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North Korea has arguably the worst economy in the world. However this was not always the case. In fact for a brief moment in time it was the most industrialized nation in Asia and persistently outperformed South Korea for decades. How did not North Korea go from the “Idea socialist state” to the worst place to live in the world?
North Korea
Korean War
Economics
Communism
World History
Posted >1 y ago
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Putting your money in to things that don't matter and killing the incentive of your people will do it
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Good video. Important note is that fall to poverty did not happen overnight. Politics and bad decisions over multiple decades contributed towards DPRK decline.
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