Continuing the war means the economy faces stagnation, while ending it would shut off the massive defense spending that's driven growth, Alexander Mertens writes.

Summary

Regardless of Putin’s decision regarding the war in Ukraine, Russia’s economy is facing a crisis due to factors such as sanctions, a shrinking sovereign wealth fund, and a labor shortage. The war has boosted growth, but Russia cannot sustain it without significant economic consequences.

  • catloaf@lemm.eeEnglish
    5·
    20 days ago

    You’d think they’d have learned from the cold war, but I guess not.

    • partial_accumen@lemmy.worldEnglish
      14·
      20 days ago

      You’d think they’d have learned from the cold war, but I guess not.

      Well, many parts of them have. Eastern Europe, formerly under Soviet conrol, is now firmly in market economies. Armenia has left the CSTO (Russia’s wish.com NATO), and Ukraine famously kicked out its Russia puppet leader. All of these were part of the Soviet Union or under their control before.

    • eran_morad@lemmy.worldEnglish
      7·
      20 days ago

      fuckwits don’t learn from history. putin has a vast wealth of real-world failure from which to draw lessons, such as the soviet occupation of afghanistan. but, no. he needed to stroke his pencil dick over some old maps of the Blyat Empire. and now russians have to join in the suffering they brought on their cousins.