Sanctions have been a blessing for Russia and China. Seems like they just make massive economies more self-sustaining and global south-oriented.
Russia’s bet on the Global South century
Well, it’s less of a bet and more like their capitalist ruling class was forced into it because of the sanctions. But it’s been shaping up to be a good thing for Russia overall, and that should get even truer as China overtakes the US.
The West has basically removed itself as a competitor to Russia ergo subsidizing the cost of building industry by simply leaving a void. It was so obvious that the sanctions were going to blow up in our face.
Uh, have you seen the Chinese economy recently?
Yes, and it is booming. It keeps outperforming the sputtering western economies by leaps and bounds.
Ain’t no party like a 50 cent party 'cuz a 50 cent party don’t stop.
Can you talk like a normal person please
@mozz@mbin.grits.dev Regarding our prior discussion from months ago about the effect of sanctions on Russia and on Europe, I think this particular piece from the BBC is highly relevant and also has the benefit of time away from our initial discussion to show a bit of a trend, don’t you think?
Should I at mozz again?
lmao let’s see the copes
Much easier to go from scrub weed to tree than to keep growing as a tree.
yeah, cause that’s totally a sensible comparison to make
It absolutely is, that’s why the article is using percentages and not dollar amounts
Going from $1 to $2 is a 100% increase but you’re still fucking broke afterwards, and the guy whose $1,000 only grew by 1% still made 10 times more money than you lol
Maybe instead of spending all their money murdering Ukrainians they should be trying to create a country where the leading cause of death for young men isn’t alcoholism
Going from $1 to $2 is a 100% increase but you’re still fucking broke afterwards, and the guy whose $1,000 only grew by 1% still made 10 times more money than you lol
This is, of course, why all economist measure economic health in pure dollar amounts and never consider rate of change because it can be misleading. Investment decisions are always based on raw dollar amounts, which is why everyone only invests in blue chip stocks, and only the top 3 at that, because rate of change is deceptive and irrelevant. When we talk of recessions and depressions, of course, we only discuss raw dollar values, which is why the USA has never had a recession because it’s GDP has been higher than every other country, and despite what those crazies say about the 1920s, the rate of change, while negative, didn’t reduce the USA’s total economic dollar value below other countries. You’re 100%, uhhh, I mean you have a quantity of correctness that is very very high, quantitatively higher than the correctness of others.
Maybe instead of spending all their money murdering Ukrainians
If they were doing this, then they’d have no money left over for anything else, and yet, that’s not actually what we see, is it?
they should be trying to create a country where the leading cause of death for young men isn’t alcoholism
They are, by ensuring the West can’t continue to dominate them economically like they did when the USSR was dismantled and USA economic shock therapy to liberalize the economy created the oligarchs and caused a decline in life expectancy so stark it was as bad as what the USA experienced during COVID.
Speaking of spending their money murdering people, maybe the USA should spend its money on health care instead of being the richest country in the world with the highest death toll from COVID despite spending billions on Operation Warpspeed in a foolish attempt to make vaccines faster. Why foolish? Because Cuba produced vaccines on the same timeline without all that money while under a brutal 60-year collective punishment regime.
Cool. They’re still broke lol.
Sucks to suck
Broke? In what sense? Russian debt to gdp ratio is like 15% and they have an export surplus.
I thought we were talking about Russia as opposed to Europe
Maybe invading Ukraine is how they’re trying to change the leading cause of death for young men.
come back when you learn the concept of purchasing power kiddo
Good point, now they can purchase more vodka and Iranian missiles that occasionally actually work lol
because producing war materials is propping up the economy in the short term. its a war economy but producing shit to blow up so too use up is not something that will be a benefit in the long term. sanctions is something that works over the long term and that need to be adjusted over time.
Also, when your economy is doing so poorly it’s easy to do better. When your economy is doing well, it’s more difficult to improve.
Mathematically, if I give a naked homeless person with no worldly possessions a sandwich, they have infinitely more wealth. It’s still just a sandwich though.
