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this post was submitted on 16 Nov 2024
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The sanctions applied by the west have been the best thing that could have happened to the Russian economy in decades. Their import substitution policy accelerated and even after the war they will now have competitive industries that wouldn't have been considered economically viable had Russia continued to buy cheaper goods from the west. I sometimes think the continuation of the war is collusion by the US and Russia to keep both of their economies doing great at the expense of Europe, who are too busy with their hubris to realise they're getting screwed here.
i wonder how much of that economic progress will remain after the ukranian war.
It turns out actually making things is an important part of the economy and i don't think their increasing manufacturing capacity is going anywhere. And if the sanctions end it's even easier to keep making oil money
The Russian ruling class would need to disabuse themselves of neoliberal dogmas
in that case: i wonder how much "soviet union" is still lives in russia and whether or not there's enough to keep the economic progress from vanishing.