Russia vs US economy
The amount of economic carnage Biden and von der Leyen expect their own citizens to endure is even more tragic when considering how much better Russia is faring during the war so far.
https://www.bloomberg.com/news/articles/2022-05-16/russia-current-account-surplus-surges-to-96-billion-on-energy
A miniscule group of military/industrial folks have been in charge of this effort the whole time; economists and the broader business community weren't consulted before sanctions and other escalatory measures were enacted. (1/_)
Russia vs US economy
@amikigu would be quite, ehm, ironic if this cutting out of imported goods helped boost russia's domestic industrial production both quantitatively and qualitatively so that in a few decades russia was the high-tech country to go
re: Russia vs US economy
@Stoori They're clearly not planning that far ahead, because they're betting it all on this moment. The US military complex is so monstrously corrupt tha, despite its massive budget, it's technology is falling behind compared to Russian and Chinese advances. The US military elite knows that the only way to maintain their position atop a corrupt society is to weaken other countries' capacities relative to theirs... (1/_)
