Pretty much. I was quite tempted to put "(no)" after title but I guess HN usually wants exact titles.
That said, measuring Russia's economy is kind of hard anyways because most of the wealth is concentrated in oligarchs and they have enterprises all across the world. Very often even if one of the oligarchs is doing well financially it won't exactly translate into Russian people gaining any benefits (most likely it will be yet another yacht for that oligarch) but they will still probably count it as an increase in their country's GDP.
No one is winning economic wars. Not even the rich who get to play both sides. They’re just avoiding losses, if you’re in the position to do war profiteering you would have made money anyway.
I don’t understand why money is being funnelled into an economic war rather than, aham, attempts at speeding up the dictators transition into a different state of consciousness ( or lack there of).
I genuinely believe that would be the most effective use of money. Get someone to, you know, do the thing, blame it on one of the countless possible usual suspects and cut a deal with whoever emerges victorious from the ensuing power struggle.
People will say “you don’t know if the next one will be worse”. Sure, but, my argument would be Stalin. Stalin was repudiated after his death. People went along just because they were terrified of him. I don’t think the situation would be much different now.
I don’t know. Just my two cents. I don’t like war, economic or otherwise. The sooner it stops the better it will be for everyone.
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[ 3.4 ms ] story [ 26.6 ms ] threadSince it is hard to get real economic metrics out of Russia he uses Yale University report for his summary [1].
[1] Business Retreats and Sanctions Are Crippling the Russian Economy – Yale University https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4167193
That said, measuring Russia's economy is kind of hard anyways because most of the wealth is concentrated in oligarchs and they have enterprises all across the world. Very often even if one of the oligarchs is doing well financially it won't exactly translate into Russian people gaining any benefits (most likely it will be yet another yacht for that oligarch) but they will still probably count it as an increase in their country's GDP.
I don’t understand why money is being funnelled into an economic war rather than, aham, attempts at speeding up the dictators transition into a different state of consciousness ( or lack there of).
I genuinely believe that would be the most effective use of money. Get someone to, you know, do the thing, blame it on one of the countless possible usual suspects and cut a deal with whoever emerges victorious from the ensuing power struggle.
People will say “you don’t know if the next one will be worse”. Sure, but, my argument would be Stalin. Stalin was repudiated after his death. People went along just because they were terrified of him. I don’t think the situation would be much different now.
I don’t know. Just my two cents. I don’t like war, economic or otherwise. The sooner it stops the better it will be for everyone.
But Europe is definitely losing the economic war.
Europe looks like it has shot itself in both feet, and then shot itself in the head to make sure of it.