When you ban your enemies from participating in neoliberalism and their economy improves as a result.
In my view this is the most profound outcome of the war. The west had positioned itself as the most successful economic bloc in the world that everyone aspired to. The economic war completely destroyed this image, and on top of it Russia showed that you can not only get by without the west, but actually thrive. As we see blocs form around G7 and BRICS, it's becoming increasingly clear which bloc has a more successful model.
So I'm not an economist or anything, but isn't it the case that in certain circumstances sanctions can actually strengthen a country's domestic economy because now regional businesses they don't have to compete as much with international firms domestically? I recall reading that somewhere once but I am a dumb dumb and don't remember where exactly.
That's correct, basically what happened was that the sanctions created a whole bunch of business niches domestically that started being filled. The west also made a brilliant move of going after all the Russian oligarchs forcing them to invest domestically, which amounted to the west doing capital controls for Russia. I'm guessing that the west thought they could strong arm China and India to join the sanctions regime, which would have done a lot more damage. Instead, what we're seeing is that a whole new economic bloc is now forming outside western financial sphere. This is going to be taught in the history books as the miscalculation that ended western hegemony.
Only if your country has energy and food self-sufficiency and has low external debt (especially not indebted in dollars and to IMF). Russia is quite unique in that it is one of the few countries in the world that fulfilled the above criteria.
Most Global South countries will have a lot of trouble importing fuel and food if they are ever cut off from accessing dollar, and if they cannot repay their debt in dollar, they’re going to have to default.
The article isn't that bullish.
https://www.bbc.com/news/business-68823399
The International Monetary Fund (IMF) expects Russia to grow 3.2% this year, significantly more than the UK, France and Germany.... Despite the Kremlin being sanctioned over its invasion of Ukraine, the IMF upgraded its January predictions for the Russian economy this year, and said while growth would be lower in 2025, it would be still be higher than previously expected at 1.8%.
That's after shrinking 2.1% in 2022.
It's not like you can say they're having an economic miracle on the strength of a meme/screenshot.
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I mean in the context of being completely cut off from trade with the west, it's impressive, and especially considering how western economies are doing as a result of the decoupling.
Money talks, bullshit walks.
Turns out all the neoliberal pontification in the world doesn't mean shit if the choice is between standing for something and continuing to buy cheap oil.
Something Russia accurately predicted 2 years ago.
My dad has transition to it being "scary" that Russia is a war economy now, instead of insistent they're going to implode any moment. Where do you think we live dad?
the world must be such a weird place for people who primarily get their views from mainstream media :)
military industrial complex go brrrrrr
Tbh they’re in a wartime economy rn and they’ve taken a massive hit.
"Tbh" (immediately spills bullshit)
The Russian economy may have taken an initial hit when the new sanctions hit, but they've since recovered fully and are clearly doing just fine without the US. Turns out all the people who said sanctions don't work, all they do is make it shittier for normal people living there were... yep, correct. As always. I'd like to think that after like 70 years of sanctions literally never working on an "adversary" (they did work on apartheid South Africa... the US' ally. Odd ally btw. Wonder why the US keeps allying with apartheid states? Incredibly odd.) that people would stop advocating for, at "best", starving normal people to death, but nope people are currently calling for more sanctions on Iran, another country that is getting by without the US and was recently directly instigated to war by Israel (but held back, thank god for Iranian restraint). Not as well as Russia, but still they remain. And we'll never stop punishing them for not just letting us rule their country via proxy. Same as Russia.
But you know, in a way I'm almost for more sanctions. Not because they work or because these people "deserve" punishment (pretty sick fucking philosophy most Americans seem to hold, btw, while they chomp down their cheeseburgers and send more bombs to explode children) but because if we sanction more and more and more countries eventually they're all just gonna be allied against the US. That's the problem from a US perspective that they can't seem to wrap their micro brains around. The US needs trade with the world and the world would like to trade with the US... but places and have and are able to get by without it. So keep self-isolating instead of doing actual diplomacy (start with removing the military and CIA from every country. Yes even ones "who ask us to be there." If believe that, please DM me your drug dealer's name. I wanna sample) and eventually when the US is totally isolated except probably Canadians who are cucked and probably western EU countries, although maybe not Germany, hard to say, maybe when the resources and commodities dry up or sky rocket in price, maybe those sanctions will finally work. Maybe the American people will finally "go out in the streets and demand change!" or whatever it is liberals are deluded into thinking.
Obviously NK, Cuba, and Iran are striving...
Anyway, sanctions work not if sanctioned countries struggle, but if they cave in to whatever the USA demands to lift them. Meaning you'd have to look at the countries who are not sanctioned to get an idea of how effective they are. Which is, admittedly, difficult to evaluate
lol wut?
Nope they just have a better economy than the fake ones in the west
America is in a perpetual wartime economy.
With onlimy 10% of western companies actually leaving Russia how do you expect sanctions to work
I mean they seem to be doing a good job destroying European economy.
