Russia Has a DUTCH DISEASE and it’s DYING
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- Опубликовано: 16 сен 2024
- Russia is facing an unprecedented economic challenge-one that could spell disaster for the nation's future. It is known as a silent and insidious crisis, the 'Dutch disease.' With its heavy reliance on energy exports, Russia’s economy is becoming increasingly vulnerable, teetering on the edge of collapse. In this video, we explore how this economic curse could impact Russia's global standing, weaken Putin's regime, and even trigger a revolution. Watch to learn more and join the conversation!
#militarystrategy #militarydevelopments #militaryanalysis
#themilitaryshow
SOURCES: pastebin.com/8... 
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One issue not mentioned is that corruption is embedded at all levels of the Russian Economy. This hidden cost makes any numbers suspect.
Plus Russia lies about EVERYTHING. I'm not sure how one reliabily measures economic performance in Russia.
When you consider the numbers they do publish then the situation is way way worse than a single metric like over reliance on a single sector for income. Keep watching, just like in Germany, Herr Putler's "economic miracle" is masking reality. Personal debt among the people compared to income is outlandishly high now, it wasn't 2 years ago, suggesting that millions are using credit to survive, to buy food, pay rent etc. Price inflation of food and products in Russia have an inflation level not seen in Europe since in Germany. A cheap Chinese car costs Russians what we in the west pay for a good car, we can buy the Chinese car upgraded for western emissions and standards for half what Russians pay with their, on about average, £100 a week incomes for the cheapest, dirtiest, low materials versions get. That's just one example, they had a demographic crisis before they wiped out hundreds of thousands of their own working age men on the battlefield, let alone hundreds of thousands fleeing the country.
True
Perun’ a recent video on the Russian economy goes into detail. Worth watching if you want to know Russia’s current wartime economy, and the pros and drawbacks of it.
There's on figure, Russia can't hide. The central bank raised rates to 18%. It doesn't match the other rosey figures coming out of the Motherland and suggests a much harsher situation.
I'm Dutch. The Dutch government shut down it's Groningen gas field last year because of earthquakes. So we will have to bear the consequences in the coming years. We now have to pay for LNG imports instead of selling our gas abroad. We still are a trading and agriculture country with value added industries. And there is ASML.
Scared of earthquakes? Weird.
@@MarcoBonechi Getting Gas out of the ground causes diffirent earthquakes then normal earthquakes. they are near the surface and small earthquakes actually causes a lot of damage to all buildings in this area. you know we care more about our people and make sure people are safe and not in terrible situations instead of making money. country's can learn from that.
@@Dutchfr1908-d3d I am Dutch too, if The Netherlands cares more about its people then why does it go against the wishes of the people in its continuation of flooding the country with wholly unwanted immigrants from hostile nations? Our government is the same as all the others; it doesn't give a damn about the citizens!
ASMI will outpace the economic gains that lng ever had for the Netherlands. obviously that doesn't make Netherlands any less depends on lng imports but i dont think the overall situation will have a negative impact long-term
.
i am dutch and yes it is DUTCH DISEASE, we did sell the gas without investing :)
You go bankrupt gradually, then suddenly.
True.
USA and Fed holding out until after Nov, but that’s another interest-rate-ing story. :/
Revolution - the same way
Like falling asleep, or in love.
A former-soviet Bulgarian I know has been saying this since at least 2014. Back when most people didn't want to believe that, or that their military was a paper tiger. He compared Russia to an oversized mining village, where oil is cheap but everything else is unaffordably expensive. Also pointed out that their GDP per capita is over 5x smaller than that of Texas, with their total GDPs being roughly the same ($2 trillion).
That's one thing I find hilarious when Russia acts like they're still America's rival like its the 1950s. We have _single states_ with more economic power and looking at the American vs Russian ways of war with WW2 where the US rallying its massive economic power and more educated population to build a global power with an even larger military while the Soviets/Russians ended the war with a nearly as large but far less capable military. Throwing money or men at a problem can both fix it but if you gave money to throw then you lose your money but leave with some men whereas if you have no money you lose men. Money gives you a lot of options.
