both the US and NK kim family are bad for your mental health. Please stay away from them.
@Imagination Wonders yes you do lol. You’re a democracy.
@@mikutsu5356
Puerto Rico, Guam, USVI, American Samoa, etc. are not starving.
That sounds strikingly familiar...
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.
"The Korean War Ended in . . . "
. . . The Korean War is still going . . .
dammit you technically are correct
@Serg supreme leaders from both sides met on the NK border, having a delightful and peaceful talk.
Lol
@@baronvonjo1929 lol
1952 was just a ceasefire
Can you talk about the Russia’s post soviet economy and the transition to a market economy
Apart from name I doubt there is that big of difference at least in Russia
@@CzornyLisek Its a BIG difference. Its more capitalistic than the USA now
“Market economy”. Lol Russia is far from being a market driven country.
A Friendly Outlooker yeah except China relies heavily on capitalism for it’d growth my dude
@Alex Libman they're doing worse than their previous soviet union incarnation lmao
Great video! Thank you!
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-
You can fit more than two North Koreas into Jeff Bezos's bank account.
JAMamation Bezos already has a north korea in his bank account. its called america
@some guy No shit
@some guy
Okay let's call it Jeff Bezos' pocket
@some guy the real guy who have that much money is a corrupt mayor from CCP, like 13.5ton gold and 30+billion Poundsterling
Eh, now it more kind of one north Korea with his bank account and another with his ex wife's
The Kim family has a huge God complex.
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.
@Moritz der Echte sure.
@@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.
@@thunderbird1921 Surpassed recently by the MAGA cult.
@@paulklp8262 LOL no. The Kim cult is on a completely different atmosphere level.
Loved the video! Thanks!
Sorting the comments by newest first made me lose faith in humanity
Most of people defending NK are bots. They don't have profile pictures, have generic names and no activity in their channel
North Korea is still the best Korea according to Korea magazine.
@DUCATISLO that's a good question.
Definitely more stable than venezuela. But probably because all the bad stuff has already happened.
North Korea is best Korea is just a silly meme.
@@Novusod thank you for volunteering for the camps ahead of me when they red dawn the western world.
@@bobs_toys That ain't a question, its a fact
I prefer west korea.
"Aggressive displays of militarism"
*Shows people singing*
BloatedBlitz Not showing lines of soldiers off camera pointing guns at happy people dancing...
Sends shivers down my spine
To be fair they are singing rather aggressively
The Bible proves it's a great strategy! The fall of Jericho occurred because people screamed for 7 days
Like no other country we know...
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.
Exactly.
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
@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.
@@siddhantgupta5984 China = capitalist non-democratic state with sometimes close to total control over their citizens.
Nice Job!
As an Australian, its so weird hearing an Australian accent again after listening to Americans all day.
i thought that y British
Tell me about it! I mean, I'm a new zealander, but the American accent is indeed everywhere
@@marcushendriksen8415 Well RUclips is an American made platform
@PizzaPieBaguette And the amount of Americans is 5x as much as the amount of Australians and Britons combined.
When Vermont has a higher GDP of North Korea, something's not right
As a Vermonter; I approve this message.
@Dhyeya Patel the entire net worth of bill gates is bigger than the entire economy of north korea
@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
@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
@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
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
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.
{Citation Needed}
@@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
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....
So the moral of the story:
Don't spend too much money on army
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.
That’s not it at all... it’s about how socialism fails.
@@ryangriffith5551 unregulated free market capitalism also fails. Too much of one thing is not good.
The real noodles I know that! I didn’t say it was??
I’m merely pointing out he totally missed the point of the video.
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
lucky Gandhi's not playing
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)
@@davidrenton well, Gandhi would just put all the money into Nukes. :D
@@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.
@@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.
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.
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.
Same was for Germany. Also look at Karelia and look at Finland.
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.
...or you can pick a random democratic country in Africa and compare it to China...
Not a fair comparison at all.
@@elmohead Guys, no comparison is completely fair, both of the countries got some aid that the other didn't get
@@GoldenElixir8971 hmm... Let's see... USA parks carriers to block NK while aiding SK... Totally fair
North Korea: *THIS VIDEO IS NOT AVAILABLE IN YOUR COUNTRY*
No videos are available in North Korea, not even ones Betamax, or 8mm. No internet, remember?
This platform is too capitalist piggy US propaganda.No YT for you.
