Power & Revolution | Economic Tutorial 2.0 (READ DESCRIPTION)

[@PoliticsGaming]

CHECK OUT THE NEW AND IMPROVED ECONOMIC GUIDE: kzbin.info/www/bejne/mWKam4yNi7yUnbM&ab_channel=PoliticsGaming

[@saltysenpai4216]

Guys don't forget one important thing.. Man power/Employment, you can't produce everything no matter which country u choose, you must import some things...it's up to you which one u will import and which one u will sub.. to produce. Never import final product, your goal is to produce final product and sell it, so try to import things what helps u to produce final product and u will sell it for higher price, u will have money to pay that import + u will have profit. Keep your unemployment arround 4-5% is the best lower than that will slow ur economy. Pain in the ass is to subsidize water supply networks cuz is so expensive so what u can do is go slow... don't rush with economy and subsidize's with big amounts.. let your country grow and whatever u change wait few weeks/months to see effect and ur country to stabilize after trades, subs.. etc.. that's a key. If u do all right but too fast.. u r doomed.. u will have more problems and bad things than good.. cuz everything is connected in this game like a chain.

[@Rudra_Jr]

How much should I put in water supply subsidies, if I want to grow it fast and I have lots of money to spend ?

[@k3kboi665]

@@Rudra_Jr as much as you can spare?

[@OVRxNxOUT]

That’s some pretty solid advice. Thank you for that.

[@dc1440]

This is good advice I’m still playing the game I started a few days after this tutorial. I paid off my debt in my sixth year. I extended my term and right now in my 9th year my reserve is at 8.4 trillion. My Vat is at 11.83% currently.

[@Rudra_Jr]

Treasury reserve is measured in millions not billions, so you must have 8.4 billion in reserve because 8.4 trillion in reserve is impossible to do in 9 years after dealing with a 20 trillion public debt. Three of five world's most economically powerful countries don't have that much in GDP my friend.

[@aztecc3722]

How??

[@j.franklin21]

@@Rudra_Jr Who said he's The US?

[@NegaRenGenX2gay2lift]

O dang a 11 percent VAT tax. Reminds me of this Yakuza 0 side quest where you save a tax legislator from a violent mob because he was a sole person who created Japan's sales tax

[@doopdagamer7896]

@@Rudra_Jr it is coming login to connect to online can u help me?

[@morrist8727]

This is the best tutorial economics that I've found thus far.

[@PoliticsGaming]

Awesome!!

[@morrist8727]

@@PoliticsGaming Do you cover any other sections of the game in brief?

[@PoliticsGaming]

Check the newest one, lad.

[@morrist8727]

@@PoliticsGaming I haven't played it for awhile but I will check it out. Thank you for updating.

[@thegramzo]

Some of primary resources can be produced (starting with 0 production), depending on the country, this is rare but for example if you subsidize coal for Brazil, you can start the production of coal, there are a few other examples.

[@henriquecesar482]

Graham Newell Thanks for the tip. And Brazil is really large, that surprises me everytime

[@Rudra_Jr]

You should make a tutorial on taxes only, explaining which tax does what. I still don't understand how company tax and company turnover tax work. If Deforestation tax and Industrial pollution tax is good or bad, for my agriculture and industries. PS - Thanks for the video man it helps a lot. 👍🏻

[@kalifakush9442]

i tried it, with amazment it put above with a excess of 6.40% i paid off my debt......almost

[@dc1440]

Thank you for this tutorial it will really help me improve my gameplay and understanding. Can you do a tutorial on becoming friendly with a nation that hates or dislikes you? For example when you play as the U.S., Mexico dislikes you and won't agree to any transportation deals (High Speed Railway).

[@DrXoz]

Make trade deals that is slightly better for them, give them huge amount in aid, meet their leader on a monthly basis, remove all your spy networks from their lands or prioritize for your spies to only dismantling the rebel groups which are based in their lands. These are all the ways i know of so far.

