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Although... We're seeing serious financial ramifications for Russia here. The currency is worth nothing on the open market, its financial institutions have litt
by oliwarner 5y ago
Although... We're seeing serious financial ramifications for Russia here. The currency is worth nothing on the open market, its financial institutions have little ability to borrow externally, they can forcibly isolate themselves but any imports are only going to be available to Russians at massively inflated prices.
The hyperinflation caused by defeat and reparations from WW1, and the propaganda over the next two decades were key motivating factors to get the German (and Italian, and Japanese) people to want to go to war with the rich empires that surrounded it.
Eerily enough, we're almost exactly 100 years on from that point. History could repeat itself with America and the EU playing the parts of the British and French empires. I think supporting the people of Russia is going to be a critical part of the next decade's diplomacy. It's not their fault this dictator has power.