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> Wall Street and private equity firms prioritize cash out first, and that means a once functioning and nimble industrial base now produces more grift than anyt
by ClumsyPilot 3y ago
> Wall Street and private equity firms prioritize cash out first, and that means a once functioning and nimble industrial base now produces more grift than anything else
Every time any well known brand is taken over by private equity, it goes to shit. But somehow it is blaspemy against the free market to point out the problem.
We spend 21 times more on defence than Russia does, but cannot outproduce it in basic ammunition. And some people are mad enough to contemplate conflict with China. They have 20x Russia's manufacturing capacity.
- pixl97 3y agoAnd a fat lot good it did for Russia losing massive amounts of equipment to high tech solutions.
- lnsru 3y agoI can only make an educated guess, that a dude in Uralvagonzavod (tank production) makes ~600$ a month. So the spending can’t be compared to US directly.
- foogazi 3y ago> We spend 21 times more on defence than Russia does Russia can’t even reach Kyiv 150 miles away - maybe they should have spent more