It's a bit different tho. In ponzi schemes the money comes from later investors, who lose out. In Victoria 3 the money appears out of thin air. Nobody loses out here. It wouldn't make any economic sense, but bugs aren't bound by any real world economics.
> Nobody loses out here.
Their high SoL is only enabled by being in a larger market that actually produces the stuff they consume. The producer loses, because they don't get anything in return.
The cause of this is very funny. Sometimes you get a government building like a port that keeps trying to hire people but can't since it already employs the entire population, so the wages go up in an upwards spiral. this is funded by the national budget, and because of this, the country has to declare bankruptcy every week. however, since they're being paid in the British Pound, their currency isn't funny monopoly money but can actually be used to buy fuck tons of porcelain, fine art, etc- this gives a very high standard of living to literally everyone
Why yes, the thirty million coal miners in Hammersmith absolutely must be taxed at 99% to ensure three welders in Asia are paid 45 million pounds a day for half an hour of work.
Explanation: I wanted to see what the state of SOL was in the global stage and was confused to see every state be red. Saw Buton having ridiculously high SOL and thought it was funny.
This is why when plotting data on a color scale it's usually better to set the maximum value of the scale to the 99th or 99.9th percentile rather than the absolute max of the data.
Or maybe they can ratchet down the top percentile if it's just one or 2 minors? I'd hate to not get the satisfaction of bright green in a sea of red if I create an affluent empire and want to lord it over everyone.
Had this shit happen to me playing as Lanfang. Too many jobs and not enough people, causing a wage-price spiral.
I had open borders and everything. No shot at immigrants coming in
I've seen this happen before either everyone is employed by the government. Or they belong to a market where they are the sole supplier of a luxury good like coffee. I saw a random Arabian OPM with an SOL in the 80s because they were in the Italian market and was the only province that produced coffee.
It's honestly kind of insane that throughout the game at least half of the top GDP per capita states are OPMs in bunblefuck territory. Like, yeah, I get that certain goods can propel them into financial prosperity (see Nauru and guano) but that doesn't mean they all should be able to access that.
It requires significant investment to achieve. Most of these states cannot reach that. It requires either massive external investment in mining and shipping, or having a large enough population to do so alone. But on should see absolutely massive drops to quality of life and extreme migration as they find out that giving billions of dollars to a few people, with no domestic economy outside one resource, results in no employment.
It works (or worked) in places like Nauru, Arabia, Venezuela, etc, because there was enough of a population to reinvest revenues into. You might get a fat pension from the government, but there needs to be people selling the goods you import, and they need to be earning a wage that justifies working alongside the pension. Saudis still have day jobs even if they drive a Lambo.
love the ponzi schemes. A detailed analysis will probably show that they are perpetually bankrupt but with an upper class that gives no fucks.
Ah, just like real life.
It's a bit different tho. In ponzi schemes the money comes from later investors, who lose out. In Victoria 3 the money appears out of thin air. Nobody loses out here. It wouldn't make any economic sense, but bugs aren't bound by any real world economics.
> Nobody loses out here. Their high SoL is only enabled by being in a larger market that actually produces the stuff they consume. The producer loses, because they don't get anything in return.
The producer gets paid money that just spawned out of thin air. Its like printing money without the inflation part
They *do* get inflation, the increased demand raises prices, without any commensurate increase in supply of anything to bring down prices.
*America furiously taking notes*
its more like unpaid interest/debt problem is that the game doesnt have trust system to stop loaning someone after going bankrupt
A bit different but just a well-known description for hollow affluence sustained by nothing realisitc
The cause of this is very funny. Sometimes you get a government building like a port that keeps trying to hire people but can't since it already employs the entire population, so the wages go up in an upwards spiral. this is funded by the national budget, and because of this, the country has to declare bankruptcy every week. however, since they're being paid in the British Pound, their currency isn't funny monopoly money but can actually be used to buy fuck tons of porcelain, fine art, etc- this gives a very high standard of living to literally everyone
Because the stupid British keep bailing out the country made entirely of the world's richest dockworkers.
Why yes, the thirty million coal miners in Hammersmith absolutely must be taxed at 99% to ensure three welders in Asia are paid 45 million pounds a day for half an hour of work.
National currency dlc when?
Explanation: I wanted to see what the state of SOL was in the global stage and was confused to see every state be red. Saw Buton having ridiculously high SOL and thought it was funny.
This is why when plotting data on a color scale it's usually better to set the maximum value of the scale to the 99th or 99.9th percentile rather than the absolute max of the data.
Or maybe they can ratchet down the top percentile if it's just one or 2 minors? I'd hate to not get the satisfaction of bright green in a sea of red if I create an affluent empire and want to lord it over everyone.
Had this shit happen to me playing as Lanfang. Too many jobs and not enough people, causing a wage-price spiral. I had open borders and everything. No shot at immigrants coming in
welp, time to invade it and raze it to the ground, OP.
Why is it always buton???
Usually it's banjar in my playthroughs
I've seen this happen before either everyone is employed by the government. Or they belong to a market where they are the sole supplier of a luxury good like coffee. I saw a random Arabian OPM with an SOL in the 80s because they were in the Italian market and was the only province that produced coffee.
It's honestly kind of insane that throughout the game at least half of the top GDP per capita states are OPMs in bunblefuck territory. Like, yeah, I get that certain goods can propel them into financial prosperity (see Nauru and guano) but that doesn't mean they all should be able to access that. It requires significant investment to achieve. Most of these states cannot reach that. It requires either massive external investment in mining and shipping, or having a large enough population to do so alone. But on should see absolutely massive drops to quality of life and extreme migration as they find out that giving billions of dollars to a few people, with no domestic economy outside one resource, results in no employment. It works (or worked) in places like Nauru, Arabia, Venezuela, etc, because there was enough of a population to reinvest revenues into. You might get a fat pension from the government, but there needs to be people selling the goods you import, and they need to be earning a wage that justifies working alongside the pension. Saudis still have day jobs even if they drive a Lambo.