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Wow! Even Russian Newspapers are reporting that their economy is in a bad way & that GDP could fall by 2% this year...

i mean, that's clearly what a lot of right wing politicians everywhere want to happen but uh... i think people aren't going to wait that long and instead switch to solar and EV

He has a thing with only two unescapable options, apparently. This binary focus is seldom a good thing and shows a lack of creative thinking.

damn why is this thread so broken?

"ruthless, mechanical precision"

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The Russian military's "ruthless, mechanical precision" had me chuckling, in a bleak way.

9/ The 'hitler' stuff makes me really angry, because as always it positions the real problem not as the bad people doing bad things, but as the tone and linguistic choices of those condemning them. It's the "sure misogyny is bad, but feminists are so LOUD" of geopolotics. Fuck off Yanis.

Exactly. Russia’s net oil export capability is almost completely destroyed on various fronts. Russia is even importing refined products because Ukraine has managed to destroy so much of Russia’s refining capabilities. And China is flooding the globe with a cheap alternative to oil.

Also, Saudi Arabia seem newly motivated to punish Russia for its support of Iran. Which it can do via oil and gas prices.

Unless the EU fails to get the €90 billion loan approved

Absolutely. This is not a left-right thing. He is more incongruous because his behaviours are at odds with his espoused values.

saw him in london recently. loves the sound of his own voice and is so obviously riffing on the room. his volte face on Milei was truly spectacular.

Same festival. Varoufakis had patronised your colleague in John Clere's. That panel was about how countries get rich. Your colleague was explaining how Deng's reformed allowed Chinese people to do what they are good at - entrepreneurship. Varoufakis then wades in, talks over her and wangs on..(1/2)

That much was crystal clear with his stupid little Paris Match photoshoot. Not to pat myself on the back, but I correctly appraised him as a self-promoting idiot as soon as he appeared.

"Military Keynesianism" is when you pay people to dig useless holes, except this time the vatniks stay in the holes forever

I heard some intel on these econ benefits of war machine: apparently the gov stimulus was front-loaded with 90% of payments to companies to produce for military up front with 10% on contract completion: hence juiced economy early in war and no sustained boom.

Does he think that literally all military spending in Ukraine is going to buying weapons from the US and other NATO countries? That seems bizarre and out of touch with reality although I guess that fits with the rest of his essay. Also, what is a left-winger doing writing for Unheard?!?

Yanis has always been a supremely arrogant idiot.

So he thinks military Keynesianism is boosting Russia‘s economy, but not Ukraine‘s? Hmm. Hmmmmmm.