[@dc1440]

Xoz eXoz Thanks for the advice. I’ll give it a try.

[@ThePostalGril]

what i find fascinating about this game is real world economics translates surprisingly well in-game

[@PoliticsGaming]

Yes, that's why the next economic tutorial will try to address some policies and talk about how the player can pass different laws and how it affects the overall direction of a game

[@PoliticsGaming]

What kind of real-world policy do you use?

[@ThePostalGril]

@@PoliticsGaming i must confess im a fan of margarat thatcher. in this playthrough im implementing full thatcherism mimicking all her policies and philosophies where the game allows. im not a economics buff though so watched and read a lot of hayek who was her inspiration to get a better understanding of what to do. whats amazing is similar events and outcomes happen in game that happened irl. economy is doing great but im universally hated by all the trade unions... talk about accurate lol :P

[@NegaRenGenX2gay2lift]

@@ThePostalGril i like how this game can work in the opposite of the spectrum of the economy. its really all about HOW well one implement's their economic strategy not much about which economic strategy is "correct"

[@NegaRenGenX2gay2lift]

like yeah i can do a 20% wealth tax and jack up the tax on the rich by 50%, but you do it slowly and not instantly from 15% to 50% within a day

[@gabevogel5055]

PG, you should check the size of the images, they are only 200x88 and its hard to read.

[@PoliticsGaming]

It shows 1500x660 for me.

[@gabevogel5055]

weird, for some reason its showing as 200x88 to me

[@PoliticsGaming]

Gabriel Vogel It shows up for my phone too, get on a PC and it shows up fine.

[@yuriportela8543]

Remove the * /revision/latest?cb=20170623142300 * at the end of the link to get it at the right size.

[@gabevogel5055]

Thank you!

[@cblyat53]

Regarding 20:38 I know nothing about economy but I thought that tariffs discouraged import of products in favor of local production, as an incentive to both keep industries inside the country (ie. reduce "offshoring", not sure about the term there, when industries close to re-open in another country) and create more jobs inside the country. A positive thing on paper but quite nationalistic and probably not liked by foreign countries

[@j.franklin21]

That's exactly what they are. But there are Import, and Export tariffs. Import is what you described, Export is the opposite.

[@ramon5914]

@@j.franklin21 P&R customs duties are the Import tariffs - that is what the in-game description says. It seems you can't impose Export tariffs in P&R.

[@alexvallejoslillo]

If my country's growth is 10%, how can I manage inflation?

[@ellanceropureblood1128]

Tax the companies. Rise minimum salary. Rise petroleum tax prices. That fuck the growth. Take away the shekels of the citizens by taxing them in some ways. You have to do it carefully and not running, see every month how it is afecting and planing the next move. I read that: Inflation 2.00% Growth no les than 3 but no more than 6. Unnemploiment betwen 4-5. That 3 things are the key.

[@l.h.9747]

another question. i have a budget surplus of 24% as north korea and i have paid of my depth. for the money i have saved i get an interest rate of 72% or something like that. is that a bug or normal ? because 72% seems extremely exagerated.

[@IncogNidos]

Your speech now way better than old tutorial, but you have to control your "umm" usage. Other than that very nice tutorial, like from me

[@PoliticsGaming]

Econ 3 is gonna be the best one yet. Just wait.

[@PoliticsGaming]

ummmmmmm

[@gabevogel5055]

Great video! Way better and detailed than my tutorial, congratulations on your work! :)

[@bagelsecelle9308]

Hi I might be super late here, but I wanna know what is the best way to improve a thrid world country economy, Like have a very nice economic growth that wont make your inflation sky rocket. I had a 10% economic growth and my inflation for the year sky rocket to 15%-40%. They do go down after a year, but slowly compared to their raise.

[@yassineyeh2539]

Never do trade deals, they are really bad. They only result in hyperinflation. Imports and exports are done automatically. So keep subsidizing your farming and industries and build some roads and train lines. Keep doing that, while adjusting taxes every so often. And be patient! That is how to improve a third world country ;)

[@bagelsecelle9308]

Yassine Yeh thanks I also noticed that when I purchase raw materials. Tho is selling considered bad as well? And by adjusting taxes, which taxes do you prefer I adjust ?

