Nord Stream 2 declares bankruptcy

Re:Nord Stream 2 declares bankruptcy by drumhead on Tuesday March 01, 2022 @05:28PM (#30520918)

Any victory Putin has will be entirely phyrric. The west are determined to inflict severe economic damage on Russia. Which considering they represent about 50% of global GDP they are well capable of doing. Putin's reached the point of desperation where's he's hinting at using Nuclear weapons. That of course will never happen, the generals will put a bullet in him before they let him destroy their country.It almost feels like the Japanese attack on Pearl Harbour, they roused a sleeping giant in the form of the USA which went on to crush them. This time round the sleeping giant is the EU and they're going to flatten Russia economically.

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Re:Nord Stream 2 declares bankruptcy by morpheos137 on Tuesday March 01, 2022 @05:43PM (#30521050)

In the long run present day nominal GDP doesn't matter. For example, after world war I Germany had a very bad economic situation. Land, natural resources and culture matter. Russia is the largest country on Earth. China is the largest population and largest economy. India is a close second. The fact is Eurasia does not need the North Atlantic Empire.

Time will tell but much of the vaunted "Western" prosperity is a fading high from the now 70 year old post war era. It is not inevitable that America leads forever.

I wouldn't be too cocksure.

Also, things like population trends or nominal GDP are very changeable over the course of short decades. What matters is resources, land and will and unity of purpose.

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Re:Nord Stream 2 declares bankruptcy by munificent on Tuesday March 01, 2022 @06:55PM (#30521713)

> It is not inevitable that America leads forever.

I agree. At the same time, it seems fairly fundamental to me that people in a free functioning democratic society will always be more productive and able to outcompete those suffering under a dictatorship.

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Re:Nord Stream 2 declares bankruptcy by pizza234 on Tuesday March 01, 2022 @06:08PM (#30521307)

> Any victory Putin has will be entirely phyrric

His victory is pyrric from a western, democratic point of view. From his point of view, it's a win - Russia is an authoritarian regime; the population (up to an extent) doesn't matter. People actually started to be jailed due to protesting already.

I don't think it's realistic that an insurrection will happen, but it'd be interesting to read opinions from Russian people.

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