After Russia reverts to centrally planned and state driven economy, all of a sudden economic growth in Russia is beating the west.
Boost to Putin as IMF upgrades Russian economy
if France gets a GDP boost by cranking their military budget into their state arms companies i don't think anybody would call that central planning. has Russia really reorganized their economy?
During the first world war imperialist countries used a centrally planned economy, while still remaining bourgeois dictatorships.
This is not a dunk on capitalism, only yet another proof that "free market" is objectively utter bullshit because even capitalists know
Military spending is still a small part of overall GDP in Russia, so the claim that Russian economy is recovering due to cranking up of their military budget doesn't make sense. A far more sound explanation is that decoupling from the west created economic niches that are now being filled domestically. And I think it is fair to say that Russian economy has been reorganized in the past two years with state owned enterprise such as Rostec taking a much more prominent role.
Probably in no means comparable to that of the Soviet Union, but the damage done to the oligarchs' wealth and influence (who no one liked anyways for obvious reasons, who had been a serious hurdle for the Russian state to deal with, and who had ironically been pretty pro-western or west-compromised) is something incredibly positive to consider- as is the exodus of western corporations, leaving their assets to be bought up on the cheap and their roles to be filled by local or Chinese brands, and the newfound push back to self-sufficiency in many fields.
Any one of these three aspects alone would be more than enough to call it a serious reorganizing (though not one remotely as drastic as returning to communism, sadly), economically, and politically.
Russia is probably not returning to communism anytime soon, but it's headed in incredibly decent places if you ask me (other than the issues of conservative politics, but they're not headed into fascism either unlike much of the west, and they remain non-imperialist). And if you ask me- it's not the best case scenario, sure, but it's an exceedingly good thing for Russia and the wider world.
Looks like the US is remaking the Soviet Union. Thought that's what Putin was supposed to be doing.
Capitalism has winners and losers and the winners don't like competition. This leads to monopoly. The real questions is if the monopoly meets the needs of the people and have a way for the people to fight those in power with the excesses.
Every stable economies are Keynesian
Every failed economies are called Free Market
I see Russia is again trying what failed in the past.
You are either ignorant of history or you have a different definition of what constitutes failure than normal people. State directed economies have been objectively the most successful model in human history for rapidly and as widely as possible improving material conditions.
What has failed in the past and continues to fail is actually the liberal economic model.
You're right. They will never convince the west to shed their liberal brainworms.
Failure is when your economy gets better. In the past, failure is when you go from a feudal backwater to a spacefaring superpower in the span of a single human lifetime. If only they could be economically successful, like Britain or America.
I mean, if everything else has failed, you might as well check any other alternatives you've relied upon...
beat the USA in the space race
"failed"
utterly delusional
Since when is Russian economy "centrally planned"? Do we have a different definition of it?
My understanding is that state owned enterprise has become very dominant in Russia after the start of the war, and a lot of private business is now being state directed. So, I think it's fair to say that the commanding heights of the economy are largely under state control now.
That's not based on the article is it? The article seems to attribute growth primarily to the war economy.