They _do_ have a city somewhere that connects them to the outside world for information and supplies.
Most of the country doesn't even have electricity.
@@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
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.
Acctually he drive a mercedes
Well maybe he could try some bark. Very good for weightloss. Gluten free too!
They say owning a bicycle is like owning a BMW to North Korean people
Kim got communism for himself
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.
Great video
What a wonderful time to be alive a time where we can trashtalk a dictator without the threat of being assassinated
You try and do that in North Korea, and well, gulag.
Try to do that in their country. You could always bad mouth a dictator when you are thousands of kilometers away from them.
When Jeff Bezos has a larger net worth than North Korea's GDP.
He could buy North Korea with one credit card, if it was for sale
larger than most countries and it's wrong, it shoudn't be like that.
@@loudermusic It's not wrong. He worked hard for his money and that's great.
Music Man Should a company really be more economically powerful then a lot of countries tho?
@@rayzas4885 Yes, it is their right to make as much money as they please. The American Dream. There is nothing wrong about it.
*Totally not a North Korean Spy wants too know your location.*
Launch codes.
Disney world
I wish
It’s Null
"relying heavily on China"
ah yes that's the worst possible thing you can do
Geo-politics are a differant thing entirely. For NK, Its litterally the best thing they can do for themselves and for China
Yeah, so you know it's bad when that's their best choice.
australia knows how that feels
@michael boultinghouse Yeah... you don't speak for all Americans. Sorry bud.
@michael boultinghouse ok tough guy
I chose North Korea as my focus country in a college Macroeconomics course. Yeah... I failed that class. Don't do that.
@Rice Field we needed to use three unused sources for each weekly paper. There are only two sources I can use for NK. Two.
@Rice Field my teacher was half south Korean and tended to favor the athletic students strongly, that was absolutely not happening lol
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!
The most common phrase on yt when commenting on a communist nation “ just when things couldn’t get any worse, they did”.
HKZ P not communist
HKZ P barely even socialist
HKZ P Lol no
literally the worst over-repeated myth
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.
Excellent presentation
Vert excellent documentary. Thank You
3:05 look at that huge city with only one vehicle driving on the road. It’s like a post apocalypse movie lol
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.
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
Bendy I also read about a fake town in North Korea close to the DMZ,
Bastards! Not polluting the world. They must be invaded!
@@petergilkes7082 What? They are polluting a lot but no ones going to invade them.
Are you saying that Beverly Hills has enough income to build its own military vehicles and missiles?
Not really, since labour and real estate cost would be much more outside nk
@@klotzinatorinho Good point - NK is essentially a huge slave labor camp.
yeah, but it's income comes from elsewhere and has an economy comparable to tax haven Caribbean islands.
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.
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.
Sounds like
North: Strong start, but declines over time
South: Weak start, but rises over time.
“Strong start, declines over time” is sort of like Animal Farm.
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.
@@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.
Great channel I love your work, I’m sure you will have covered this already on another edition but didn’t South Korea’s economy grow fastest when under a military dictatorship running up until 1979, this ended with the assassination of General Park Chung-hee. He demanded Samsung get involved in electrics which they had been reluctant to do, he also created a steel industry in a country with no coal or iron ore.
I bet Gaddafi (Libya) wished he had an "internationally condemned nuclear program".
@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.
@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".
@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.
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
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?
The budget for NASA is literally nearly as big as their entire economy😂😂 are they for real
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)
@@Lightwar49 200 billion? When did that happen?
@@Lightwar49 according to a government website Nasa is making 70 billion. North Korea is making around 25 billion
@@Lightwar49 you got the first part right, but the dprk's gdp is 28 billion, not 200 billion
@@ww3pilot433 could you please give a link or something, because I really doubt it's 70 billion
3k dislikes bots from Pyongyang
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
"government dictatorship" - as opposed, of course, to the well-known phenomenon of NGDs, Non-Government Dictatorships.
That's what anarcho-stalinism is. Oh yeah, and corporatism.
I’m guessing you’ve never heard of the Central American Fruit companies?
@@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.
@Karl Marx someone named stalin addicted to drugs
That sounds like cult leaders
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."
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
lil shifty what does that even mean????
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.
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.
@@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.
You can turn their whole nation into an anime
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.
"This is North Korea" Ah yes North Korea. The circle shaped country with two E's above it. We all know it.