Also the ones who can repair it, supply the spare parts and have the expertise to get the machinery running in the cold are in large parts western experts.
Getting those oil wells and pipelines and such that stopped even for a day running again is questionable. The reason why they didn't reduce the energy they got to sell was because once a facility is stopped in the russian winter it might never be operational again and even if it is the production would most likely be reduced forever due to cold damage.
@arthas640 Money does help if it gets to where it is needed. When the vast majority of Russian money earmarked for the military is siphoned off to yachts , luxury cars and mansions in the west, and Cyprus back accounts, the only thing you have is throwing men to slaughter. But don't think that the oligarchy is Russian exclusive. We have that in the US. Boeing is a classic example of that.
For Russia to have Dutch disease it would have to have something nice in the first place! 😂
i mean, everyone likes oil
They have oil, gas and a bunch of natural resources. The global economy LOVES all that
@@SirCrow42 Do the "Just Stop Oil" idiots like oil?
@@pabloortiz2220 One of the reasons for the invasion of Ukraine is that they also have natural resources which Russia wanted to take control of. Didn't quite work out for them, though.
P.S. The CCP is DOOMED ,it will fall in our lifetime !! The CCP has ZERO ability to fix all the problems it has created,
Could not happen to nicer people...
to be fair, most Russians actually are very nice people... they just got lulled into complacency with a comfortable enough life and other issues didnt affect them personally...
The nice ruZZians left ruZZia...
@@alexrompen805 The whole country seems corrupt from top to bottom. Those at the top, were simply better at playing the game of bribery and coercion.
@VajrahahaShunyata ...and the smart and good looking
This concept only matters if Russia isn't willing to utterly impoverish its people. Anyone who knows Russia knows that the people of Moscow and St. Petersburg are the only thing that matters to the Kremlin.
You can't employ people so poor they can't learn.
@@JoshSweetvale you don't know know the history of Russia. They've been trying to take over and genocide remote parts of their territory ever since they conquered it.
@@JoshSweetvale We're about to see what that looks like.
@@JoshSweetvalethey can be employed as cannon-fodder
You're right,...most of russia is impoverished, it's like a third world country...
The Dutch Do it 10000 times better then Russia.
Try a billion
@@Sjaak_bnot enough 😅
True. But there are things at the bottom of the ocean who do it better than than Russians.
Since the Dutch were effectively the first true capitalist state starting in the 17th century, they were also pretty much the first ones to discover the pitfalls that come with it, hence lots of them being named after them.
That would look good on a tee shirt
Russia has no long term future.
Ukraine has.
UK
Cry about it
@@minimal8187 What a meaningless reply. 🙄
@minimal8187 exactly what russia does every day 3 years into this 3 day war... cry.
@@minimal8187How old are you son ?
It does have. a long term past, however.
You mentioned the Russian "brain drain", though you low-balled the exodus figure, but you failed to mention that the Russian demographic collapse has been ongoing for 30+ years. There are approximately 3 to 1 deaths to births in Russia, and that has been ongoing since the Soviet collapse, and on top of that, men are dying at nearly twice the rate of women because of endemic alcoholism in Russian society.
The society needs to be reformed over there at all costs
China has a well known, female shortage and the CCP, is acutely aware of the growing female surplus to the north. The Chinese are also looking to fix their demographic decline. They're looking north.
Also meat wave tactics in Ukraine.
@@Mac-el6rm Meanwhile, their southern neighbour has a female shortage and is also experiencing demographic decline. All the more reason, to look for northern solutions.
I’ll drink to that ………….🥃
Bad government policies is the primary problem, Norway has 1,8 trillion dollars in their fund for surplus money 5,3 million people and nr 2 in GDP nominal, they are not doing bad at all.
Norway had the benefit of being a fully functional economy before discovering oil, it meant they could keep the money and invest it instead of being totally reliant on it
@@kleptokiller Besides unlike the British government in the 1980s, Norwegians didn't use the oil revenue to cut the taxes but it saved for a fund.
Norway is one of the least corrupt countries in the world. Russia one of the most corrupt countries. Critical difference.