[@WildsDreams45]

How do I debt trap countries into giving me strategic locations or resources?

[@Shibiwow]

Do you have a tutorial on how to make scandals about other political/celebrity public?

[@aimarramadhan2380]

I spent too many infastrustures and ends up with high inflation. My budget deficit was in the very right but inflation goes sky rocketing. I guess the only way is to increase interest rate and buy products from other countries.

[@Marcus_Berger1701]

Pls can you help me. What i don't understand is the following: I played around with the Aluminium Production (and other productions too) in the USA. What i noticed is that whatever i do my sales price stays the same. It looks like the sales price is fixed and the only the purchase price changes. 40 years played and the sales price is the same. To test this i cheated and imported Bauxit and Watersupply at an extremly low price. Both needed for the production of Aluminium. Also i reduced the price of electricity by 100%. In theory Aluminium must be cheaper than before. But that is not the chase. Its like the imports doesn't do anything. My purchase price gets higher and higher. Its now exactly the same as the sales price. And the sales price is the same as before. Shouldn't the sales price be lower now? I mean i reduced the manufacturing cost. It seems the sales price is fixed. Also why is the purchase price rising. Shouldn't the purchase price fall? I mean before i imported Bauxit and Water at a much higher cost. Lets say 150 for Bauxit and 50000 for water and 207 for electricity. Now Bauxit is imported for 19 !! Water for 3000 and Elcetricity costs 0 (cause i reduced price of my electricity. i have a huge electricity surplus) In theory Aluminium must be cheap as hell in comparsion to before. I don't understand why the sales price is fixed and why the purchase price is rising when i am lowering the manufacture cost. My Excel Testing sheet is now 30 sites long. I tested the effect of every change i made and put it into Excel. (price reduction, more workforce, imports/no imports, higher price imports/lower price imports) xD

[@cokerboy01]

Great tutorial but how do you gain more money for each ministry Budget is it through taxes???

[@sebastiannieto65]

I need this tutorial, but in spanish xddd. Pd: thanks for the explain

[@hassanabdulahi4705]

Quick Question how do I make my industry sectors rise. I am subsidizing things like pharmaceuticals and biotechnology but it only goes so far. I have everything in the supply chain like coal and sugar but it still doesn’t rise in production

[@keithwicks9103]

you helped me with the game quite a bit so thank you for that but you probably could have cut about 10 minutes out of the video if you didn't keep stumbling over your words.

[@PoliticsGaming]

SHHHHHHHHHHHHHHHHH

[@TomRubicon5949]

Isn't trade balance the difference between import and export instead of production minus consumption?

[@리주민]

How do I create American style healthcare? It looks nationalized as I have govt employees as doctors...and I set how much to fund. If I don't fund and get rid of doctors then I show as a third world country. Please advise.

[@mntwins28]

Value Added Tax....yeah it makes money and but the people hate it. Every time I try to implement it, I'm immediately overthrown.

[@yassineyeh2539]

Start low and increase it in increments like on a monthly basis or even only every 3 months. Don't shock your population with a sudden VAT of 20% or so!

[@danielromero001]

I have a problem, when i die or get kicket out of the government, i can't play anymore, how do i fix that?

[@dylanhunt2579]

Ar Hent with the God and spy add on (I think that’s what it’s called) you get an option to continue playing as an opposition party or your successor. If you don’t have the expansion or DLC I’m not sure if you get that option.

[@danielromero001]

@@dylanhunt2579 i have the 6.16 ver and i play as opposing party, i can also play as the elected head of state, but only when i lose elections i can keep playing, if i get kicked out of office, die or killed by a strike i can't play anymore, and even if i play as the new head of state, there aren't notifications, i can't see if bills are passed or not, i can't see disasters, i can't see anything, there aren't any demonstrations, riots and strikes, the game just gets paralyzed I tried to see if i can download the godnspy mod but i'm poor and i don't have a credit card, i guess there's no choice rather than waiting the game to update that ridiculous feature

[@MrMartinBoettcher]

The amount I enter to subsidize an industry, is that a one-time payment? Recurring yearly?

