Monday, December 18, 2006

The Current Economic Situation in North Korea

So how is North Korea's economy coming along? Much better than a few years ago.

Andrei Lankov had an interesting article a few days ago on Neo-Stalinist economics vs. capitalism. Many merchants around the country are making tons of money. Sometimes more than party officials. On top of that many North Koreans are buying bootleg DVDs of Korean dramas and small handheld radios from China. Outside information is coming into North Korea.

But if it is, then why aren't the people mad at the current regime? Simple. They're making money and don't want to screw it up. If they start to question the government, then they'll get arrested and thrown into jail and lose all of the money they earned which will go to the government.

NEWS: Moderate conservatives and reformists are beating Ahmadinejad's ultra=conservatives in the local elections! In a few years, North Korea can say good bye to Iranian nuclear technology!

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