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August 07, 2023

Russia-Ukraine update notes, as Russia's economy surges

Volodymyr Ishchenko, indirectly if not directly contradicting James K. Galbraith, discussed here this spring, says that much of Russia's economic growth is military Keynesianism and warns of the consequences. That's always a problem, both military Keynesianism and its consequences, but, I think he overstates the case. (And, reconstruction of damaged occupied Ukraine is not military Keynesianism anyway, not in a narrow sense at least.) He partially redeems himself by then tweeting a Carnegie Endowment piece which more tracks with some of what Galbraith says, but even it skims the surface of the structural changes Galbraith discussed.

Oh, that growth didn't just happen last year. Via Mark Ames, as was the above, at the Wall Street Journal, the IMF says Russia's economy will grow 1.5 percent this calendar year.

The Forward is the latest to write about Ukraine's neo-Nazi problem, with its perspective being US Jewish orgs pulling their punches since the start of the war. Shock me. It's because they're Blue MAGA following and falling in line with Warmonger Joe.

None of these groups will listen to a majority of the American public, though, which wants to cut off Ukraine support. And, no, not the likes of Quincy Institute saying this; it's CNN.

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