Power & Revolution | Economic Guide 3.0

[@mahmoudselim4303]

Honestly, well done PG. This was very well made and felt like a university course. It really has the production value of a good Netflix documentary and even though I've been following and playing gps4 since 2016 I can really say that I've learned a lot in this video. Good Job.

[@PoliticsGaming]

Thank you, it took way too long to make but me and Gabe were surprised by how great it turned out. We were inspired by Economics Explained and thought that if we made it like this, it could explain a lot, but also look super good in the process.

[@mahmoudselim4303]

@@PoliticsGaming Yeah. Super Informative. I'd love to see more videos like this in the future. Are you planning on doing a trade tutorial?

[@PoliticsGaming]

@@mahmoudselim4303 I'd absolutely love to make more videos like this, but the thing is that these types of videos require a lot of work. I'd absolutely do it on a commission basis, or if the video idea is good enough that I'd do it without that incentive. Becoming a member or supporting me would give me a better incentive, but honestly I could make a few videos like this just to get my feet in the water. I know these videos are popular and I can't wait to see how many views this gets.

[@PoliticsGaming]

@@mahmoudselim4303 As for a trade tutorial, I could make one. I just need to make some notes and see what I could discuss; I'll let it be known if I do this on my Community tab.

[@ThePostalGril]

20:00 raise taxes when you want to deliberately limit purchasing power. raising VAT & interest rates will make people stop spending and start saving. then when you're deflating lower taxes & interest rates to encourage people to start consuming. this is an excellent way to keep inflation between 2-4%.

[@dimitriskaramanis1870]

But if you are in eurozone how you do this? I can't control the inflation, what should to try?

[@blackpaint9093]

@@dimitriskaramanis1870 no way to do it, this game has many many flows, and inflation is always impossible to control, even with maximum interest rates

[@g.dejong7804]

Great guide. The concept of the game is so great. Such a game that it's in the hands of Eversim

[@marknestorovich1175]

By far the best video on the economy in this game out there. Outstanding job and I am now a subscriber to your excellent content. They also do an excellent job making it clear that it is almost required to govern from a leftest manner. The creators of this game are clearly are very progressive and their bias is all over the game. I am not complaining or making a political statement just pointing out the reality of the game. I do wish it was created without a political bias so we could try to govern in multiple variety of ways. To be successful you almost have to govern from a tax and spend leftest perspective in this game or least that has been the case for me. I would curies if anybody has had any success governing a western nation from a conservative perspective of lower taxes and a more supply side approach.

[@Ciborg085]

POG, The colab of the century

[@Luca-ys5dv]

So if I raise spendings in general, technical and agricultural education it will increase my productivity and also my revenues for the different sectors? Also do you guys have tips for lowering massive budget deficits e.g. South Africa in 2021 with their ~12% deficit?

[@abkhatti2341]

Impose industriy pollution tax, best for economy and environment

[@HenriqueRJchiki]

@@abkhatti2341 that kills your growth completely, op even has a meme video on it. Yes it solves your deficit but kills industry

[@keterpatrol7527]

How do I increase economic growth? I looked away for 3 ingame months and it dropped to an absurd -11%. I'm probably fucked but can you tell me what I probably did?

[@GuitarHero889]

how to increase productivity?

[@MrMartinBoettcher]

Lets emphasize my question: The amount I allocate for subsidizing, is that a yearly amount or a one-off?

[@HenriqueRJchiki]

Probably late but for any newcomers reading it, it's yearly. It's calculated into your yearly budget and you can remove the subsidize at any point to get the income back.

[@MrMartinBoettcher]

@@HenriqueRJchiki Never to late, thanks!

[@zombieboy937]

How do you build sectors that you don't have the resources to open? Can't you just import the raw materials and open the sector that way?

[@HenriqueRJchiki]

To open a sector simply subsidize it until it opens (A closed/inexistent sector has the X symbol on it) once it's open (no X symbol anymore) it won't close down ever again even if it has no production. Some sectors are extraordinarily expensive to brute force opening without some key technology so you have to experiment with trial and error to see what your country can open or not. Growing the sector is much harder though. Needless to say you can't open a sector that you country has no resources for example if your country has no iron you obviously can't open the Iron sector, there's nothing to mine. But you can open a steel sector, you'll have to import the iron.

[@misimaromemes5172]

Amazing video, very well made thank you

[@pajerofuriosov2.042]

Thx for the spanish translate bro, sry for mi bad english languaje. Greetings from spain.

[@dimitriskaramanis1870]

where i can find the file with best import and export countries at 4:14

[@Blxz]

Gabe has delisted all his videos. It's a real shame all that content has been lost.

