• queermunist she/her@lemmy.ml
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      4 months ago

      Look at Russia’s economic growth in spite of the sanctions.

      There’s a world economy outside US control and it is only growing. Where do you think the inflation is coming from?

      • noride@lemm.ee
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        4 months ago

        That’s the thing about a war time economy, you produce one tank, and BOOM you’ve added $3.5MM to your GDP. A single SU-35? About 16MM added to GDP.

        You can’t eat tanks and jets though, the labor and resources used to maintain a war footing are vast, and must be poached from other areas of the economy. The longer you maintain this posture, the more dramatic the contraction.

        Gazprom posted a loss for the first time in decades. They sell one of the most profitable substances ever discovered by man and they still couldn’t turn a profit… despite how little the sanctions are impacting them, no less!

        • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
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          4 months ago

          The military industry is around 6% of Russian economy, it’s not a war time economy LMFAO. By contrast, by the end of WW2, around 40% of US economy was devoted to the military. That’s what an actual war time economy looks like. It’s absolutely hilarious how people just keep parroting this nonsense without thinking about it even for a second.

          The main reason for such rapid growth of Russian economy is due to the fact that decoupling from the west created a lot of economic niches to be filled. Meanwhile, the west effectively doing capital controls for Russia forced the oligarchs to invest their money domestically.

      • Valmond@lemmy.world
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        4 months ago

        Russia is in for a harsh wakeup when the Ukrainian war ends (or in 2026 if the war is still ongoing IMO). Their economy is “looking good” right now only because it has been switched to a war economy, and the Kremlin injects tons of cash in it, but lots of it isn’t useful for the russians, it’s just getting destroyed in the war.

        Also the ruble is close to a dead currency, nobody wants to trade in it any more.

      • JohnDClay@sh.itjust.works
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        4 months ago

        Turning tanks in a storage base into tanks destroyed in Ukraine is not economic growth, dispite what gdp would indicate.