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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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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.