https://nitter.net/RichardHanania/status/1672631878770368513

Old gem:

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  • BynarsAreOk [none/use name]
    ·
    edit-2
    1 year ago

    I'll be generous and give 1/10 for at least getting the first half of the first paragraph right. Russian capitalism was not working and if you remember many posts from good old @granit you'll remember things are only changing now because of the necessary restructuring for the war economy.

    The Russian leadership was forced to change not out of good will or anything, but because there was no other alternative and while they are not moving to socialism or even Chinese economic model they're nevertheless distancing from western neoliberalism, Russian Ministry of Finance BS handling of inflation notwithstanding.

    You may call the forced divorce/decoupling or whatever between Russian and western economies a pretty big blessing in disguise.

    Historically low unemployment, de-dolarization, even stronger economic ties with other emerging countries, OPEC+ reigns supreme etc, I see very few downsides since 2022. None of this would've been achieved given the pre-war status quo.