UK Korean Friendship Association #fundie facebook.com

Something that is being shared a lot and commented on is a report from the south Korean puppet Bank of Korea about the DPRK economy . The headline in Reuters says "North Korea 2016 economic growth at 17-year high despite sanctions: South Korea". This news is being carried by all sorts of news outlets . We are not going to share items from outlets like the Daily Mail on the UK KFA page.

In fact the 3.9 per cent figure for economic growth is actually a gross underestimate. The real figure is much higher than that , probably several times that. The DPRK media have reported increases in industrial output value for several industries as being 20 per or 30 per cent year on increases .
What they are not telling people is even the grudging 3.9 per cent figure is higher than the 2.7 per cent growth claimed for the south Korean puppet economy , abour 40 per cent higher .

It is worth pointing that the DPRK has enjoyed 17 years of straight economic growth and was unaffected by the 2008 crisis of the capitalist countries.
The various media commentators on this article do correctly point out that the DPRK's economic growth has been achieved despite sanctions. However they do not go deep enough in their analysis.

Not only is the DPRK's economic growth higher than that of south Korea but most importantly it is self-reliant economic growth, the basic engine for the DPRK's growth is the Juche-based independent national economy, whereas as south Korea's "growth " is based entirely on foreign capital and loans .
Finally, in the DPRK economic growth is used entirely for the people's, it goes to increasing wages, building new housing , schools and hospital whereas in south Korea and other capitalist countries any money from increased economic growth goes into the pockets of the capitalists

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Confused?

So were we! You can find all of this, and more, on Fundies Say the Darndest Things!

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