[@MrMartinBoettcher]

Great guide, thank you! The amount I select for subsidizing, is that a yearly amount or a one-off?

[@impastasasamongsus4574]

one off

[@HenriqueRJchiki]

​@@impastasasamongsus4574it's not one off, it's calculated into your yearly budget projection, you can remove the subsidize at any point and you will receive the projection back...

[@Attritionist]

I usually cut the top health care spending by like 3 stars but literally max every other thing on the list (except the battling endocrine disruptors) and still net a positive revenue and no one is mad. Is this still a bad thing to do or is it fine?

[@PoliticsGaming]

In the long term, it doesn't benefit you. It will cause your poverty to go up, so you must plan to increase the top priorities over time.

[@Attritionist]

@@PoliticsGaming I pay my debts with the increased revenue (surplus instead of deficit) then i increase my spending again so i think it should be fine long term too. Thanks for the reply.

[@PoliticsGaming]

@@Attritionist So long as you increase the spending back to where it was before or greater, then yes, it will benefit long-term. The money you spend on debt reimbursement will be freed up so you can spend on other things. I probably should have made a section on that, but the guide was long enough already. If you have any more questions, feel free to ask!

[@Attritionist]

@@PoliticsGaming It's not an economic related question but my military advisors are constantly bullying me saying we need a new recruitment campaign, we can't find anymore soldiers to put in the barracks and stuff. How do you do a recruitment campaign? And also the animal lovers group constantly says "Not even one tweet" and gets mad at me. How to counter that.

[@ninny65]

Economic Guide: Implement Large Fortune Tax and increase it forever, even past 100%

[@catchingpipsfx8332]

Does anyone know how to increase man power?

[@ChronicCheater]

How do I get a new hyperloop trainline from the UK to France in 2019 edition? Or can I just not?

[@colonelmotorov5854]

In terms of making profit out of research, what is a more prudent decision to make? Patenting the discovery or keeping it a trade secret?

[@invasion8318]

trade secret ALL the way, I only patent things that I consider humanitarian such as AIDS vaccine or alzheimer medicine

[@Cryptocracy_Now]

Thank you for this. Seriously.

[@PoliticsGaming]

No problem bro!

[@Shelfless900]

Playing this Game: 5 Years Later become a president.

[@YunusEmre9051]

Hi, my social security expenditures keep rising. How can i stop it ?

[@Daniel13001]

Any tips for inflantion? Control better? I start grow 15% then inflantion go uppp. More taxes... I try still grow to much, any tips?

[@PoliticsGaming]

Don't grow more than around 5%. Once you surpass 5%, you can overinflate your economy and you run into the issue of inflation. Contracts and economic growth contribute to increasing inflation, so you need to walk a fine line when it comes to growing. Balance growth with taxes that reduce it; industrial pollution, VAT, etc.

[@melikahmetkarahanl7781]

It was a very good instructional video, thank you

[@TheSkyGuy77]

Selling big sectors at slightly lower than the asking price can lower inflation, but encourage growth. Its an odd situation 😂

[@Tyler-sd8ir]

Yessssssss

[@mauritiusboy7952]

I am from India and I will play as India Today.

[@TonyStark-nz3db]

Me too. This is addictive. 🇮🇳

[@fajrireynaldo5858]

Thanx man ❤

[@burakkaankaraca4358]

Can you play turkey ?

[@unregierbar7694]

Yes.

[@ingore9021]

Is this about economics or about the game, lol, I haven't watched the video.

[@terridavis2659]

Bro I dont do shit and my growth rate rises to 15% like what the actual fuck does growth ever go down?

[@terridavis2659]

And when I mean literally dont do shit. I dont touch a button raising taxes every quarter is un realisitc

[@mrateeq3648]

Hi

[@KonglomeratYT]

Wow this is amazingly edited. And really in-depth. This is probably the best tutorial of any kind I have seen for any game in this series. The effort really shows. Good job PG. I expected quality, but this is even better. I'll have to take some notes.

[@shivamarora3684]

This is by far the best game to understand how macroeconomics come into play practically

[@parallaxcrafttale]

Capitalism 2 beats it in a lot of areas, though it doesn’t simulate wars and multiple nations.

[@calculuslover2078]

No, it's one of the worst. Growth directly causes inflation and you can't have too high of growth, or your inflation will go off the charts. That's not how economics works in real life.

[@Aureonw]

@@calculuslover2078 gold production makes inflation go down

[@Gadottinho]

@@Aureonw in gps?

[@Aureonw]

@@Gadottinho Both irl and in GPS

[@Ag-vr7gu]

Let's goooooooooo. Can't wait

[@unregierbar7694]

Thanks. I always wondered where the hell the private companies are in this game. But this makes sense.

