Russia has nearly twice the land mass and far more of many types of natural resources than the United States. They do not actually need the rest of the world... they are self-sufficient despite their awful political system.
Let's try to look at the facts.
6.602 million square miles - Russia
3.797 million sq mi - United States.
758,449 sq mi - Mexico
Russian GNP 4.036 trillion PPP dollars
144.1 million (2020) population
$61.7 billion in military spending
National Debt $410.28 billion U.S. dollars.
USA GNP 21.69 trillion PPP dollars (2019)
329.5 million (2020) population
The United States — $778 billion in military spending
National Debt - $28.43 Trillion + $162 Trillion in unfunded liabilities
Mexican GNP 2.343 trillion PPP dollars (2020)
128.9 million (2020) population
Mexico - 7.77 billion in military spending
National Debt - $746 billion
Because of greater gross domestic product and lower “income inequality” in Russia the average Russian makes more than twice what the average Mexican does. Military spending by the Russian government for their Ukrainian misadventure has been a fraction of the increase in funds provided by the huge increase in what they are being paid for their exports.
Your assertion that the “Russian economy is past and sinking” is laughable at best. Russia is a leading oil and gas exporter, leading fertilizer exporter, and a leading food exporter. Their national debt is $410 billion. Our National debt if you include “unfunded liabilities” which is money already promised is $190 trillion which is nearly 500 times as much. If you divide their National Debt by their population their national debt comes to $2,847 per Russian. Our true National Debt of $190 Trillion divided by our population comes to $576,631 per American. We are the ones who are being led to oblivion by our government and the Federal Reserve.
But does Russia have the third world masses trying to invade their borders to enjoy a better life. Obviously not. Because of their government probably the majority of Russians and nearly everyone from other places would choose to live nearly anywhere else in the world. We win that competition but both Russia and the US have made their beds and will have to face the consequences. When the debts come due, the equation may change.
Any reason that you used PPP over GDP? What was the source of your PPP estimates? There many different PPP calculations,the IMF shows Mexico not all that far behind Russia and China ahead of USA by ~10% and ahead of Russia by ~680% (~ 7x !!!) https://t.ly/Fw4W
A Piketty follower? You know he repositioned after some “errors” were shown? https://www.cato.org/policy-report/july/august-2015/how-piketty-misses-point
If you are fluffing Putin use the Big Mac index. https://www.statista.com/statistics/274326/big-mac-index-global-prices-for-a-big-mac/
If you want it on the level, Truman’s one-armed economist is the only way. https://www.economist.com/buttonwoods-notebook/2010/06/07/one-armed-economists
—”Because of greater gross domestic product and lower “income inequality” in Russia the average Russian makes more than twice what the average Mexican does.”
PLS show your work and source/date.
The Gross Domestic Product per capita in Mexico was last recorded at 20036.46 US dollars in 2021, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Mexico, when adjusted by Purchasing Power Parity is equivalent to 113 percent of the world’s average. source: World Bank https://t.ly/30Zv
The Gross Domestic Product per capita in Russia was last recorded at 32803.36 US dollars in 2021, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Russia, when adjusted by Purchasing Power Parity is equivalent to 185 percent of the world’s average. source: World Bank https://t.ly/d296
Different yes, and you can root around and possibly find something closer to your 200% of Mexico assertion. But unlikely to be approved by the legendary one-armed econ master.
—”Military spending by the Russian government for their Ukrainian misadventure has been a fraction of the increase in funds provided by the huge increase in what they are being paid for their exports.”
Fractions come in many sizes. 10/1 (ten over one) is a fraction and that may be the case.
Have a look at extraction cost .
Yes for Jed Clampett, “ And up through the ground come a bubbling crude”, Russia not so much.
Their extraction cost are not even close to low, and transportation is also not cheap for most of their wells. Now selling at a deep discount and additional ocean transport charges.
“The cost of producing a single barrel of Brent crude oil came in at around $42 for Russian onshore projects, and $44 for offshore projects, IHS Markit estimated. That was more than twice the $17 per barrel production costs in Saudi Arabia — the cheapest in the world.” https://t.ly/6Czx
—”Their national debt is $410 billion. Our National debt if you include “unfunded liabilities” which is money already promised is $190 trillion”
Sadly true and worse still, the brandon plan is to inflate his way out of it; repaying past debt with inflated dollars. SUCH A DEAL....NB: That move will take about a generation.
—”But does Russia have the third world masses trying to invade their borders to enjoy a better life. Obviously not. “
Much can be determined by observing if the people are attempting to enter the county or exit... We agree.