this post was submitted on 11 Sep 2022
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[–] yogthos@lemmy.ml 5 points 2 years ago (1 children)

Anybody with a couple of brain cells to bang together understands that it's relative economic damage between the west and Russia that matters. While Russia relies on nice to have things from the west like iPhones and Starbucks, the west relies on bare essentials like food and energy. If shit hits the fan in Russia next year, then it's hitting the fan on a much bigger scale in the west as well.

It's also absolutely fantastical to think that Russia can't replace whatever it is relies on from the west with equivalent products from China and India which constitute world's major manufacturing hubs.

Russia has already gone through two large economic crises in the 90s and in 2014. There is no indication that this crisis will be any worse than that and people in Russia know what to expect. On the other hand, people in Europe have not experienced anything of the sort since WW2, and European leadership took no steps to prepare for the crisis foolishly thinking that Russia would collapse within a month of western sanctions.