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Russo-Ukrainian War 2014-23 and Invasion

Started by mongers, August 06, 2014, 03:12:53 PM

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The Minsky Moment

Quote from: Zoupa on Today at 09:33:00 AMInstead they've switched to make the war as costly as possible to russia. The Black Sea fleet is decimated, Belgorod is getting bombed daily, your refineries are on fire: leave Ukraine and it stops. Either that or general collapse/civil war in russia.


The Black Sea fleet attacks have had strategic value because it's taken away the fleet as a weapon and allowed Ukraine some freedom of action economically.

More generally, however, Ukraine simply doesn't have the means to execute a punishment strategy anywhere near sufficient for that to be effective, assuming that such a strategy had any hope of success even if means were far greater.  Putin has sent hundreds of thousands of young men to their death and murdered the leading opposition leader and Russians meekly accepted his recoronation.  Thinking that adding some kopecks to gasoline prices is going to move the needle to wishful thinking.
The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.
--Joan Robinson