[@TomRubicon5949]

Can I ask something? Are subsidies working for you? All that happens to me is that the "production %" number goes up; the actual trade balance never changes after subsidizing it - is this normal?

[@unregierbar7694]

@@TomRubicon5949 It works but it takes time to see the effect. Just like inflation. Be careful and don´t subsidize too much.

[@DutchGabbers]

9:50 When looking at productivity took a careful look at the amount of people working in said industries.. Occationally a industry its manpower comparitive to its output is so bloated that it significantly lowers the productivity to the point where it might be impossible to possibly raise the output high enough to justify these amounts of manpower.. This is particularly the case in many agricultural industries in developing countries and the services sector az a whole for example in many western world. Swallowing millions of manpower for little to no output/productivity.. In such cases it might be easier if you want to reach optimal productivity is to collapse the industry yourself and let it rebuild itself Easiest way to do if you can afford it is to nationalize a industry and remove all manpower from it.. The industry will instantly dissappear and then you can rebuild either slowly rebuild it yourself by adding manpower or privatize and subsidize it and allow the AI to do it.. In this game there is literally millions of people wasted in industries that will never be profitable under these conditions for said country.. Just keep in mind that your destroying entire sectors, to rebuild them from scratch. If you got the budget to carry the loss of revenue temperarily as you rebuild it then it is most certainly worth it.. This is typically what I do when I get low on unemployment.. I collapse a ineffecient industry and allow the rest of the economy to slowly absorb them restoring much of the lost GDP. While the collapsed industry can slowly recover itself the way it should.. The AI is pretty decent in controlling/managing the manpower of starting industries.. Not really in optimizing the old ones.. If you keep that proces up then your going to find yourself with a lot more revenue for each industry, which can again be used to purchace different more expensive inefficient industries repeating the process.. Eventually after you did that to most industries then you can become a economic monster

[@An-ej4sm]

I thought food safety meant inspecting the food, so this is an incredibly important insight. What does organic farming do?

[@PoliticsGaming]

It provides funds to farms to convert them to organic farming methods. Using different chemicals for fertilizer, livestock reform, soil management...

[@ThePostalGril]

what it says on the tin. organic farming disallows the use of chemicals and fertilizers. they use natural ways to control pests (ie: introducing bugs that eat the pests), they don't use antibiotics, and animals must live and graze naturally outside grass-fed. you get higher quality food

[@TheSkyGuy77]

Industrial pollution tax is OP. can literally stop any deficit in the game, but if it goes too high will cause a HUGE inflation spike (and suppresses growth)

[@PoliticsGaming]

kzbin.info/www/bejne/hGXbpWxqn5psZ7s

[@TheSkyGuy77]

@@PoliticsGaming LMAO xD

[@invasion8318]

unfortunately your first tips regarding for example oil (1:50) are already wrong - it may be the case IF what you are selling is privatized but when you sell oil as lets say russia which has nationalized oil sector the extra money goes to your treaury thus NOT creating inflation unless you spend that money(for example infrastructural projects like highways or subsidies or lowering taxes or whatever that pumps money into the economy)! Also you suggest that not signing a contract means you don't sell oil at all which again - is false, you do sell it but at a different price, world trade organization forces you to sell everything including nationalized sectors even tanks and missile launchers (unless you embargoe a country) that's why you see yearly sales in your industry tab even though you didn't order any tanks for your nation. If I had time I would make my own in-debth tutorial regarding..well everything this game has to offer because most of the tutorials online are simply wrong in many places

[@PoliticsGaming]

Obviously I'm not an economist nor an expert in the economics realm, but this is more based off real-life economics. The research I've personally done to understand the game usually is able to apply well in-game, however, mostly from a Keynesian point-of-view. This tutorial will soon be outdated, so I'm always down to create a new one with new help. Let me know if you'd like to restudy this tutorial and we could work out a video.

[@W10-m2m]

Hello! i love this game , i play as cuba, i did pretty good economically but i dont know how to lower poverty , i still cant figure out how its calculated , because even when economy its getting better , poverty still raises .Do You know how its calculated? thanks in advance.

[@TheSkyGuy77]

Raise solidarity allowance and rental assistance. It helps lower poverty

[@Robdizzle2010]

This is possibly the best guide I've ever seen for this game. Very well put together. Thank you!

[@squealingbagpipes1686]

OH BB This will be good

[@LYKAN3EATS]

Niice man

[@fegeleinantics7898]

I want an economy degree after watching this video

[@PoliticsGaming]

I'm not an economist nor an expert but I did my best to explain all of it

[@nedas592]

Great video

[@mitch2832]

Oh yeah

[@kenetykind9598]

How to increase currency value in 2016 edition

[@PoliticsGaming]

We touch on that, get your notes ready.