True… but things change quickly for anyone.
The Saudis of the Arctic
Keep us Dutch out of it, darn it🇳🇱🇺🇦
😂😂😂🎉🎉🎉
"Keep the Dutch out of your mouth!"
I laughed at this loll
I had thought that the origin of "the Dutch Disease" was the "Tulip Boom and Bust." I thought that the outrageous boom and subsequent bust in prices of the prized tulips had caused severe distortions in the domestic economy and trade. That may not be entirely correct, since cheese exports soon filled the gap in trade profits. Greetings from the former Netherlands Colony of Nieuw Nederland currently New York and New Jersey.
@@JMM33RanMA I thought the Dutch disease was what you got when you smoked too much weed and visited the red-light district.🤣
SLAVA UKRAINE 🇺🇦 Praying for Everyone Always GOD BLESS
Philadelphia USA 🇺🇸 Nostrovia
Why does Russia insists in being a bully , it’s psychological
Communism. They always want what they don’t have so they always try to take it from someone else.
The mongols might not be a great empire anymore, but their memory lives on in the Russian leadership.
@@LCCWPresents Indeed. Everything about them is just horde 2.0
Russia is like that part of any family who just end up ruining it for everyone else
History. Unlike other nations who had overseas colonies, Russia expanded by land. Loss of land is not just loss of pride, but a security threat in their eyes.
GDP growth is a false comparison...military economy in Russia is non sustainable...heavy reliance on energy exports will suffer...
Exactly
Agreed. See Peru’s recent video about the Russian war economy. Unless there’s high demand for 1950’s tank exports, Russia’s wartime manufacturing won’t exactly be in high demand.
The only thing that enables Russia to carry on fighting the war is for it to keep using up vast amounts of military equipment that Russia took 80 years to accumulate.
Any company that was using up so much inventory so quickly would report a huge loss on its financial statements.
But companies and militaries can't do that forever.
By next summer Russia will have used up all of its stored military equipment in decent condition and will find itself with serious equipment shortages and if the war continues until the summer of 2026 Russia will have used up all of its stored military equipment in poor condition and very possibly simply won't be able to continue fighting the war,
especially as given the rate at which it is losing troops the Russian military will have very few troops left to fight the war by the summer of 2026 if not earlier.
Even before 2022, the oil & gas industry was only 9% of revenues. Agri and many other commodities make it diverse yet commodities focused supplier. It is transitioning and it is a challenge to see how fast manufacturing will increase and reach foreign markets.
I even have this personal joke about GDP. It also grows when a rich person found a way get richer faster
This is a type of Country that 2 % of the Population are Richer than anybody on Earth. But the rest.. are struggle each day to survive.
Aristocrats and peasants, nothing has changed
Like the USA...😂
Dude just described North America LOL
@@richardstoteler1951Try again troll😂
@andreranch6161 not even close, imagine the wealth disparity of both north and south Americans and then triple it. You either work in a Soviet era mine or are a peasant farmer using plow horses and 60 year old tractors. Nothing like the America's or the EU
Besides vodka, weapons, oil and gas, what does Russia have that the world values? Oil and gas sales are already seriously impacted by the war. Many of their weapons systems are proving to be less than adequate and sales will suffer if they're not already. To top it off, in our country, some liqueur stores are no longer selling Russian alcohol products. The economic situation in Russia is about to get much worse so if they're suffering from Dutch Disease, I'm assuming the effects will accelerate dramatically in the coming months & years. There is no going back from this.
We already know that this could have destroyed the Russian attack on Ukraine but what wasn’t mentioned in this was Saudi Arabia’s refusal to increase its own oil production to previous supply levels that would have frozen Russia out of the oil sector more completely. Also not mentioned is the fact that many European nations are still using Russian oil, including the UK, though it is bought as crude oil by India and then purchased as Indian oil after being refined there. Saudi Arabia refused to change production rates because they knew this would force a rise in costs. Since the outbreak of the full invasion, oil companies have each seen record profits whilst simultaneously passing increased costs on to end customers with the excuse that the war is causing higher transport costs. The world is controlled by corporate greed and governments unwilling to stand up to that for fear of being accused of excessive interference or called communist.
