Sanctions on Russia
in War in Ukraine ·
urbanotter said:That’s just your opinion, and it speaks volumes about your crystal ball.
You're entitled to it, even if it's wrong, and the future will soon prove that point.
As for us here in America, Russia has already overtaken us, and I am certain they will pull even further ahead.
Looking at GDP per capita, we find ourselves right alongside them on the charts,
with the reality that the purchasing power of an average Russian citizen is actually higher than that of an American citizen due to lower costs of living.
The sanctions, which have caused massive spikes in food and energy prices, will only serve to widen that gap.
China is currently the world's second-largest economy and is growing at a faster rate than any Western nation, so all serious analysts and economists expect them to overtake the US within two or three years.
Here is the projected 2022 GDP per capita based on purchasing power parity:
https://en.wikipedia.org/wiki/List_o...PP)_per_capita
52. America $36,201
58. Russia $30,013
That is the direct impact of sanctions on the self-sufficiency of the Russian economy. Back when the US population was calculated differently, there was a decline, and this year the drop is even more significant. It keeps getting worse.
I am convinced that even a state as deeply corrupt and dysfunctional as America would possess double the GDP per capita of Russia if it held a comparable amount of natural resources for export; this simply highlights how profoundly corrupt and incompetent the Russian state truly is.
It is a nation that is literally incapable of producing ten products relevant to the global consumer market. Zero. Nothing. Their only outlet for subpar goods is Russia, Belarus, the Caucasus, and the Turkic states in Central Asia, plus a few tech items sold to the developing world.
China is to Russia what the James Webb telescope is to Sputnik; we are talking about a country where, once you strip away the flashy facade, all you see is filth, decay, and a medieval mindset.