[@gokhanyuksel3782]

How to reduce inflstion in turkey starts with over 70 inflation and 5 growth

[@excaliburst0054]

How do I pay dept remburstment and fix a poor country economy

[@pumpedpixel]

Hell yeah

[@italiantank87]

Keep up the good work! I look forward to future collaboration to promote the community. At your service.

[@anxiouspole]

This is the only lesson i dont sleep at

[@TomRubicon5949]

You say subsidies can encourage growth in a sector, but all that happens to me is that the "production %" number goes up; the actual trade balance never changes after subsidizing it - is this normal? That would mea nsubsidies are broken

[@PoliticsGaming]

Late reply, but no. It depends on whether you made any effort to close the gaps/import products needed in the manufacturing process.

[@TomRubicon5949]

@@PoliticsGaming thanks for the reply. Do If my industry needs more raw materials, does increasing production % via subsidies of those sectors, not close those gaps?

[@PoliticsGaming]

@@TomRubicon5949 Depends on the sector. Natural resources cannot be formed from thin air, so the game doesn't allow you to produce it if the nation doesn't start off with any. I usually give it a test subsidy to see if there is any of this resource available. If production doesn't change, I sign an import contract for it. But raw materials are always good to import regardless.

[@jachthejoke3589]

Does Peru still have their Sheep bug in the 2020 version?

[@bitter1081]

Yup

[@AlexisLopez-fn5tt]

No wonder I had so much inflation, as soon as I started I made economic sales contracts for one year for all my surplus resources... It doesn't matter what I do later, inflation always rises... I managed to set the interest rate at 300% and still didn't go down.

[@girayyasinozkrm213]

I also read about Turkey, where inflation starts off very high.

[@aletorres2891]

One question... if I want to import energy to supply the demand, do I have to buy electricity from another country or can I buy some other energy commodity to help me end the shortage?

[@aletorres2891]

The problem with my event is that, I am playing a game with Australia and I can't import electricity from another country, as I have no land border with anyone :( And expanding the energy infrastructure is costing me a ball of my testicle (a lot of money). :D

[@Tavishication]

I guess you mean buying coal or uranium? That won't help. You have to expand your energy infrastructure early, expensive or not. You can take a world bank or IMF loan to finance it. You just have to wait a year to get all the money

[@aaronjazzy5136]

Hey I am playing has a developing country and I was planning to build Aeronotical construction what does it do an how can it affect my economy

[@ThePostalGril]

31:58 i only use austerity when my economy is booming. it seems counter-productive, but it's the best way to start building up your reserves and slow growth. when when your economy is in decline, this is the best time to start spending, building new roads and buildings and putting stars into tabs.

[@godt4gigabytes]

how i construct a energy estructure in another country

[@Marcus_Berger1701]

Im a pro in playing this game. But i learned a few new things about the game. This is really the best GPS Guide. Thx a lot.

[@slampoetry6709]

New to the game but I cant figure out how to build an oil pipeline. I'm playing as UK and I just signed a massive deal for Canada to provide nearly a fourth of my natural gas/oil/fuel needs, but I cant figure out how to build an oil pipeline

[@PoliticsGaming]

Pipelines are only for nations that border you. You build them from a land based oil well and guide them to another nation. So in Britain's case, you only border Ireland. Unless you consider 'taking' another nation, you have limited options and can only export via train/shipping.

[@settingamez8406]

Why do i lose my GDP after it peaks

[@Fallout3131]

Thank you so much!!! This is awesome

[@Ag-vr7gu]

Sorry couldn't watch it earlier I was quite busy.

[@awangga9441]

How to produce iron that says "impossible to open"? Please help me

[@PoliticsGaming]

Late reply but if it says that you cannot open the sector. It means you have no way of producing that resource and need to import it.

