• Russia’s economy, boosted by military activity, is now classified as high-income by the World Bank.
  • Russia’s GDP grew 3.6% in 2023, with trade and financial sectors rebounding.
  • The World Bank also upgraded Bulgaria and Palau, while the West Bank and Gaza were downgraded.
  • realitista@lemm.ee
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    2 days ago

    Sure, you can create a lot of economic activity by building a lot of stuff and blowing it up, but in the end all you get is still a bunch of rubble. Pouring most of your economy into building rubble generally doesn’t end well.

    • Tryptaminev@lemm.ee
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      2 days ago

      If it is rubble in other countries and you get to extract the ressources from under it, it might work out unfortunately.

      Given how we still go full steam ahead into the climate catastrophe, wars will be back on the day to day schedule also in Europe. And each country has their own version of the MIC making big big bank with it, while the world burns.

      Heck if you look at Germany, some of the worst nazi supporting companies became global conglomerates and the families behind them are more obscenely rich than ever before. So even turning your own country into rubble is a perfectly working strategy under capitalism.

      • realitista@lemm.ee
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        2 days ago

        I have seen analysis of this on modern wars and essentially none in the 19th or 20th centuries have produced positive ROI’s. It worked when power was so asymetrical that the great powers could easily conquer giant territories, but those days are long gone, as we can see in Ukraine.

        • Tryptaminev@lemm.ee
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          2 days ago

          Positive ROI for the country or for individual actors in the country? Because talking utility, wealth or wellbeing on a state level there is a lot of things, done terribly uneconomically. But the obscene wealth of the few is the detriment of the many.

          • realitista@lemm.ee
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            2 days ago

            It’s a good point. Someone profits I’m sure, even if it’s negative for the country as a whole.

  • Varyk@sh.itjust.works
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    3 days ago

    Ukraine’s real gdp grew 5.3% in 2023, so they’re beating Russia there, too.

  • RubberDuck@lemmy.world
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    3 days ago

    These the guys that use the economic figures Russia puts out?

    Russia does seem to have some savvy economic decision makers that are able to keep the ship balanced in the shit hurricane they are actively being steered into. I really wonder when they run out of cash to do that.

    • barsoap@lemm.ee
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      3 days ago

      Soviet-trained planners, actually. The problem was always the system they had to work in and not their understanding or training. Imagine what they could do if they were allowed to a) not waste endless time on pointlessly micromanaging paper clip production and b) had an actual and proper mandate to get rid of corruption and clientelism. Which is ultimately what broke the USSR’s neck, not the micromanaging that was just a ball and chain.

        • barsoap@lemm.ee
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          3 days ago

          Oh I’m not advocating a planned economy though Russia’s overall problems with corruption run deeper than any system.

          What I’m saying is that if you’d put those planners in charge of France’s dirigisme France would probably make a modest leap ahead.

  • slaacaa@lemmy.world
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    3 days ago

    Great, let’s help Russia with more sanctions for an even better GDP growth

  • Flying Squid@lemmy.worldM
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    3 days ago

    And no matter how many times this story is posted, the truth is still that they’ve reached their peak and they have nowhere to go but down.

    • Allero@lemmy.today
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      2 days ago

      Which was, however, said since the very beginning of the war.

      Don’t get me wrong, Russia is making a grave for itself rn, but I doubt it will suddenly shatter. There is potential for growth, though it will be hampered given the ways Russia currently manipulates its economy.