(VOVWORLD) - Countries of the BRICS economic bloc are currently working on the launch of a financial system that will be independent of the dominance of third parties, according to Russian Ambassador to China Igor Morgulov.
Again, even if you inflate it to 10%, that’s very clearly not a war economy. 90% of the economy isn’t oriented towards the war, and the war has practically no impact on day to day lives of the vast majority of the people.
It’s oriented towards the war, but it’s not a total war economy yet because the population wouldn’t tolerate it. It’s similar to the US at war in Vietnam, spending only got up to 8% to 10% of gdp.
Most of US economy isn’t productive manufacturing output, it’s stuff like service industry, software shops, financial economy, etc. Some of it, such as the health insurance industry, is actively harmful to society. There’s a great article explaining how US lost most of its productive economy at this point.
Industrial output in US accounts for something like 15% of the overall economy, and steel production levels are comparable to Russia. That’s a pretty good proxy for the size of industry in a country. So, when you compare US military spending to the productive economy in the country, then it’s a very high percentage of the industrial GDP.
Also, the article you linked counts all the military adjacent economy to get to the 10% number, US military spending would also look a lot higher if we did that. US defense spending is currently well over $1 trillion a year.
Russia is obviously growing into new war unrelated sectors because the military industry accounts for only 6% of Russian GDP. Plenty of economic niches have been opened up by decoupling from the west, and many of those are being filled by domestic businesses. That’s where majority of the growth is coming from.
Manufacturing, food production, research, tech, you name it. Meanwhile, I’ll reiterate my advice that I gave you last time. Go back through the channels you watch, look at their past predictions, and compare how they hold up today. If a lot of what they say turns out to be bullshit, as is the case with this channel, then maybe find a more reliable source. You seem to be a real sucker for these propaganda channels. Weren’t you peddling Perun last time?
Russia—moved from the upper-middle-income to the high-income category:
Economic activity in Russia was influenced by a large increase in military related activity in 2023, while growth was also boosted by a rebound in trade (+6.8%), the financial sector (+8.7%), and construction (+6.6%). These factors led to increases in both real (3.6%) and nominal (10.9%) GDP, and Russia’s Atlas GNI per capita grew by 11.2%.
Turning tanks in a storage base into tanks destroyed in Ukraine is not economic growth, dispite what gdp would indicate.
Go read up on the percentage of the Russian GDP spent on the military then delete your comment. 😂
About 10% of gdp vs 3 to 4% pre war?
https://www.wilsoncenter.org/blog-post/russias-unprecedented-war-budget-explained
Again, even if you inflate it to 10%, that’s very clearly not a war economy. 90% of the economy isn’t oriented towards the war, and the war has practically no impact on day to day lives of the vast majority of the people.
It’s oriented towards the war, but it’s not a total war economy yet because the population wouldn’t tolerate it. It’s similar to the US at war in Vietnam, spending only got up to 8% to 10% of gdp.
Most of US economy isn’t productive manufacturing output, it’s stuff like service industry, software shops, financial economy, etc. Some of it, such as the health insurance industry, is actively harmful to society. There’s a great article explaining how US lost most of its productive economy at this point.
https://americanaffairsjournal.org/2021/08/the-value-of-nothing-capital-versus-growth/
Industrial output in US accounts for something like 15% of the overall economy, and steel production levels are comparable to Russia. That’s a pretty good proxy for the size of industry in a country. So, when you compare US military spending to the productive economy in the country, then it’s a very high percentage of the industrial GDP.
Also, the article you linked counts all the military adjacent economy to get to the 10% number, US military spending would also look a lot higher if we did that. US defense spending is currently well over $1 trillion a year.
https://www.thenation.com/article/archive/tom-dispatch-america-defense-budget-bigger-than-you-think/
Meanwhile, US industrial output is around $2 trillion.
https://www.brookings.edu/research/global-manufacturing-scorecard-how-the-us-compares-to-18-other-nations/
Why not they’re consumables/disposable /s
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You think tanks do contribute, or that Russia is growing into new war unrelated sectors?
Russia is obviously growing into new war unrelated sectors because the military industry accounts for only 6% of Russian GDP. Plenty of economic niches have been opened up by decoupling from the west, and many of those are being filled by domestic businesses. That’s where majority of the growth is coming from.
Could you give an example of these new sectors? And what is the real gdp growth, taking into account the actual inflation?
Here’s some analysis of Russia’s economic situation https://youtu.be/ecdxs8Al424
Manufacturing, food production, research, tech, you name it. Meanwhile, I’ll reiterate my advice that I gave you last time. Go back through the channels you watch, look at their past predictions, and compare how they hold up today. If a lot of what they say turns out to be bullshit, as is the case with this channel, then maybe find a more reliable source. You seem to be a real sucker for these propaganda channels. Weren’t you peddling Perun last time?
Could you link a source for growth in those areas? Especially accounting for real inflation?
I’ve found it’s pretty good matching up with predictions.
https://blogs.worldbank.org/en/opendata/world-bank-country-classifications-by-income-level-for-2024-2025-ja
If you bother going back through the videos in the channel, then it’s pretty obviously not matching up with how things developed.