You realize that in the article you sent me it said that the Russian economy is shrinking, right?
You realize that IMF and pretty much everyone else now says that it's growing, but I guess you just want to cling to your narrative by cherry picking a paragraph from an article that fits into what you believe.
And Russia is primarily a commodities exporter, however it does export a significant amount of manufactured goods as well
https://tradingeconomics.com/russia/exports
What's more though is that domestic factory activity in Russia is now growing which is the opposite of what's happening in Germany https://www.reuters.com/markets/europe/russian-factory-activity-expands-april-export-orders-pick-up-2023-05-02/
The thing you might forget is we don’t export population, we export actual manufactured goods, medicine, advanced electronics, aviation equipment, automotive, airbag sensors etc.
Yeah, and cheap energy from Russia was the reason Germany was able to produce these things competitively. Now, input costs for German manufacturing are surging leading to deindustrialization as companies move operations to cheaper energy markets. This is how capitalism works.
I’d argue the problems The West ™ is facing are mostly due to late stage capitalism rather than the sanctions against Russia. We can get our dinosaur products elsewhere.
Late stage capitalism is obviously the underlying reason why the west as a whole is failing. However, having a significant increase in energy costs is clearly a catalyst for the current disaster that Europe is experiencing. These things are in no way mutually exclusive. The economy was structured around cheap energy and doing a lot of trade with Russia and China. Now all of a sudden cheap energy from Russia is gone, and US is leaning on Europe to decouple from China. This is a huge economic readjustment that's happening rapidly. This is leading to companies closing down, jobs being lost, living expenses going up, and so on.
I’m looking forward to what the future might bring for all of us. Don’t forget we live on the same planet. And keep an open mind.
We do live on the same planet, and that's precisely why the west needs to start treating the rest of humanity on equal terms instead of trying to dominate the world. Western policies are directly responsible for the climate catastrophe, and western lifestyle continues to be one of the primary drivers of global emissions. Instead of focusing on this global disaster that affects us all, the west decided to fight a proxy war with Russia, and US is increasingly trying to provoke a conflict with China now. People living in the west really need to do some self reflection.
You realize that IMF and pretty much everyone else now says that it's growing, but I guess you just want to cling to your narrative by cherry picking a paragraph from an article that fits into what you believe.
And Russia is primarily a commodities exporter, however it does export a significant amount of manufactured goods as well https://tradingeconomics.com/russia/exports
What's more though is that domestic factory activity in Russia is now growing which is the opposite of what's happening in Germany https://www.reuters.com/markets/europe/russian-factory-activity-expands-april-export-orders-pick-up-2023-05-02/
Yeah, and cheap energy from Russia was the reason Germany was able to produce these things competitively. Now, input costs for German manufacturing are surging leading to deindustrialization as companies move operations to cheaper energy markets. This is how capitalism works.
Late stage capitalism is obviously the underlying reason why the west as a whole is failing. However, having a significant increase in energy costs is clearly a catalyst for the current disaster that Europe is experiencing. These things are in no way mutually exclusive. The economy was structured around cheap energy and doing a lot of trade with Russia and China. Now all of a sudden cheap energy from Russia is gone, and US is leaning on Europe to decouple from China. This is a huge economic readjustment that's happening rapidly. This is leading to companies closing down, jobs being lost, living expenses going up, and so on.
We do live on the same planet, and that's precisely why the west needs to start treating the rest of humanity on equal terms instead of trying to dominate the world. Western policies are directly responsible for the climate catastrophe, and western lifestyle continues to be one of the primary drivers of global emissions. Instead of focusing on this global disaster that affects us all, the west decided to fight a proxy war with Russia, and US is increasingly trying to provoke a conflict with China now. People living in the west really need to do some self reflection.