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Russia's economic growth shows Western sanctions very effective - for Russia itself (www.marketscreener.com)
submitted 9 months ago* (last edited 9 months ago) by salvador@lemmy.world to c/worldnews@sh.itjust.works
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[-] jeffhykin@lemm.ee 1 points 9 months ago* (last edited 9 months ago)

I find it really funny how people think economic growth is just this magical thing that can happen. Not just Russia but everywhere.

Either citizens get better at making food/water/housing/heating/medicine/etc or they don't. There's no way to print money, or shift funds, or "create jobs" that somehow avoids those things AND helps the economy. Even jobs like Netflix, or the military don't contribute because they don't (at least not usually) help farmers make food or help build housing, etc.

If, other things staying equal, a sizable amount of the population is, let's say, locked inside their own home, or maybe at war destroying resources instead of producing them, then there is NO WAY to escape the economic loss.

However, there are ✨lots of ways to try and lie about it with bad metrics and poorly done statistics.✨

this post was submitted on 04 Dec 2023
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