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Poland's Economy Is Booming! The EU's Success Story? [711]
Hague cameron....
Indeed..... as you live in Austrailia (a very long way away!!) and I live in POLAND and have done for 3 years. I also employ POLISH people in POLAND and now all about the lies that the POLISH government spew out daily. Honestly look at Polands rise in GDP over the last 10 years and the decrease in Employment, Tell the man on the street in a towns in the mining heartlands of Poland that the economy of Poland is doing great and he'll tell you to do one. If you've ever watched Polish news you'll see that in the old Communist tradition 99.9% of it is good news and the other 0.1% is a continuation of the stroy of the aircrash that killed the last president. Telling me that a 2% rise in GDP in Poland means more then a 2% rise in the UK is just bullshit and has got nothing to do with diminishing return. (doh!!!)
How much indeed do you know about the Poles who are working for 1,500zl a month and living 3-4 familes to a house....nothing!!!!! China, Poland, Brasil are all doing 'well' beacause as i said before 1 to 3gr is 300% rise.... a big rise from nothing to nothing... If indeed you are an economist you know that GDP includes wages and as soon as wage levels are high enough then the Polish Economy will hit the brakes big time (people are here for cheap labour).
I saw a program on the BBC recently about a cushion factory boss who moved production to China because wages were cheap (20p per hour)...in the last 3 years those wages have increased to 1gbp per hour and transportation costs have risen. Added on top of that for him was the work rate (believe me polish in general are the same...slow and they have a education system that gives so of the lowest pass marks in Europe...everybodys got a degree but poland doesnt have 1 of the worlds top 100 universities...an old socialist trick i think!! make the people think that they are well educated)
Place to invest? Warsaw has 150 international conpanies (how many does paris, london or frankfurt have!!! bit of a pointless arguement even a city like liverpool probably has a good fair number)..in fact most of the companies in warsaw are their because they need a polish speaking office to sell foreign goods to poland ...secondly, Have you tried to start a company in Poland? the red tape, the ludicrous employment laws, the total lack of anybody speaking anything but polish (then PROBABLY NOT) and you quote a report that is 7 years old! (FGS) for more recent rankings (2011) take a look at doing business dot org ...poland is 62nd in the world and behind ESTONIA!!!!!, Slovakia, Slovenia, Hungary in the EU rankings.
To say that the Czech's didn't suffer in the second world war makes a mockery of the suffering that they did have.... but living in AUSTRAILIA what would you know? Polish people tend to be in a perpetual state of self pity and tend to pass blame for anything negative that happens to them to the most convenient person. In fact i was once berated for the Yalta conference and i wasnt born until decades after. It seems to me that Poland even has always had a hisitorical knack of getting into bed with the wrong bedfellows and then blaming those that they didn't sleep with when it all goes wrong.
Finally as an Aussi you will be well aware of what happens when Kraft FK about with chocolate.... Kraft (known for their fantastic cheese products) moved for 1 reason only (wages!!!) and this won't last for long. Consumers in the UK are having a backlash against Kraft people remember and as soon as it starts taking like WEDDEL chocolate it will return . (P.S. Cadbury isnt a British Company) anymore!!
As a businessman who has invested in Poland all i can say to you is.....'If you are an Economist good on you.. most Economists are idiots and most Statisticians are 99.9% wrong!'