[@thestickmanchannel8589]

recurring i think

[@cicada423]

I'm going to use this to help out North Korea

[@whitepillalliance4166]

Hello what happena if you conquer the world?is there any end game?

[@rhanson1124]

The game continues but even annexing a country as a spoil of war doesn't necesarily mean the end of conflict as many times the former countries political parties, unions and or associations will form into terrorist group or rebel groups and continue waging war against you. I tried reunifying Korea and did manage to annex the south as the north but the rebellion/terrorist group that formed from the fall, maintained waging war against troops in occupied cities. Occupation of cities would continue going back and forth until it became fiscally impossible to keep going and my own government overthrew the head of state.

[@NegaRenGenX2gay2lift]

Does construction like government housing, energy, and transportation projects affect inflation?

[@PoliticsGaming]

In-directly, as you can increase growth, but high growth equals more inflation.

[@WombatXBT]

How would I go about re entering the WTO ?

[@ellanceropureblood1128]

Naaah... fuck them, you are better on your own. Oh yes i forgot, get some nukes to be respected.

[@elitegamer5503]

The images are impossible to see. whats wrong with the size?

[@rhanson1124]

How does transportation work as far as placing highways and railroad? Is there any data that explains where transportation routes between cities are needed?

[@PoliticsGaming]

I tend to look at the amount of infrastructure in certain states. Connecting large cities with highway and HSR is favored. In episode 3 of the US, I build a California HSR and all of the lines are told to be good for the economy.

[@rhanson1124]

@@PoliticsGaming Thanks for the reply. I'll check out the video, I usually watch while I play anyways. 👍

[@peterberzety1299]

Can someone tell me what I am duing wrong that I have 15 oil wells in several regions producing on "very well" soil but only maybe 15 000 tons instead of 25 000 000 as ussual? I am playing syria, I have build oil terminal but it is still empty. gas production is ok but i do not know what to do with oil one. The same was in iran, my production from the beginning was around 188 000 000 but after building new wells it didnt changed.

[@Skulduggery_P]

Ive read somewhere the game only calculates the first 5 oil rigs/solar/gas etc in any particular region, anything after that is counted as null in annual production.

[@markorahoske6931]

also is there a way to directly pay back the loans from countries you borrowed from?

[@PoliticsGaming]

The game takes into account your spending and debts and it pays it back accordingly. It disperses it throughout your debtor's.

[@henkvisser9741]

Could you *pretty please* tell me why any new oil/gas wells dont produce more the 5 million toe? Also no matter what I do in subsidies the manpower stays the same. Most stuff is pretty doable to understand by trial and error but this code I just cant crack unless I do boring tests for hours and hours. My test set-up is: China, the 2 starting oil wells produce 100 million toe. I build 3 new oil wells: 2 close to the 2 starter wells That are in a very weak area (just as the starter wells) and 1 on the average spot. Results: the 2 very weak ones produce 0 toe and the average 32 million toe. So the average well produce less then the very weak starter oil well...So I tried to sudsidize 500 million + exhonorate and wait a year. The production barely changed. it was up by about 200K toe on the 100 million ones but nothing on the 32 million one. Also the energy window keeps showing me the cross for "no production" next to conventional oil. I cannot sudsidize the "oil" sector (the one that is split up in the 2 subsecors conventional/non-conventional). so Question 1: How can someone fully take advantage of newly built oil wells? Does it take longer then 1 year? that brings me to question 2: it says "annual reimbursment over 5 years" when I build, so that means I get the invested money back over 5 years? Or is that the annual build cost and is the oil production ready to go only after those 5 years (about 6-10 days real life play time....By that time China captured half the world). I would really like to know, thx in advance!