Are you not greedy by wanting lower fuel prices?
@@MrCarlGW What makes you think I’ve ever asked for lower fuel prices? It’s not about lowering prices, simply that maintaining those prices that already see company leaders earn hundreds of millions is perfectly reasonable since they’d be receiving the same profit on every barrel produced as they already were, profits that were already in the multiple billions. The only reason to restrict the flow of oil for these companies is to artificially inflate prices, but such inflated prices mean there is less money for the vast majority of people left over to spend on more than necessities which significantly reduces the post-inflation GDP of every nation affected by this, which is the entire world. It’s not greed to want a world where people are not living below the poverty line, many of whom are working in industries where the average full time wage doesn’t pay them in a decade what the CEO makes in a year. Such a system consistently increases the divide further between that top 1% and those who barely scrape by and in an industry that can impact the entire global economy, it cannot remain sustainable. Meanwhile, using that same industry to fill the gap that would be created by sanctioning Russian oil and gas and cutting off Russias ability to finance this war could have saved hundreds of thousands of lives. I don’t think it’s greedy to wish for that either. It’s simply caring about the lives of the people put into these situations as a result of the actions of a few and the inaction of those in a position to actually make a difference.
Money is just a means to an end. I don’t have much but I share what I have with those who need it because I don’t want others to suffer. I don’t believe in the supernatural so it’s not like I have any expectations of some kind of after death reward. I just don’t see the need to increase the prices for everyone in the world just to profit a tiny selection of people who can already afford to live off the interest their accounts make them without ever decreasing their base amount of money whilst running companies that pay little to no tax. What’s more important? The millions one person makes or the millions of people who struggle to survive because they were already on a very basic income and now many of whom are forced into wars that only the ones in a position of perceived power actually wanted, all because of something that ultimately leads back to money. Throughout history there have only been a few reasons for war. An individual’s power gain, individual financial gain, and religion. When those who could influence such a situation sit back and do nothing but add to their own banks accounts, they are just as complicit in the destruction as those who decided to start the war.
Lest hope they are less resilient compared to the Dutch.. Netherlands is still one of the strongest economies in the world
Easy bet that they’re less resilient. Netherlands is the exception.
The Netherlands saw the problems in the 1970ies and reacted professionally.
*presses x to doubt.*
El 2 porciento son Los amiguitos del dictador
Mark Rutte would say “gaaf land!”
I'm not sure. I've heard all sorts of stories about China's rapidly declining economy, especially where Western companies have pulled out due to the ongoing oppression of the CCP having a negative effect at all levels of public life. It is possible that China might end up unable to continue to contribute towards the Russian war effort or their economic growth if China's own situation declines too far.
Negative population growth has been a problem for developed nations for many many decades now.
Germany had an immigration policy in the late 90's/early 2000's to allow specialist employees to enter Germany as a potential resident and a future citizen.
The more advanced a city is results in housing demands that results in high rent. High costs push workers out. A lack of workers increase prices on products.
It becomes a never ending downward spiral.
The heads of industry and society make huge profits while the working class cannot afford the costs to live in such cities.
Ithink the main difference is that the “Dutch disease” in Russia is much worse due to the mass exodus it had when so many of its’ best, most intelligent people fled conscription…
Add in that, the original “Dutch disease” wasn’t also facing a general population decline, and Russia’s version is even more pronounced.
Also 300k soldiers dead.
@@MarcoBonechi Much more!
@@MrMenefrego1 True
True. When your best and brightest leaves what's left.
Putin has caused a lot of problems for himself by his ill advised invasion of Ukraine. Much like the USA with its war in Vietnam led by LBJ. He might have an "accident".
I was born in late 80s and by the time i learned about "ussr", i always wonder where it is..
Now i want my future kids to wonder, "where is russia"?? 😂😂😂😂
The thing is it won't exist anymore dude
People have been asking that for 350 years.
