Quote (ferdia @ Sep 8 2022 10:39am)
Djunior I hear what you are saying but to my mind:
1. Russia has been successfully isolated by the western world. There is no sign of a reverse of the situation for years to come (and I do not expect one).
2. Russia really does not produce great products and they will also be prevented from importing certain technologies.
3. Alot of western countries companies simply will not, either via sanctions or otherwise, return to Russia for years.
Therefore, opportunities in russia will naturally constrict, the cost of living will go up there (as it has everywhere else) and russia will experience the same hardships as everyone else (if not worse) when an economy is in decline. They will persist however. being a country of such scale they dont have to trade / deal with everyone. it helps, but they will carry on, with difficulty, without.
Now, in terms of western countries, and the financial toll this has and will continue to have, my view is that this will, for now, have little or no bearing, the poor will remain poor or go below the breadline and the rich will still be rich.
so really, no change.
russia has been isolated from the west, but not the world and the significance of the west goes down every day
major players are on russias side, china (of course china does not really have friends, but they are close as is), india is team russia, brazil has flipped from the US to russia, south africa gave the german chancellor the middle finger when he visited, japan made a fresh deal with russia for gas
most of the rest are just whatever and dont really care
and ALL developing countries know who to thank for extreme food and energy costs, the west clearly lost a lot of support there as well
putin can just swoop in and offer cheap energy directly from russia, yikes
the countries i named have become too big to get bullied like they used to in the past and they are quickly catching up in tech
i mean especially china and india already have most of the production, in the near future they can replace western tech on their own, china is already a tech leader in some fields
the world is moving on and the west refuses to realise that
Quote (Goomshill @ Sep 8 2022 09:51am)
We've seen enough to know that Russia is not only "not fucked", but whatever economic damage they've suffered so far is far less than what the US and EU have gone through.
Russia's petroeconomy is still chugging along on energy exports, while the US and EU have faced an energy crisis and high inflation and every sign is we're plunging into a far worse winter.
Pretending that NATO is winning this geopolitical struggle doesn't change the fact we're losing this geopolitical struggle.
russia is earning more on what little they still export to europe compared to the full amount before the war

its a double win, sell less, still make more cash
This post was edited by JohnnyMcCoy on Sep 8 2022 04:25am