[@henkvisser9741]

No googable guides explain this sadly...

[@jagienka111]

Theree things i can say you about petrolium production 1-Dont build more than 5 well in one region 2-dont settle them too closely 3-game is full of bug so oil wells and wind mills can have zero production even if their capability is avarage or good, just you need to do is destroy them and build new one

[@emiluyoa7625]

How do i increase staff in administration???

[@kurtcatolico4001]

Hi sir, do you find out how to increase staff in administration?

[@jagienka111]

Try to increase their salary but really why you want to increase adm workers?

[@jagienka111]

@Football Hunt im not sure but nationalisation of sectors and put them manpower ''might'' work, i dont know if game conclude them as administration stuff

[@theloniousmonk81]

Hello friends! if I sell 10,000,000 steel, for example, in a 5-year contract ... the contract is for 50,000,000 during those 5 years? or is 10 000 000 divided during those 5 years? (2 000 000 per year)? The income of the money for those commercial deals where it can be observed in the tax screen? other tax revenues? income generated by companies? etc.

[@ThePoliticalMoose]

10,000,000 in a 5 year contract would be a Volume sale, meaning that by the end of the 5 years you will have supplied 10,000,000 while they paid x dollars. Look at it as I'll sell you x product with this amount (typically large quantity) so normally your highest produced sector in finance at x rate for x years, regardless of Market price fluctuation. Large contracts do over a number of years otherwise infusing too much money into your economy will cause growth to skyrocket, with that comes inflation. aim for a 5%-5.5% growth rate to maintain a healthy inflation rating. Small production goods can be made in short term contracts say a year or so. The only way to directly see the profits of that trade deal is to have the sector nationalized (don't always recommend). What it will do though is promote growth IN that sector, and increase your productivity % in the world, certain sectors do better with scientific discoveries, thus can sell the goods at a higher price. This growth will cause you to take in more money via taxes you have in place.

[@theloniousmonk81]

@@ThePoliticalMoose thank you! My interrogant is because if you see, upper in the contract it says...annual volume sale... I understand that we are talking about an amount of x product in a year... Talking with other people they said me that is of this way. Are you shure? How can we know it? Thanks my friend.

[@henkvisser9741]

In my experience it is what you sell per year, for 5 years in a row. Notice "products aleady under contract" under your production and how production doesnt change if you change number of years? Also if the average sale price is 2K, and you sell for 3K, you have 1K more in sales. Then if you have an income tax of 20%, you have made 200 more then not doing trade. So if this is in billions of K, you have made 200 billion more income tax.

[@whitepillalliance4166]

What does the budget red and green means?

[@PoliticsGaming]

Red means recent spending has been increasing the deficit. Green means lowered spending and increased growth is improving the deficit.

[@ellanceropureblood1128]

@@PoliticsGaming and the arrow? Sometimes budget number is green but the arrow moves to red and green

[@audriuliukas]

Gana issamus ir geras tuttorial

[@PoliticsGaming]

Check out my newest one!

[@markorahoske6931]

that's one thing that's been bothering me since playing this game, 30:15 debt is a problem yes, but why can't you just print more money and cause inflation? this is a world simulator game right? Damn near every country does this, (it's main causes of recessions) yes i understand you can lower or raise federal Instrest rates but that's only a small part of inflation.

[@PoliticsGaming]

P R I N T M O R E M O N E Y

[@Michael-sl5qx]

amazing work

[@mirahi7792]

I can't get through the link

[@dipanjanjha6208]

What will happen if surplus the budget..where about that extra money.......

[@PoliticsGaming]

Paying off debts and large projects you initiate like electricity and high speed railways.

[@dipanjanjha6208]

Thaks.. But what is this treasury indicator in the budget section.... Excess money should deposit in treasury

[@JadenLightvale]

How do i increase pursaching power?

