In the business/tech centers, there practically IS no business/tech centers, with all this moving out of Russia into the western nations and baltic states -- there will be huge growth after the war is over in most EU countries that aren't Russia or Belarus.
Short term, I think it will be a struggle, long term I think weaker Russia is good for the whole world, I'm hoping china begins to decline too - esp with the real estate crash they have looming, if they lose their ass on foreign real estate our housing prices might go to some semblance of normalcy. Here in Utah, the average home price went from 200k 10 years ago to 600k now, only way I'll ever own a home is if I buy land and build a $10k earthbag home lol.
Yeah I agree that the future looks bleak for Russia, actually regardless of how well they fight. They lost, long term, when they didn't take Ukraine in 3 days. They showed a weak hand and I suspect even their ally China will treat them as a second partner and with some contempt. Perhaps the best outcome would be the Russian government falling again and this time western powers actually helping out, but I doubt they'll collapse in a way that lets that happen, or that society there will accept help, or that western countries would be interested in helping anyway.
China will decline, they're not in a great place demographically. And this is my personal opinion: China had the opportunity to become great, with just a little more freedom they could have leveraged their hi-tech manufacturing base and encouraged innovation. But instead the leadership got scared that they were losing power and sent thing in the wrong direction. It's not that they aren't innovative, it's just that has been tempered enough that they won't take the lead and all the other issues - demographic, geographic etc will take them downhill. Which is a shame because instead of a (slightly) freer world we get nationalism and unpredictability; who knows now what they'll do if they can't deliver on better living standards and an ever improving economy? Invading Taiwan would be stupid from many perspectives, but as a way to drum up and hold support of the population maybe it works?
I don't think the war will be over until US and EU decide to stop sending weapons to UKR. Now, in terms of UKR prevailing, no matter how you spin it, they lost 20% of their country and the majority of their fighting ability if not for external support. Doesn't look like prevailing to me. Basically any chance they had to be "independent" state are gone, either they are occupied or in heavy debt/reliance to the EU/US.
Yes future looks bleak for Russia indeed, but the same is the outlook for EU. A broken relationship with Russia never worked with Europe historically, and for good reasons. Also, Russia cannot be "helped" from the "west", its not "yet another" country. Whoever I know that has been there, can confirm that its a special place with dynamics that are not entirely understandable by western values.
I don't see China declining, the opposite actually. Yes COVID hit them (which for me screams "Cui bono" to the whole covid thing, but thats off topic) and they are doing bad demographically, but their struggles are not in vacuum. Europe is getting hammered and its even worse demographically, US is in a "esoteric mode" dealing with problems from within.
I disagree with your line about independence. America funded the rebuilding of Europe and Japan after WWII. It is way more in the interests of us in the west to have independent states rather than vassal states. This is where Russia is failing - if they make Ukraine a vassal state and install a government the people there will forever agitate and cause trouble, it will always be a thorn in their side. They'd have to attempt Russification once again, and how well has that worked out?
Small states are never independent completely, but internally independent and being rebuilt by western allies is surely a lot better than vassal state of Russia. Especially as the majority of Ukraine wanted to loosen ties with Russian and join the EU - thus why we're where we are.
China has a worse demographic problem than Europe. Fastest ageing country. Yes Europe has some similar problems, but the worst place in Europe for that is Russia.
You don't seem to follow recent economic developments then
> Basically any chance they had to be "independent" state are gone
Ukraine is more independent now than it ever was 2013 or 2021 and all is telling that it will be even more so after the war, so I'm not sure what you are smoking there
The future looks better for Europe/Ukraine than you'd expect over a 4 year term.
Not so much for Russia. Putin made Russia a pariah state like North Korea
While I'm not sure about Europe, Ukraine seems lost: they're at the mercy of the IMF and had to give up their economic independence. In the best case, they can emerge like Bulgaria, Romania, etc in a decade or more - moderate brain drain, industry bought off, moderate corruption. In the worst case, they'll suffer massive brain drain, all their industry will be bought out or lost, high levels of corruption and they'll be reduced to providing labour and raw materials for the EU.
The war will likely strengthen the nationalist and extremist factions in the country and make it even more difficult for the government to reach a compromise. It's not clear if the fledging democracy will survive this war. Beforehand there were concerns that the president has too much power, now with political parties banned it's uncertain how a meaningful opposition would look like.
On the military side, even ignoring that they've lost a large chunk of territory, they are still neighbouring Russia. And despite the optimist messaging, Russia has many ways to make Ukraine's life harder or even snuff it out. From targeting energy and industry, to chemical weapons and even nukes.
Additionally, in 4 years time they will have insane profits from gas, where the pipelines have already been laid. Europe will be able to stop all payments to Russia and change it to Ukraine.
In the future, they will probably do similar preparations like Finland did ( since Finland got invaded hard also in the past).
Russia is already the pariah state. And while Europe is harboring fleeing Ukranians, we are tightening ties and exponentially tieing their future WITH Europe ( eg. The English language).
Ps. The future of Ukraine tied to Russia would have been a joke, just check Chechnya and Syria. They are way better off if they are open to it. Just check GDP growth of Poland, that's what partnering with Europe means and can do.
How does this reconcile with warnings by the Belgian government that we can expect between 5 and 10 hard years? Or the comment by the French president, that the "end of abundance" has arrived - which perhaps wouldn't be so bad, if it really were an era of abundance for large parts of EU societies.
