Sanctions have been a blessing for Russia and China. Seems like they just make massive economies more self-sustaining and global south-oriented.
this post was submitted on 16 Apr 2024
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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
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
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.