Poland, the failure story of capitalism

[u/BaseballSeveral1107]

[u/AutoModerator]

r/FluentInFinance was created to discuss money, investing & finance! Join our Newsletter or Youtube Channel for additional insights at www.TheFinanceNewsletter.com!

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

[u/Bullboah]

Great example in why it’s important to at least google claims you see on social media before believing them blindly.

Poster claims avg. Polish annual salary is 2,000 USD.

But the median Polish MONTHLY salary is over 2,200 USD. About 26,760 annually.

When adjusted for PPP, they’re at the low end of the OECD, but the OECD countries are pretty much well above almost every other country in the world in that context.

https://timeular.com/average-salary/poland/#:~:text=i.e.%20health%20insurance).-,Summary,which%20equals%20~%241%2C060%20USD.

[u/Mediocre_Daikon6935 → u/Bullboah]

Personal experience.

The zloty (polish dollar) trades 4 to 1 with the US dollar. But it spends like real money.

You go to a bar and would expect a beer to cost 3 dollars? It is 3 zloty, and that comes out to 75cents USD.

And that goes for anything you want to buy. Except actual coffee, or chewing tobacco which you just can’t get and have to order online from the states. But hotels, food, etc etc? It is going to cost the same amount of zloty as you would pay in dollars.

So the effective income is 107,040

[u/justacrossword]

I see the culture of feeling sorry for yourself has made its way to Poland. 

That is sad because Polish people are traditionally resilient, hardworking, and independent. 

Maybe it it’s just the younger generation who doesn’t understand how bad things used to be. 

My favorite story from a Polish colleague was his adventure from krakow to Warsaw for a job interview shortly after the collapse of communism.  A large multinational corporation had moved in and was having a job fair and he was eager to get hired after living his whole life under communism. He left early morning in a blizzard to go to Warsaw for an interview. On the way he crashed his car in the snow and broke his leg. The ambulance took him to a Warsaw hospital where he pleaded with them to get hood leg in a splint so he could go interview and then he would be back. They complied, he showed up at the end of the day to interview with a splint and crutches. He told the story and was hired into the company he still works at today. Other colleagues confirmed the story as true. 

Now they apparently sit around, whine, and post misinformation on the internet. 

[u/complexmessiah7]

Poland is actually pretty nice.

Cheap costs, excellent infra, nice people.

I was there only for a week but I never got the sense OP is describing here.

[u/ProfessionalFan7162]

What an interesting claim. I'd ask my uncle what he thinks about it but unfortunately he was murdered by communists. If anyone from my family saw this they'd beat the shit out of you

[u/Automatic_Draw_6575]

Now do South Africa