Go Figure, The Poorest Place In Europe Is Run By Communists
Ah Moldova… the poorest country in Europe, which just so happens to have had a Communist party majority in its parliament since 1998.
These two points are not unrelated.
Despite having achieved its independence from the Soviet Union over 20 years ago, the state is still a major part of the Moldovan economy…from setting prices and wages to media, healthcare, agricultural production, air transport, and electricity.
Under such management, it’s no wonder, for example, that Moldova has to import 75% of its electricity. It is the exact opposite of self-sustaining.
The government does a reasonable job of chasing away foreigners as well.
Agriculture is the mainstay of Moldova’s economy… and while on one hand they say “we welcome foreign investment in agriculture,” on the other they say “foreign investors cannot own agricultural property.” It’s genius.
The average wage here is less than $300 per month… all while Moldovans’ purchasing power is getting eaten away by inflation. GDP per capita, meanwhile, is in the ballpark of many destitute African nations like Swaziland.
Of course, not everyone is poor. The politicians at the top of the totem pole are doing great, always pulling the strings in their favor at the expense of everyone else...
It goes on at the link provided...
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