this post was submitted on 01 Nov 2023
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6% Inflation isn't a lot of pain. Germany had the same in July/August.
Ok, but there's a reason the article leads with the 15% interest rate (Germany is at 4.5%)
That doesn't really affect people though.
30% or 50% inflation would. Rationing would. Power outages would. Having to go to air raid shelters every night would.
None of that is happening. The losses are downplayed, hidden, and the people sent to war are usually from regions or population groups with little influence. No wonder the population supports the war.
The government also isn't losing anything important: they don't care about the people, the weapon systems being lost are outdated scrap, and neither the luxuries of the elites nor the manufacturing and infrastructure inside Russia are being hit. Why would they stop?
It does effect some people (I.e. People with variable rate mortgages)
But yeah, overall sanctions are completely insufficient. Partly because they are incomplete, partly because Russia is a massive country able to supply almost all of her own necessities.
China. Eventually the russian losses will present too tempting a target to China, which is already seeking deeper ties with the -stan countries. Also, China still wants Vladivostok back.