[@NegaRenGenX2gay2lift]

lower vat tax (if your country has it), employee social security payments, income taxes (middle and poor classes)

[@trienos3040]

This game seems buggy as all hell though. Shame as it has amazing scope and potential

[@ellanceropureblood1128]

Imagine with beter map graphics in a 3d rounded world. Its the better political simulator ever but yes...many bugs i heard. I just hace one, taxes modification costs sometimes shows the wrong calculation, but not affecting the budget negatively un any way. Just a visual bug

[@danielromero001]

Is it posible to annex a nation by war?

[@johnnyhandsome3424]

Yes

[@johnnyhandsome3424]

I annexed half of Mexico within the first year

[@Slimlemon8888]

@@johnnyhandsome3424 every time i try they throw me out of office

[@danielromero001]

@@johnnyhandsome3424 i tried, but the game has a stupid thing and when i gwet kicked from government i can't play anymore, how do i fix that?

[@johnnyhandsome3424]

@@danielromero001 What nation are you using?

[@joeshmo1926]

Or just tax industrial pollution- easiest way to get money and extremely popular

[@l.h.9747]

im playing north korea right now os i have state run industry. i want to increase my water production but no matter how many workers i asign to the water supply it decreases. how can i increase the production and productivity ? the production stays the same or decreases and the productivity index reduces.

[@MrKenichi22]

very helpful

[@dipanjanjha6208]

My popularity is 100%... But get killed.... What is the solution

[@jagienka111]

Increase head of states security (police sec.) and be sure your head of army likes you

[@cholizgz9999]

How can I reduce inflation??

[@rhanson1124]

Choli Zgz, Raise the interest rate if you are not part of the EU, as inflation is the growth of the supply of money over the economic growth causing the purchasing power of money to decline. Raising the interest rates contracts the supply of money by lowering the demands of bank loans and the bank loans that are taken more money is paid in interest which usually remain deposited in the bank. On that same note it reduces consumption and investments as higher interest rates encourage people to save their money in the bank. It usually also helps to cease government spending when inflation is rising.

[@jaredpeterson5335]

@@rhanson1124 I 2nd that. Inflation happens when there is an abundant amount of money out in the market or available to the market. By raising interest rates you are raising the prime rate which is the rate that banks pay to borrow. When interest rates are raised you are reducing the supply of money to the market. There are pros and cons to everything though. By increasing interest you will slow economic growth and slow or reduce inflation, reducing interest rates will stimulate economic growth but increase inflation. It's just a balancing game. Also, I dunno if it's in the game or not but the government can also manipulate inflation by issuing government bonds or having the federal reserve buy back bonds. When the government issues bonds they decrease the supply of money and when it buys bonds back it increases the supply of money.

[@henkvisser9741]

Other tips are: dont do to many great sale deals with countries. I Started playing first playtrough and sold whatever I had to US, Inflation went to 100+ percent even on max interest ratewith 3 months or so. Then there is minimum wage...Still testing that.

[@fajrireynaldo5858]

Thx u

[@djjermagicstick]

gop dont lower middle class taxes

[@hyenaholicproductions9033]

I don't understand Contracts no matter how hard I try. It's fucking contorted.

[@PoliticsGaming]

um

[@nameone6990]

Communist slay!

[@eddyA2]

Why is the game so thrown to the left specially when it comes to parliament

[@MlokLik]

@@Martel22 Are you joking

[@ng3378]

@@Martel22 not all French are socialists stupid, there are a lot of socialists in the USA too it's just that corporations have more power to keep control of the politics.

[@henkvisser9741]

*sigh* what countries did you play? If you click on top right on your country or compare yourself with another country in diplomacy after right clicking that country, you can check your parties stance on things. You can also check other parties in parlement. The left wingers just rise up in protest more often then right wingers but if I for instance play Israel in 2016 and raise tax on high income, ill get a right wing protest eventually. Its just that the right wingers in start of game like you more so you have more "credit" to use up before the rise up against you, since your party is right wing as well...

[@simonhayward4058]

im here to battered russia and north korea, i love it