• ghost_laptop@lemmy.ml
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    1 year ago

    True, although just having that number is also not that relevant, since this probably will take the effect of an exponential function and the numbers will likely increase rapidly until getting to a certain top. $200 billion might not be much but as the first point in a function of such rapid growth it is relevant.

    Another relevant thing to keep in mind is that the more relevant part is that Russia is finding the customers it lost when it left the EU. India, China and other countries are filling that gap which means they can keep selling their goods, and this is not good for the EU because forcibly the prices of such goods will be more expensive now.

    • Bernie Ecclestoned@sh.itjust.works
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      1 year ago

      That’s one way to spin losing access to the two largest, richest markets in the world. It did not end up well for them the last time the iron curtains were drawn

      I’m not sure being dependent on China is good for Russia either They’re basically now just the mining and resource supplier with no competition to up whatever price China wants to pay them.

      • OrangeSlice@lemmy.ml
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        1 year ago

        That’s one way to spin losing access to the two largest, richest markets in the world.

        If those markets demostrate such a level of hostility compared to China, is it worth it?

        It did not end up well for them the last time the iron curtains were drawn

        I don’t think there is a clean comparison here since the historical context is significantly different. The PRC is much more developed and stable than the USSR or 50s era PRC was. History also would have turned out much differently if the USSR and PRC didn’t split in the 60s. In my opinion that was what really put them on the path to their economic troubles in the 80s, obviously the Iron Curtain was probably the larger factor overall, but that is to be expected in the political climate of the time.

        I’m not sure being dependent on China is good for Russia either They’re basically now just the mining and resource supplier with no competition to up whatever price China wants to pay them.

        For the moment they are dependent on China, but China has a vested interest in fostering that relationship rather than exploiting it, I would say. They are much stronger together than divided, and they surely can both recognize this from recent history.

      • ghost_laptop@lemmy.ml
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        1 year ago

        True, but the last time the Gobal North had a lot more power in terms of geopolitics, now it’s not so much them losing access to the largest richest markets but rather the richest markets isolating themselves more and more from the rest of the world. Who do you think South America or West Asia is going to choose if they have to between US/Europe and China/Russia? Also a couple of years in the past there wasn’t such a strong competitor as China is now to the US, the USSR always was almost half the GDP behind the US, while now China is barely behind and even surpasses it in the average GDP, without taking into account the growth of countries like India or Brazil.

        And I don’t think China will go that route either, if we are to judge with recent policies taken with other countries they will probably help Russia growth since they are still pretty much behind them and have a ton of non extracted resources, and simply by the political system both countries have it’s impossible for China to surpass Russia since capitalism isn’t as efficient; the only reason why the US and other European countries have so much wealth is because of the historical imperialistic and colonial policies, while China achieved all that simply through centralised planning.

        • Bernie Ecclestoned@sh.itjust.works
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          1 year ago

          and simply by the political system both countries have it’s impossible for China to surpass Russia since capitalism isn’t as efficient;

          China has already surpassed Russia in pretty much all measures inc:

          China GDP 17T Russia GDP 1.7T

          https://data.worldbank.org/?locations=CN-RU

          the only reason why the US and other European countries have so much wealth is because of the historical imperialistic and colonial policies, while China achieved all that simply through centralised planning

          They also killed millions with central planning,

          https://en.wikipedia.org/wiki/Great_Chinese_Famine

          and have now become a market autocracy, not communist.

          China is an old country, they’ve had plenty of imperialistic and colonial habits and still do, have you heard of the Hui?

          https://thediplomat.com/2021/06/chinas-repression-of-the-hui-a-slow-boil/

          • ghost_laptop@lemmy.ml
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            1 year ago

            China has already surpassed Russia in pretty much all measures inc:

            Precisely what I’ve meant, maybe I’ve worded it poorly. Russia cannot surpass China even with China’s help simply because of capitalism’s own limitations.

            They also killed millions with central planning,

            https://en.wikipedia.org/wiki/Great_Chinese_Famine

            To believe that a country in such a destroyed condition which had just made the transition from feudalism to socialism had the fault for this catastrophe is to be blind to history. Europe has had a lot of famines through its history, China had just been through multiple wars and already was a poor country.

            and have now become a market autocracy, not communist.

            It’s normal to confuse between the two, don’t worry, I’d highly recommend you to read Mao Zedong or Deng Xiaoping to understand a bit better the nuances of the role of the market in a socialist society, and how it differs from that in a capitalist society. I pray so that your country can also be free from the torturous chains of the bourgeoisie.

            • Bernie Ecclestoned@sh.itjust.works
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              1 year ago

              The major contributing factors in the famine were the policies of the Great Leap Forward (1958 to 1962) and people’s communes, launched by Chairman of the Chinese Communist Party Mao Zedong, such as inefficient distribution of food within the nation’s planned economy; requiring the use of poor agricultural techniques; the Four Pests campaign that reduced sparrow populations (which disrupted the ecosystem); over-reporting of grain production; and ordering millions of farmers to switch to iron and steel production

              Central planning literally made it worse.

              And locking up political enemies is pretty authoritarian…

              Authorities often label independent or investigative coverage as “fake news”.[2] Since Xi Jinping became the general secretary of the Chinese Communist Party (CCP) in 2012, various commentators, protesters, feminists, lawyers, journalists, and activists have been arrested, detained, jailed, and threatened for attempting to exercise press freedom.[3][4] As of 2023, Reporters Without Borders called China “the world’s largest jailer of journalists.”[

              https://en.m.wikipedia.org/wiki/Freedom_of_the_press_in_China

              • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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                1 year ago

                And locking up political enemies is pretty authoritarian…

                Isn’t your shithole country torturing Assange right now for exposing US war crimes?

                • Valmond@lemmy.ml
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                  1 year ago

                  The old whataboutism.

                  We are not all from the USA and no country is perfect, that doesn’t mean any single country gets a pass in my opinion.

                  • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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                    1 year ago

                    Screeching whataboutism is a logical fallacy used to justify having double standards for yourself and your adversaries. If the things you claim to happen in China are actually happening in your own country then that’s what you should be focused on. Meanwhile, it’s not just USA that’s at fault in the west. Every western country commits horrific atrocities. For example, France is doing brutal crackdowns on protesters with militarized as we speak.

                    Maybe if westerners focused on fixing up their own shithole countries instead of yapping about China all the time, the west wouldn’t be where it is today.