Lack of Good Analyses Contributes to the Decline of the ‘West’
What really hit me last year was the dearth of correct analyses in main stream media and in politics with regards to the war in Ukraine. Little if anything is based on facts. More than 90% of the published output is propaganda.
The ‘western’ plan was to draw Russia into Ukraine to then ‘kill’ it by economic sanctions. As Biden said when he announced those:
We have purposefully designed these sanctions to maximize the long-term impact on Russia and to minimize the impact on the United States and our Allies.And I want to be clear: The United States is not doing this alone. For months, we’ve been building a coalition of partners representing well more than half of the global economy.
Twenty-seven members of the European Union, including France, Germany, Italy — as well as the United Kingdom, Canada, Japan, Australia, New Zealand, and many others — to amplify the joint impact of our response.
I just spoke with the G7 leaders this morning, and we are in full and total agreement. We will limit Russia’s ability to do business in Dollars, Euros, Pounds, and Yen to be part of the global economy. We will limit their ability to do that. We are going to stunt the ability to finance and grow Rus- — the Russian military.
We’re going to impose major — and we’re going to impair their ability to compete in a high-tech 21st century economy.
We’ve already seen the impact of our actions on Russia’s currency, the Ruble, which early today hit its weakest level ever — ever in history. And the Russian stock market plunged today. The Russian government’s borrowing rate spiked by over 15 percent.
The assumptions behind these sanctions about the state of the Russian economy were completely wrong. Russia no longer had a low level economy. Yes, its GDP in dollar terms was much lower than those of most European states. But its GDP per capita measured at purchase power of the ruble was quite high. Russia’s GDP also includes a much higher percentage of real production and a lower percentage of dubious ‘services’. Its health care sector is 5.6% of its GDP. In the U.S. it is 16.7%, without creating a much better outcome. If one looks at Russia’s production of steel, concrete and electricity per capita, things of real value, one can see that it is as much developed as other major middle income countries in Europe.
The sanctions not only failed but hit back at those who issued them. Just look at Europe’s energy crisis. Due to the sanctions issued in 2014, when Russia reintegrated Crimea, it knew what was coming and had prepared for it. Within weeks the rubel went so high that the central bank intervened to lower it. ‘western’ companies in Russia were quickly taken over or replaced by Russian ones. Trade with China and other non-western countries grew immensely. Russia’s total GDP decline in 2022 will be 2.5-2.9%, not the 20 % some western ‘experts’ had predicted. Some of the European countries that issued the sanctions will have a much sharper decline.
Russia was and is rich. It produces lots of food and has all the natural resources it could wish for. Its economy is mostly self sufficient. Its population is well educated. It has the military means to defend itself. How anyone thought that Russia could be brought to its knees by sanctions is beyond me.
Them came the war. In April the attempt to make peace with Kiev failed after the U.S. prevented Kiev from signing a deal. In consequence the Russia forces pulled back from Kiev. It never had had enough troops there to conquer the city. (One needs 1 soldier per ~40 inhabitants to occupy a city. Russia had only half of the
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