Kinkyy
Careful, North Korea might be into being shamed for it's small economy
I bet they feel better than americans who will never belong where theyre born and have to borrow a language to have an identity 🔎
@@mikutsu5356 Are you defending a dictatorship or attacking all people who happened to be born in the US? Both is pretty insane
@@mouwersor that account is commenting many times that hates on USA lol, just ignore it probably a North Korean people doing their propaganda
people should economic shaming its not nice and you cant control your economy
A North Korean bot has been triggered, it's confirmed, Kim is kinky.
Kinky Kim.
I'm sure this video was very well received by the always comforting officers of the North Korean government
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.
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
Can you please make a video about Bangladesh's economy and its future prospects? Please please please.
Make a video on Indian economy before and after lpg reforms and its future please!
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.
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?
I’m pretty sure the military in the U.S. only spends 2.5% of its federal income on the military
"How about we move production there so it's cheap and NK can finally have a powerful economy?"
-Richard Nixon, probably
@michael boultinghouse No.
@michael boultinghouse You didn't get the joke.
@michael boultinghouse imagine defending north korea youd stilll be sent to the gulag
NK would def steal profits 😆
He was actually meant to say, North Korea has a smaller economy than Beverly Hills, Sydney NSW Australia.
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.
Thank you! I posted the same thing, about wasn’t sure where he pulled that figure from.
Yeah this guy is stating figures that are just flatly incorrect. Couldn't take the video as seriously after that point.
@@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.
US doesn't spend nearly that high a percentage of its budget on the military. 54% are you serious? Not even close.
Came looking for this comment. I noticed the same thing.
The dislikes are all of Kim Jong Un’s alt accounts.
China, Russia, Serbian ultranationalists consider this to be "western propaganda" and shill for NK.
Tankies
The dislikes are from Kim il sung and Kim Jong il's ghosts.
I like their trees without a single leaf on them
So basically, the Korean peninsula is like Berlin after WW2
Never thought about it like that, but yeah.
@michael boultinghouse Kinda.
@michael boultinghouse You are right.
@michael boultinghouse Epic.
@michael boultinghouse Very epic.
Cuba has been through a similar experience since 1959. It was largely kept afloat after cutting economic ties with the USA by the USSR, which was pleased to have a commie ally right next to the United States. Eventually the USSR got tired of pampering Cuba by buying all its sugar crop at higher-than-market values, selling them oil at lower-than-market values, and just giving them lots of money. All that crashed to a halt when the USSR itself also crashed to a halt, and Cuba hit an economic bottom. That gradually has eased since the early 1990s, but Cuba still controls everything centrally and quickly clamps down on the few capitalist ventures it allows, when they start to get successful. They have the US embargo to blame for all their troubles, but that's mostly a scapegoat for being an economic mess of their own making.
Why would they allow greedy capitalists to have private corporations that exploit people on their land. There should be one government that cares for people and controls all the bussines
Technically, the Korean War is still happening.
Nope it was officially ended in 2018
How can there be a war without fights?
@@tomlxyz there doesn't need to be fights for a war. Just the declaration of war. They didn't sign a peace in 1953 so the war was still going even with no fights until 2018 when they signed it finally
@@tomlxyz There were skirmishes in the past 30 years, including the past decade, with hundreds of deaths. South Korea's military is in a permanent state of readiness.
@@tomlxyz there were shots exchanged this year, how is this "without fights"?
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.
When you took communism meme too seriously and ended up actually believing communism is the right path. Spoiler(since the last century), it's not.
The people that love caste societies are on the Right.
If you're are ok with thinking that the world is flat or God is real, then why is defending NK so far-fetched?
North korea is like that one girl that holds grudges forever and can’t get over things.
Love your pfp man
ur pfp is hilarious
It’s kind of hard to not hold grudges when most of the world wants you to not exist.
@@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.
@@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.
Where did North Koreas economy go?
Inside Kim's stomach
On a toilet paper wipe between his ass-cracks.
you guys had better learn how to beg for mercy in north korean 😏
Whats ur profile pic source
I hate your pfp
Like that episode of Adventure Time with Lemongrab becoming a dictator of a society meant to mimic North Korea where he cannibalizes his citizens.
8:16 I actually laughed. An angry vagrant smacking garbage with a stick is the perfect analogy for North Korea's economy.
@michael boultinghouse whats your beef with the good ol USA?
This video: exists
North Korea: probably hasn’t seen it yet
The streets look bare since they can’t even Afford cars smh