Russia's Economy Is Doomed | Hacker News Reader

Russia's Economy Is Doomed

newstatesman.com

21 pointspaulpauper15 comments

Counterpoint: the only way to keep the standard of living increasing for the poorest Russians is war spending.

https://www.cbc.ca/news/world/russia-ruble-economy-putin-1.7...

… and that will be the indicator to watch. Otherwise, economic signals from the Russian people make central bank measures look Soviet, so there’s necessarily the question of collapse. But the average Russian appears willing to endure another 1998—-projecting that Putin will outlive the economy. The key will be: can Putin use his advantage with the people who control Trump to keep wild protectionist policies from depressing Asian demand for Russian oil?

> under the Putin regime a lack of property rights and the rule of law drive its innovators and entrepreneurs abroad

I imagine "property rights" means "property rights for all, not just for oligarchs" in the above. Similarly "rule of law".

Not even Oligarchs. Look at what is happening with Wild Berries. Russia is falling apart and dying and there is nothing anyone can do about it. It was never based on any kind of law and a mafia state. I predict it will be a repeat of 1998 where everyone will lose everything, savings, pensions, investments, etc. Afghanistan ushered in the fall of the USSR, Chechnya ushered in bankruptcy in 98 and the War they started in Ukraine will destroy the country entirely.

What a great time to be alive to watch an Empire of Evil and Murder destroyed.

> What a great time to be alive to watch an Empire of Evil and Murder destroyed.

"USSR Failure 2: Electric Boogaloo"

https://en.wikipedia.org/wiki/Dissolution_of_the_Soviet_Unio...

And a new generation of oligarchs will rise. Rinse and repeat.

This goes to my collection of pathetic "Russia is done with" stories.

I was going to say the combination of huge oil and gas resources combined with low debt makes it hard for it to be doomed. I mean the war is expensive and they may have to cut back but that doesn't really count as doomed.

Similar to your collection of USSR stories, I bet.

This is false logic. (a is true) does not ever lead to (b is true).

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