3 ms·
While, in principle, I support sanctions against Russia for their actions, I can't help but think they are using Ukraine as part of a larger economic game. Basi
by errantmind 5y ago
While, in principle, I support sanctions against Russia for their actions, I can't help but think they are using Ukraine as part of a larger economic game. Basically, they are forcing countries to take sides to some degree, and any country that wants to continue trading with Russia will have to adopt an alternative financial system/network, one that is not Dollar-centric like most of the world currently uses.
I think Putin means to hold out economically as long as possible and give other countries a chance to adopt this financial network and eventually get to a point where Russia doesn't need to play by the West's rules anymore, because sanctions will have a diminished effect.
- psychlops 5y agoPretty sure it's China using Russia for part of its larger economic game to accomplish the goals you mention.
- chalst 5y agoI think this has things the wrong way around. Russia and China have for the last twenty years been trying to break free of the dollar-centric financial system with some degree of success: both countries have, for instance, built up large gold reserves. Now Russia is using that prior preparation to engage in old-fashioned revanchism. Rather than being a move in a bigger game, I think this is Russia cashing in its chips. The potential for bad consequences for Russia in the months ahead depends to a large degree on how China reacts.
- eunos 5y agoWhat? China is still biggest dollar forex out there.
- redisman 5y agoChina is very different philosophically. Hide your strength, bide your time. Their economy has also had a meteoric rise unlike Russia which is a flatlined raw resource economy. I mean Russia did for about 8 years but China is going for multi decade before they start cashing in.