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Putin said that decrease of Russia's economic growth is a "deliberate step", a "payment to preserve the quality of economy". He will never admit that he devastated the Russian economy with war.

75,816 次观看 • 5 个月前 •via X (Twitter)

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"The authorities have completely lost control over the economy," — Igor Lipsits Igor Lipsits, an exiled Russian economist, argues the Russian economy is not a true market economy and is in a precarious state, characterized by a war-driven "mobilization economy" that relies heavily on state spending and is depleting long-term resources. He points to rising poverty and a severe budget deficit, which the government is trying to address through tax increases, while official figures of growth are misleadingly high due to factors like panic-driven inventory accumulation rather than genuine productivity. Key points from Igor Lipsits on the Russian economy: •Misleading official figures: He states that reported GDP growth is misleading, inflated by military spending and the accumulation of inventories by businesses afraid of supply chain disruptions, not by actual economic progress. •"Mobilization economy": The economy is shifting towards a wartime footing, with resources directed towards the military-industrial complex. This erodes the framework of a free market and sustainability for other sectors over time. •Budget crisis: The government faces a massive budget deficit, with military spending consuming a huge portion of the budget while tax revenues are falling and reserves are being depleted. •Strained private sector: Businesses are being squeezed by tax hikes and a lack of investment. Many industries are operating at a loss, and the government is taxing profits that don't exist. •Economic inequality: While the middle class is struggling, a segment of the population, particularly families of soldiers and those in stagnant regions, are experiencing a form of economic benefit from the war through increased payouts. •Negative long-term outlook: He warns that the current path is unsustainable and could lead to a full-scale industrial and financial crisis, as the economy is "eating itself" by consuming its remaining pre-war reserves and exhausting its resources.

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18,351 次观看 • 7 个月前