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this post was submitted on 28 Feb 2024
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Absolute copium. Incredible.
The idea that economic effects compound over time isn't copium, though.
If you lose 1 or 2% of your expected economic growth in a year, it's not too bad. Over the course of 10, 15, 20, 30 years, though? That's a lot of lost money that's going to cause quite a few systemic problems.
But if your point is that not enough economic damage has been caused to Russia, then on that I agree. Fuck any company still trading with them. The EU is the world's largest single market, they have clout, it's about time they start using it more.
More importantly if you lose the ability to buy something for a month that isn't so bad since most things you bought before will probably last another month, but if you lose it for two years we have a different story.