this post was submitted on 24 Feb 2025
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[–] [email protected] 24 points 1 day ago (1 children)

What's the base interest rate in russia again?

Oh, that's right. 21%pa

Very healthy. much strong.

[–] [email protected] 6 points 1 day ago (1 children)

At a minimum we can say that Russia has transitioned pretty well into a war economy. It is an economic transition that is going very nice for the working class. For a long time OSINT has shown nearly depleted reserves of equipment, but they have gone very light infantry. I think it is concerning they might eek out a pyrrhic victory. It is hard to say how much longer they can stretch what is left.

[–] [email protected] 5 points 19 hours ago (1 children)

It is an economic transition that is going very nice for the working class

Yeah, must be real nice just lying in a field in ukraine pushing up sunflowers

[–] [email protected] 1 points 13 hours ago (1 children)

I know what you mean, but the soldiers they recruit are so poor they are seeing real economic benefit for themselves and their families; more over, working class wages have grown past inflation giving them a real wage increase. Ironically the biggest losers are the oligarchs.

[–] [email protected] 1 points 13 hours ago* (last edited 13 hours ago) (1 children)

Yes, that's actually pretty typical of warfare under the original feudalism, too. The rich hoard their wealth, until they're gone and their palaces can be looted, or they need to bribe a mass of peasants to save their ass. Then you get redistribution.

I'm not really sure I'd call a short-term, unsustainable cash injection at the cost of actual infrastructure and development "good for the working class", though. If Russia becomes the next Venezuela or even Somalia they might end up with bigger problems than no Lada.

[–] [email protected] 1 points 8 hours ago

It is good for the working class in Russia and by Russian standards. These economic analysis tell us that all else equal we cannot expect Russian civil disobedience at this stage. Ironically it does mean a palace coup is more likely due to the brunt being held by Oligarchs. As for long term benefits? Hard to say, but people live today not tomorrow. Today the Russian working class is going to eat better than yesterday.