Indeed. What better way of creating wealth than building a tank, then getting it burned down on a field?The main reason is military Keynesianism kinda works,
![Face with rolling eyes :rolling_eyes: 🙄](https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f644.png)
Indeed. What better way of creating wealth than building a tank, then getting it burned down on a field?The main reason is military Keynesianism kinda works,
The data seems to indicate this "degradation" is extremely relative.
April 3. Russian military "almost completely reconstituted," U.S. official says
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Russian military ‘almost completely reconstituted,’ US official says
The assessment from Deputy Secretary of State Kurt Campbell appears to contradict that of the Pentagon and U.S. allies.www.defensenews.com
April 16. Russia to grow faster than all advanced economies says IMF
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Russia to grow faster than all advanced economies says IMF
The IMF estimates Russia's economy will grow faster than the likes of the US, UK and Germany this year.www.bbc.com
May 11. Why is the Russian economy booming despite sanctions?
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Why is Russia's economy booming despite sanctions?
Russians are spending more on restaurants, white goods, and even property – they have never had it so good.www.spectator.co.uk
May 21. "They've grown back:" How Russia surprise the West and rebuilt its force.
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‘They’ve grown back’: How Russia surprised the West and rebuilt its force
If the Kremlin keeps rebuilding its military faster than expected, it could present a longer-term and perhaps costlier problem for NATO.www.defensenews.com
June 10. Russia's economy is booming.
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Russia's economy is booming
Russia’s economy is booming. In the first quarter, Russian GDP grew by 5.4%, higher than in the fourth quarter of last year, albeit boosted by an ...www.intellinews.com
Russia’s economy is booming. In the first quarter, Russian GDP grew by 5.4%, higher than in the fourth quarter of last year, albeit boosted by an extra day in February. The economy is on course to expand by over 3% this year or more, ahead of expectations.The growth has gone beyond the military Keynesian boost Russia enjoyed in the first year of the war in Ukraine due to the torrent of military spending. A number of factors have come together to put the wind at the economy’s back as the changes in the economic growth become structural.On the plus side of the balance sheet is higher than expected oil and gas revenues, as the West oil price sanctions have largely failed. Russia has also managed to almost entirely dodge the technology sanctions, with technology imports in 2023 only 2% less than a year earlier. Russian companies rallied to the challenge of sanctions and have been investing heavily in retooling their production lines to deal with the difficulties of obtaining Western inputs. Investments in fixed capital in Russia moved up by 14.5% year on year in the first quarter of 2024, RosStat recently reported to RUB5.93 trillion ($66.2bn) over the reported period. Fixed capital investments as of 2023 year-end gained 9.8% y/y and amounted to more than RUB34.04 trillion ($379.6bn).The growth in industry shows up in Russia’s PMI manufacturing index, which was 54.4 in May, far ahead of the 50 no-change benchmark and one of the strongest expansions in Europe.
At the same time, the labour shortage – unemployment fell to a fresh all-time low of 2.6% in April – has driven nominal wages up about twice as fast as inflation (7.8% in April), which has seen real wages rise strongly for the first time in a decade and is fuelling a consumption boom. S&P Global reports that job creation in Russia in May was at its highest level in 26 years.
And a clever line proves nothing – Voltaire.Sometimes from one thing flows all others.
Who's balancing the budget? Most of the major western countries have just run up deficits. Sure, they're supposed to run them down occasionally, when things are good, but experience shows most don't. They just take on a bit less debt for a while.The main reason is military Keynesianism kinda works, definitely better than the primitive balanced-budget religion that rules the imaginations of people in the West.
I've been told Russia is incompetent, has horrific casualties and unable to take Donbass, let alone whole Ukraine.this is a warning than Russia does not plan for peace and won't stop at Ukraine.
If they are or not, their competence in Ukraine has little bearing on it.I've been told Russia is incompetent, has horrific casualties and unable to take Donbass, let alone whole Ukraine.
Now, all of a sudden, Russia allegedly planning to attack EU/NATO after Ukraine's defeat.
True or false, losing armour is a blow to military strength?And the Russian tanks are obsolete and useless,
but their loss is somehow a disaster to Russia.
I've been told Russia is incompetent, has horrific casualties and unable to take Donbass, let alone whole Ukraine.
Now, all of a sudden, Russia allegedly planning to attack EU/NATO after Ukraine's defeat.
We have been told NATO won't expand to the East.I have been told the Russian army wouldn’t invade Ukraine.
Indeed. What better way of creating wealth than building a tank, then getting it burned down on a field?![]()
Who's balancing the budget? Most of the major western countries have just run up deficits. Sure, they're supposed to run them down occasionally, when things are good, but experience shows most don't. They just take on a bit less debt for a while.
Clearly by people who know nothing of such things.We have been told NATO won't expand to the East.
At this point Russia expanding to the West seems far more likely.Let me tell you, it will expand even further to the East.
Only as in: You have been telling yourself that.We have been told NATO won't expand to the East.
Russia keeps escalating. Everyone else is just responding.I've been told Russia is incompetent, has horrific casualties and unable to take Donbass, let alone whole Ukraine.
Now, all of a sudden, Russia allegedly planning to attack EU/NATO after Ukraine's defeat.
So we agree on that.Your use of the word "supposed" proves my point...read what I wrote again. I didn't say the west always runs balanced budgets (in fact this is quite rare), I said most people in the West believe the government should run a balanced budget under 'normal' economic circumstances. This is because most people (including most trained economists!) do not understand the true relationship between government spending and the economy.
This is all nonsense.Until it doesn't. Germans also tried that strategy.
The numbers provided also cone from Russian government.
On paper the Russian army is fine until you look at what equipment they're using.
If this was USA by comparison Kyiv would gave fallen in a week or so.
The summer offense was Kharkiv. And a failure. Ukraine might lose but outnumbered 3-1 popukation wise and 10-1 in resources tends to do that.
More satellite photos of ex Soviet stockpiles. Almost 100% out.
This is all nonsense.
Source?