Eric Lawton on Nostr: Russia’s economy is now completely driven by the war in Ukraine – it cannot ...
Russia’s economy is now completely driven by the war in Ukraine – it cannot afford to lose, but nor can it afford to win
https://theconversation.com/russias-economy-is-now-completely-driven-by-the-war-in-ukraine-it-cannot-afford-to-lose-but-nor-can-it-afford-to-win-221333
"Military pay, ammunition, tanks, planes, and compensation for dead and wounded soldiers, all contribute to the GDP figures. Put simply, the war against Ukraine is now the main driver of Russia’s 'economic growth'."
Death and destruction is 'economic growth'?
GDP is a ludicrous qconcept. Economists should be ashamed of themselves.
https://theconversation.com/russias-economy-is-now-completely-driven-by-the-war-in-ukraine-it-cannot-afford-to-lose-but-nor-can-it-afford-to-win-221333
"Military pay, ammunition, tanks, planes, and compensation for dead and wounded soldiers, all contribute to the GDP figures. Put simply, the war against Ukraine is now the main driver of Russia’s 'economic growth'."
Death and destruction is 'economic growth'?
GDP is a ludicrous qconcept. Economists should be ashamed of themselves.