I think the mistake here is to assume that the invasion is dictated by economic interests (be they oligarch interests). I don't think what's happening is driven by oligarchs, but by other geopolitical ideas (insane as they are).
As far as I can see it there's no bet. Russia pretty much knows the US will not react, and the US has no interest to start WW3 over Ukraine.
I don't believe this, unless you define "significance" as nothing more than having your name in the world newspapers, even if it's for the wrong reasons.
Look at where they sit strategically. The amount of resources they supply to an increasingly resource hungry world. The amount of math and science talent. The possession of advanced nuclear weaponry.
Look at what they are doing militarily right now and how effectively they are doing it.
They are an extremely significant country. This is true no matter how you feel about their government.
Russia's economy is dependent on fossil fuels. While the decrease in Europe's use of nuclear power has been a gift to Russia, the future for fossil fuels is not bright and Russia's kleptocratic government has starved the nation of economic innovation.
I don't know what "extremely significant country" means here, but Russia is objectively a country in decline both in terms of economic and cultural power.
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)
But that's the only thing they supply. At least in Europe (I hope) they'll start decoupling from Russian fossil resources asap.
> The amount of math and science talent
Pales in comparison to the US, China or the EU (taken as a block) and possibly even in comparison to the UK or Japan.
> The possession of advanced nuclear weaponry
This insures that MAD still works, but not much more I think.
Which is the last thing anyone should want because it will simply deepen ties between Russia and China.
Overpriced healthcare, insurance and banking services might not be as valuable as oil, minerals and manufacturing going forward.
I just feel it's a huge conceptual mistake to underestimate the relative weights of forces.
Russia in 2022 has a GDP of $1.5T, and NATO has a combined GDP of $42T (2). Even if you make the case that Russia's current economic activity translates more effectively into wartime industry, I don't believe you can possibly make the case that it is 28x more effective.
Germany also had military technology and strategy advantages (see France in 1940) over its (early war) opponents. As good as Russia's "math and science talent" is, I would be shocked if it was even a quarter of the capability that the US alone has.
So no, Putin in 2022 is not comparable to Hitler in 1939.
(1) - http://www.zuljan.info/articles/0302wwiigdp.html. (2) - https://countryeconomy.com/countries/groups/nato
China is taking Russian engineers and cheap resources. In the meantime, Putin complained that they didn't invest enough back.
Total GDP ain't big either. Military is 6% of their gdp with a lot of older material too ( = maintenance cost)
Very low vaccination rates, means very low trust in the governement.
Russia is doing this because of a weak position. Not from a strong one.
China is giving something to give Russia confidence, but really not much.
Does NATO intervene when Russia starts (or really continues) courting pro-Russian politicians?
Does it intervene if that minority starts protesting?
Does it when that minority starts resisting?
Does it when Russia smuggles them arms?
Does it when little green men show up?
Does it when the rebels (now mostly little green men) advance West?
This go around the West tried sanctions and it obviously didn't work. Estonia is far more Western and fewer historic ties to Russia than Ukraine did. So it might not progress past step 1 in the playbook. Almost certain that Putin is going to try and likely will try for at least a couple decades to come.
For instance, we've seen it dramatised in season 3 of Berlin Station: https://www.imdb.com/title/tt5191110/episodes?season=3
My imagination says: as soon as new facts are established (let's say blitz invation of a city), you are tempted to not respond because you don't want to start a world war. Of course this fails the overarching theory (MAD, tit for tat etc), but I wouldn't think it's impossible. Maybe for example USA would say it wants to respond with sanctions to avoid a larger war.
https://en.m.wikipedia.org/wiki/Foundations_of_Geopolitics
* Use subversive tactics to destabilize countries
* Use natural resource control to pressure countries
* Use military as a last resort when influence fails
Basically, make energy deals with Germany, ignore the US and UK and install puppet governments in Eastern Europe through bribery and propaganda until they can be annexed or granted “special status”.
But how can you establish facts, when you have to kill hundreds or thousands of US soldiers in NATO country first? Do you think that the US will say "shit happens" lets do some financial sanctions? Biden already said that as soon as russians shoot US troops we have WW3. And I think no other conclusion could be drawn here.
Of course, I don't believe there is such a system, or if there is it's very local; if it comes to nukes, they will come from anywhere (e.g. nuclear submarines) and can end up anywhere. If there was an effective anti-nuke system, we'd see launchers pop up everywhere, or if it's a space based one, see many launches of those to get enough coverage (like starlink).
https://en.m.wikipedia.org/wiki/Status-6_Oceanic_Multipurpos...
This is just a slightly different version of a Cuban Missile Crisis. It has nothing to do with economy.
I am a NATO Commander, I order the attack on Russian Troops in Ukraine. Russia retaliates with Nukes and I fire mine back and they fire theirs back on my Home Nation.
Did I profit?
Or the war could turn into a route against Russia and defeat would mean the end of Putin's life. Why would he not draw a red line of threatening nukes, and mean it, in that situation?
This is a classic game of "chicken", and NATO has basically told everyone they wouldn't get directly involved.
All your arguments happen to apply to NATO commanders too.
Here I am, head of a NATO member. I see Russia invade a country that we don't really care that much about. If we intervene there's a chance the world might end (and I will die). If we don't do anything except say some stern words online we'll lose some face but our money and lives are safe.
Do I intervene?
In a game of "chicken" the side with the most to lose and the side that believes they are most "rational" will lose. That losing side seems to be NATO now. Putin's image of being an irrational dictator willing to win at all costs is why he's winning this "chicken" game easily.
But how would the nuclear option play out?
Here I am, a Russian oligarch. I ordered the Ukrainian invasion because I bet that NATO wouldn't intervene because of my nukes. But it turns out I was wrong and NATO is pushing back my invasion.
So I fire some nukes.
But then they fire nukes back at me.
????
Did I profit?