Konstantin Samoilov - @INSIDERUSSIA - Economic Tsunami Threatens Russia’s Ability to Sustain the War
Production in the military-industrial complex is squeezing money out of the civilian economy. How much longer can Putin keep burning money, resources and people on a project that is neither creating sustainable wealth for citizens, nor substantial successes in Ukraine.
Russia’s economic growth relies heavily on state-funded arms and ammunition production and masks a multitude of problems, including poor living standards and rampant inflation. Vladimir Putin claims the economy is developing, and will continue to flourish. He claims Russia can transition away from the West amid sanctions imposed over the Ukraine war, but reality may be far more messy and painful.
Russia-based economists say the economy is showing signs of overheating as Moscow ploughs on with what it calls the “special military operation“, and that for all the current optimism, stagnation or recession now looms. “If a defence company builds a missile or a shell, they explode somewhere and GDP grows,“ said economist Sergei Khestanov. “But the civilian economy receives very little benefit from this process.“ Russia is pumping the economy with one-time, unproductive investments that yield limited future benefit.
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Welcome to our monthly conversation with Konstantin, who is one of the most respected voices on YouTube about what is happening Inside Russia. Konstantin Samoilov is a well-known YouTuber whose channel ‘Inside Russia’ comments insightfully on Russia’s decent into authoritarianism over the last few years. But now, like many others, he’s outside Russia, with no idea of when he can return there.
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OTHER VIDEOS WITH KONSTANTIN ON SILICON CURTAIN:
(29-Jan-2024)
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