Russia’s economy is doomed

[AndreasHG]

A tumbling Ruble and a galloping inflation signal the state of difficulty in which the Russian 'war economy' finds itself. An article published on the New Statesman describes the difficulties that Putin is facing and the reasons why Trump himself could give him the final blow.

 

But the real reason for the current difficulties lies in choices made well before the invasion of Ukraine. 'Putin’s presidency has been little different from the Soviet era, in that he has made Russia a military giant but an economic dwarf. His gangster state has never been able to diversify; while the world buys Chinese cars and American software, the only thing we buy from Russia is oil, and the gradual turning away from hydrocarbons will eventually expose this as an appalling waste of a country’s potential.'

'Russia’s formidable levels of education and scientific prowess have been wasted, because under the Putin regime a lack of property rights and the rule of law drive its innovators and entrepreneurs abroad.'

 

Russia’s economy is doomed - New Statesman

 

Edited 4 hours ago by AndreasHG

[thaibeachlovers]

1 hour ago, AndreasHG said:

An article published on the New Statesman

Not an unbiased source then

[Jingthing]

Suggest watching the Inside Russia youtube channel.

There exiled Russian Konstantin (expert in economics and energy industry) has been predicting Russia's economic melt down for years now.

 

 

Edited 2 hours ago by Jingthing

[Yagoda]

They have been a third world country since the leftist criminals destroyed any chance of Russia coming the type of economic Powerhouse that it could have been under capitalism and they remain a third world country even though capitalism was given a shot.

 

Militarily they have nukes. They have not much else, they can't even beat the pathetic ukrainians, and the only reason they even beat the Germans in World War II was German stupidity. Their tactics are primitive, their soldiers are unsophisticated peasant morons led by political suck ups and their equipment doesn't work.

 

 

[Yagoda]

37 minutes ago, thaibeachlovers said:

Not an unbiased source then

I'm glad you recognize the leftist Press never tells the truth