Possibly the worst form of economics, except for all the rest…
The West-Russia economic & diplomatic decoupling that is underway right now is completely without historical precedent for such a large ($1.5 trillion) and relatively integrated economy as Russia's. And sanctions aren't even the main cause of it ??
— Dmitri Alperovitch (@DAlperovitch) March 5, 2022
The fact is that it is the unilateral decisions of Western companies to pull out of Russia or break their contracts with Russian companies (when the sanctions are not requiring them to do so) that is driving Russian economy into a very deep economic hole pic.twitter.com/US6W21yZk9
— Dmitri Alperovitch (@DAlperovitch) March 5, 2022
Yes, sanctions on some of the biggest Russian banks could make their ability to pay local employees and buy/sell goods complicated but they could have found a way to make it work if they wanted to. The reality is – no one wants to continue doing business with Russia after Feb 24
— Dmitri Alperovitch (@DAlperovitch) March 5, 2022
And selecting a new candidate is a coordination problem of its own. Hence, the probability of a regime change is low. 21/
— Professor Olga Chyzh (@olga_chyzh) March 5, 2022
Foreign Affairs Open Thread: CAPITALISM!Post + Comments (79)