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On Mon, 25 Apr 2022 15:08:13 -0400, bitrex <user@example.net> wrote:
The Russians are better off under a corrupt kleptocracy than they were
under communism. The oligarchs realize that a reasonably free economy
creates more to steal.
The Chinese realized that too.
--
I yam what I yam - Popeye
On 4/25/2022 10:20 AM, jlarkin@highlandsniptechnology.com wrote:
\"The worst appears yet to come from Putins confusion of Russia, which
had a GDP the size of Texas before the war, with the former Russian Empire
from 100 years ago. As has been noted, even before the invasion, Russias
economic capabilities were hardly capable of sustaining an empire. Now,
with
foreign sanctions presiding over a plummeting Russian ruble, Russias
economic
standing has fallen further still. If measured at todays exchange rates,
Russias economy would be the 22nd largest in the world, with a gross
domestic
product (GDP) not much larger than the state of Ohios. How do you say
Mississippi, here we come! in Russian?\"
And we know EVERYONE aspires to emulate Mississippi! Even Alabama!
Yes, Russia was only capable of sustaining the lifestyles of the
Chicago-school economists and fat oligarchs they enabled in looting the
country after the fall of the Soviet Union.
That market capitalism would\'ve been able to provide an American-style
comfortable existence for all it citizens was a joke going in and they
knew it, it was simply a pillaging exercise.
Russia was making progress until lately.
https://www.statista.com/statistics/263777/gross-domestic-product-gdp-per-capita-in-russia/
although they still have about 1/4 the per-capita GDP of Alabama.
Even Putin seems to have been at least momentarily surprised that his
advisors and \"friends\" were robbing him blind to line their pickets &
telling him what he wanted to hear most of the time. \"Oh yes comra...er,
Mr. President, we use money make very good tank force! Best in world, of
course. We take much care to eliminate all corruption in procurement
process.\"
The Russians are better off under a corrupt kleptocracy than they were
under communism. The oligarchs realize that a reasonably free economy
creates more to steal.
The Chinese realized that too.
--
I yam what I yam - Popeye