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What will happen once Ukraine loses the war?
(lemmygrad.ml)
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this post was submitted on 04 Oct 2023
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GenZedong
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Could you elaborate on this? I dont follow. How is our standaed of living connected to this war?
The most obvious way is that productive resources are being directed towards Ukraine rather then being invested domestically. For example, if a country chooses so open a factory to produce artillery shells instead of building hospitals, then this has an impact on the standard of living. The less direct impact comes from the economic war with Russia where western economies are starting see sever economic blowback. Europe in particular has seen a huge increase in energy prices, and this translates into the economic problems we're currently seeing. The rise of BRICS and dedollarization also have an impact as this shrinks dollar based economy.
Ah that makes sense. In the US, I don't hear a lot of chatter blaming the war for our woes, just the usual partisan politics stuff
It's not a coincidence that we saw 11% inflation in cost of living at the start of the war. We imported a lot of things from Russia. Without those things, we have to pay more.
In the EU at least, believe me we're fucking feeling it (in energy and fuel prices, which are themselves impacting food prices, etc.). Though the war isn't the only factor of course.
I saw things immediately shoot up in price when I go out to get groceries. What might have cost me €20 just 2 years ago, often now steps above €30. The lack of Russian-produced foodstuffs (which were often cheaper) also means there's no competition.
In contrast, the wages have had less of an effect than trying to divert an EF-5 tornado with your jizz.
I wonder if destroying the nordstream pipelines and the cheap natural gas from Russia has any impact on the EU economy and electricity prices, and the resulting de-industrialization? How about the massive unprecedented sanctions on one of the largest resource exporters on Earth? How about the destruction of the grain production center of Europe and the associated infrastructure and ports? This is all not even taking into consideration the global de-dollarization move that is making non-western countries increasingly sovereign and able to resist western neo-colonialism, which increases prices for those in the core as it gets harder to extract from their colonies.
Oh yeah, and sending several hundred billion dollars to Ukraine to get blown up instead of using that money on domestic development. China could have made a thousand new factories with the money that the west has squandered in Ukraine.
gas prices went up $2/gal last year. they came down some over time, but i mean, there's an example