Posted on 09/24/2022 11:30:45 AM PDT by DannyTN
Five months into the Russian invasion of Ukraine, there remains a startling lack of understanding by many western policymakers and commentators of the economic dimensions of Putin’s invasion, and what it has meant for Russia’s economic positioning both domestically and globally.
A common narrative has emerged that this is a “war of economic attrition which is taking its toll on the west,” given the supposed “resilience” and even “prosperity” of the Russian economy.
These widely cited narratives are wrong. Far from being “ineffective” or “disappointing,” international sanctions and voluntary business retreats have exerted a crippling effect over Russia’s economy.
...
Looking ahead, there is no path out of economic oblivion for Russia as long as the allied countries remain unified in maintaining and increasing sanctions pressure against Russia, and The Kyiv School of Economics and McFaul-Yermak Working Group have led the way in proposing additional sanctions measures.
Defeatist headlines arguing that Russia’s economy has bounced back are simply not factual. The facts are that, by any metric and on any level, the Russian economy is reeling, and now is not the time to step on the brakes.
(Excerpt) Read more at som.yale.edu ...
Bkmk
In before cranking people
The BIG QUESTION is whether these Western ‘Experts’, you know the same ones that claimed the “Ruble was Rubble” will be HELD ACCOUNTABLE for their horrendous predictions regarding Russia’s economy.
The world economy is on the brink of a major recession.
Joe Biden and his green energy, brown shirt boys, are leading the world into the abyss.
Watch Putin squeeze Europe this winter. At least Russia will have fuel and heating oil...parts of rural Tennessee may not.
The sequel to "How Stella Got Her Groove Back":
History seems to show that there is a weird economic resiliency in response to wars. Events which would be expected to crush economies completely tend to transform the economies before pushing them to the point of collapse.
If the team of experts puts out a statement like "by any metric and on any level", their summary article should at least include some metrics and measurements, as opposed to mere generalities. Precious few statistics were given.
The most consequential metric I'd like to see would have to include the answer to this: Are the Russian people able to make ends meet? Some employment and wage stats would be helpful. Those are the factors on which the rise or fall of Russia ultimately depend.
Thanks so much. Those internal charts told me what I needed to know. I didn’t get employment/wage stats; but the 20% overall inflation, the 40-60% inflation on tech, autos, appliances, etc., and the 20% reduction in consumer spending all tell me that the living standard for ordinary Russians is becoming one of privation (relative to what they had before the invasion).
I know that Slavic people are longsuffering survivors; but still — with those stats, discontent must surely be boiling under the surface. One day it will come out. And the conscription tyranny just might bring it to the forefront.
Would be nice if Russia, China and Iran all had revolutions right now.
I think all 3 are very strong possibilities.
So many people now are so impatient. Give it some time.
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