[@cokerboy01]

Great Guide but one question how do you control unemployment if it’s dropping to fast

[@TheSkyGuy77]

Lower interest rates, raise minimum wage, and raise corpo tax

[@apostolosk1932]

Hello, nice video, but I still have a question that it is not answered in this or any other video/forum etc. My goal is to get in the G7. I'm staring with a country with 180B GDP and I want to get to a trillion at least. After some years in game I'm at this position: Huge treasury reserves (2-3 times my GDP) Surplus of All the resources that can be produced in my country (there is no more room for subsidies I'm spending like 2% of GDP to every sector and there 40 main sector so 80% of my state expenditures is subsidies) 100% Internet connectivity of all kinds High speed train connecting EVERY city in the country and to all neighboring countries Ports, airports depending fully on STATE solar and having 200 electricity surplus just by building solar plants to increase my GDP (my country does not produce oil) In sort I have managed to triple the original GDP of the country without annexing other areas. I have even found some artificial ways to increase GDP by spending treasury money (25% of the GDP) in order to buy things and stimulate growth within the country without increasing inflation but it is temporary and not very efficient. The money circles from treasury to the economy and back by the end of the circle when the GDP also returns to its original value. So does anyone knows how to continue increasing my GDP? How to keep the growth constant? What else is there to do except for attacking others which is hard because my country has 10M population and annexing other countries is hard and I lose due to to Warmongering and no one want his 50k GDP per capita to go 30k. THANKS TO WHOEVER GETS THIS FAR!!!

[@robbeandredstone7344]

Well, that is exactly the position China will soon be in ;)

[@thegoodoldtankie80]

It's simple, you can't, unless you achieve new technologies that raise your production you will not increase your gdp unless your population increases as well

[@parallaxcrafttale]

Does the game still crash?

[@aarne8]

What is Structural Deficit Someone please explain that to me🙄🙄🙄?

[@PoliticsGaming]

I need to make a video dedicated to it...

[@nunomartins7377]

How do i know how much i should subsidie?

[@cris1766]

I have a question, I play as Ukraine a lot of the time and every time I try to join the Euro the game tells me basically that I need to improve the human rights situation in the country, even though I try doing so by adjusting the teacher’s freedom, the media’s freedom, give more power to parlament etc and still it’s not enough to join the euro. Anyone knows what I might be missing?

[@TomRubicon5949]

Death penalty, same sex adoption and other rights, remving the 1 child policy if you have it

[@ivanbro1208]

more rigid gun controlls

[@ivanbro1208]

and no conflicts either external or internal. just like in real life

[@JadenLightvale]

PG pulling a Cyberpunk on us

[@ConteDAlba]

Keep up the good work, I really liked this tutorial

[@ellanceropureblood1128]

My friend, did you find how to make own country's global production of any resource grow to match de consumption without subsidies or exonerate? I need to get rid of global trade, my citizens demand to be on their own. How to rise that over time? I tried everything possible looking for the self sufficient way.

[@ellanceropureblood1128]

Maybe the game cant do it?

[@robbeandredstone7344]

What country are you playing?

[@ellanceropureblood1128]

@@robbeandredstone7344 more than one but always Spain is in It.

[@robbeandredstone7344]

@@ellanceropureblood1128 Absolute self-sufficiency is not possible, but what I suggest is picking out the most important industries you rely on and specifically poring billions into them as well as annexing countries producing what you need. The latter is probably one of the best options.

[@ellanceropureblood1128]

@@robbeandredstone7344 thanks, is just for roleplaying a totalitarian nuclear power threatening world peace.

[@Danefrak]

New economic guide when??

[@PoliticsGaming]

[@ThePostalGril]

excellent guide!

[@roberteinstein7432]

Where I can find these tables? 22:23

[@PoliticsGaming]

It was made by Gabe Vogel, so this video is the only place you can find it for now.

[@roberteinstein7432]

@@PoliticsGaming Ok. Thanks!

[@groman9900]

Im playing Greece and i see that Debt reimbursement is rising... How can i reduce it? Please answer me. Thank you!

[@PoliticsGaming]

Don't play Greece... Simple!

[@PoliticsGaming]

Don't embark on major projects and get some tax reform passed so you can reduce the deficit. I know for a fact Greece owes the EU Bank around $80 or $90 billion alone, which might be one explanation as to why reimbursement goes up as these emergency loans from the IMF, Euro Bank, and World Bank are very high interest. And those don't even include your national debt, which Greece likely starts off with high rates due to the previous debt crisis.

[@groman9900]

@@PoliticsGaming thank you

[@groman9900]

@@PoliticsGaming what can i do please answer. Thanks!!!

[@PoliticsGaming]

@@groman9900 What specifically are you asking for? If you're talking about what you do after a tax reform, just maintain the lower deficit. Get it under 1% and keep it there, or shoot for a surplus. Don't spend too much money until you see large surpluses.

[@szexmaster]

i like this guide but i have a good strategy how to stop inflation as an european nation: join EU, join euro, and spam subsidies

[@TomRubicon5949]

Can I ask something? Are subsidies working for you? All that happens to me is that the "production %" number goes up; the actual trade balance never changes after subsidizing it - is this normal?

[@szexmaster]

@@TomRubicon5949 i think because you have to trade with that product