That the EU has 2 choices in the long term:
1. bow to Russia's demands and lift the sanctions. Gas will be turned on and its price will fall, but now Russia knows that they have a weapon that they can and will use against the EU when they see it fit. Also it would result in a huge uproar, most EU states are very pro-sanctions despite the hardships.
2. Do not lift sanctions. In this case the gas price will stay high, but will certainly fall long term. Also Russia will have no leverage against the EU. Also the situation is not so dire as it seems: Russia supplied ~15% of the energy to EU, so if the EU can lower its energy demand by a bit and get a bit of energy from extra sources they are set. People did the math and its possible, likely in 2 years there will be a minimal effect of no gas flowing from Russia.
As for the "hard years", its not just the energy crisis caused by Russia turning off the gas valve: After the constant boom of the 2010s its time for the bubble to burst. Global warming effects are starting to hit hard, the supply chain issues starting with COVID and getting worse with the war made governments realize that you cannot outsource everything; moving back production to the West will casue lots of price hikes. Also boomers are now starting to retire causing the most experienced part of the workforce to shrink drastically and being replaced by pensioners who just cost states money.
So no matter what we do with Russia the next 15 years will be hard -- I'd say that the belgian government was optimistic with the 5-10 years estimate.
What have Western leaders done in the last 20+ years to earn such trust?
I mean, China is the only successful country that isn't western, not even in spirit (like India, Japan, or Korea) and their run seems coming to an end lately, with all their debtors defaulting.
The Indian trading companies seem to have left the west in a very good position.
They are successful and follow the "western spirit" more than the rest of Asian countries.
https://www.reuters.com/markets/commodities/europe-imports-m...
https://www.argusmedia.com/en/news/2349110-australia-leads-n...
Outcomes that are likely this winter are blackouts, bankruptcies for businesses and for individuals financial ruin and losing one's savings. The question is to what extent those will happen and which percentage of the population will be affected.
It's the western leaders who are keeping both Nord Stream 2 and 1 closed: NS2 because Germany won't license it, and NS1 by sanctioning Russia so they can't work with the companies that repair the broken components.
In fact there are at least 5 gas pipelines into various parts of Europe which are all closed by the west or western actions:
The stupid thing is, somehow these facts seem to have got lost somewhere along the line and the European countries are convinced this is 4D chess by Russia instead of the exact outcome sanctions were intended to create.
Not true. While Canada who repaired the turbine first refused to give it back to Russia now they are willing because of German pressure. Siemens (the operator of the turbines) has stated multiple times that there is no technical issue in running NS1. Russia is not supplying gas trough NS1 because of political reasons:
- Russia's main goal is to make the EU stop supporting Ukraine, thus they can make a favorable peace agreement. Their main goal is to get the EU states oppose the war.
- They are doing this by trying to sow panic and chaos in the EU by turning NS1 lower and lower (now its off) and other things like releasing ridiculous videos like https://www.youtube.com/watch?v=kcbcBrL4ju4
- This panic also results in high gas prices which is harmful to EU's economy and good for Russia's pockets.
The west should not bow to Putin's will, if it would lift the sanctions Putin would use gas as a weapon against the EU whenever he wants; the only good choice is to get rid of any Russian dependency.
Trust the western leaders, they did the math. The EU will have enough energy for the winter. Also USA is bringing out the big economical guns too, they started to lower the price of oil which will result in crushing Russia's #1 income source (they can produce oil for around $50) and this will also bring down energy prices.
This and the next winter will be still hard for the EU, but after that things will stabilize. But seriously what did you expect, how could a Russia, a country with a total GDP around Italy beat the EU, Japan, USA, Australia, South Korea in an economic war?
In any case, presenting this as a fight between Russia and the EU/US/etc is a bit of a red herring. In the end, it doesn't matter that Russia "loses" or is hurt worse, if the EU economy's in shambles and governments are voted out and replaced with more extremist political parties for example.
I would not say so. Compared to most other countries the EU did very well:
- Got the best vaccines with the 2nd fastest (USA was better because the EU did not mandate Pfizer to build a factory in the EU, thus Trump could block most of the vaccine exports for a few months until the USA was mostly vaccinated). Compare this to e.g. China where they still have to do lockdowns, likely because of their subpar vaccine that is ineffective in the elderly. Or to Japan where like 2% of the population was vaccinated by the time of the olympics.
- Was among the best for keeping the virus under control until it was not necessary with the right amount of lockdowns. For bad examples see Russia where lockdowns were not enforced/declared too late or Brazil where they declared it a hoax.
So who did better?
- Israel with securing the very first batch for a price of playing guinea pigs, which was a big gamble.
- Island states like New Zealand or Australia because they can just lock down airports and ports to prevent spread. EU could not do this, too many land borders.
Compared to some ideal world where we would have a global lockdown for 2 weeks and the virus is gone everyone was doing pretty shitty of course. But compared to other countries EU was among the best.
If Germany loves one thing, it's being richer than the rest of Europe. They just throwing their weight around.
Russians are very good as sowing discord and creating panic among the population, but if you look at the facts things are not so bleak.
- If closing down Nordstream would really lead to the collapse of the German economy then the EU would have lifted the sanctions. While they can accept some hardships to beat Russia, they would not kill their economy to do so.
- Just look at the gas futures price in the EU: https://www.theice.com/products/27996665/Dutch-TTF-Gas-Futur... Since the full closure of Nordstream gas prices have actually gone down showing that the gas market has already priced the closure, and as time will pass it will go down even more (since people will see that we have enough gas & Putin's threats are taken less and less seriously mostly because he has run out of things to threaten with)
So dont panic and trust Western leaders a bit more.