89 year born in Ussr. I from russia and want the same
I'd expect Russia to have an economic collapse. But given that the population in general are used to an authoritarian regime it'll probably go back to one autocratic leader or another of some kind.
It'll take generations to change that.
Just think about what a country with Russia’s advantages could do if it had an honest and enlightened government.
Same with Venezuela
@@kimhorton6109 They will never have an honest government because they are, more than most cultures, out for #1. They don’t care about their communities. Just themselves. It’s their culture.
Australia headed this way with our reliance on mining. Though we do grow a lot of food and welcome tourists 😊
Our governments (of both kinds) didn't support our manufacturing sector, and so it moved to China and its cheap labour.
Imagine if all that iron ore we sell at prices that look like we just want it gone, were being processed into good steel products here in Australia. If China wants sheet metal for consumer goods and rebar for highrise apartment buildings, we could sell them sheet metal and rebar, not ore.
But both sides of government are more interested in getting rid of iron ore at fire sale prices than actually getting value out of our resources.
@@gerryhouska2859now ccp labor will dry up
Forcing all of that to either return home (which will happen regardless) or go to Africa and the latter is only temporary
The "secret" is to maintain a ballance.
And wine! 🍷 🙏
There are a couple of other factors as well. Mandatory Conscription will steal a large number of skilled industrial laborers who it will take time to replace. Another thing is that attacks on Russian oil sites will begin to take its toll on worker machinery and transportation. Then there is the ever increasing cost of pensions and benefits for the wounded and dead.
I noticed that one of the industrial settings shown is actually in Trona, California. I understand the use of stock footage, but you should at least select footage of the countries you're reporting on. The footage begins at about the 3:30 mark and is at a site that I've worked at for over 45 years. We are currently owned by an Indian company called Nirma. Our company is called Searles Valley Minerals after the dry lake where we extract minerals. The lake bed is named after John Searles.
I was born in Trona in 1950. At the borax company dispensary. At 74 years old I wonder if I'm one of the last actually born on site?
Did anybody else notice that in the picture of the Dutch gas boom (at 4:19) there is, at the far right, an empty suit with no head standing there?! It's a disheveled, bad fitting suit, again, WITH NO HEAD!!!! How bizarre!
Wow, no I didn't. Great Point. Disturbing and Freaky.
Strange. Could be AI.
Australia may have caught the Dutch Disease with falling exports to China with iron ore and coal at the neglect of developing other commercial activities.
Right now, there's a different "Dutch disease" going on in the Netherlands, with ASML growing so significantly, that it also manages to claim a lot of investments (mostly from the government) that otherwise would've gone to other sectors/industries.
Other industries are suffering because of it.
Russia have only one possible customer for all it's energy products and that is Europe. China wants to be self-sufficient and doesn't want to tie themselves to Russia. And it really doesn't matter how hard Russia begs, China keep saying no for that second gas pipe line, they don't even use the one they already have fully, maybe just 50 percent capacity. They simply don't need Russia at all. And then there is India, well only reason for them to buy anything from Russia is if the get everything very very cheap, middle eastern oil countries are a lot closer and that itself saves money.
Russian collapse would be sad only because of how much it would hurt the Russian people, that have NO say in what the country does.. I feel for those people.. not their governing body, esp Putin..
They could easily fight back. They choose not to.
@@arpeggioblues5924 yeah I get what your saying, especially when you have friends these like I do.
"It takes one bad apple to spoil the batch"
Sorry the Russian people have all the say, they choose to have a Tsar.
We know that the Russians know how to overthrow a government the fact that they don’t shows that they like what’s happening to them. I think in this case it’s perfectly OK to blame the victims here because they could easily not be a victim if they actually put forth some effort.
@@user-go4vz2ir6r This. They saw what was happening but elected him again and again.
Netherlands is one of the richest countries in the world. It has a diverse and strong economy. It also has some very large companies. Techgiant ASML for example. Russia is a dirty gas station disguised as country.
Oh, and dictators don't placate to other dictators, because they're,...well dictators. 🙂
The Netherlands successfully diversified their economy. The most known Dutch exports nowadays are Tulips, Storm surge systems and Urban city design RUclipsrs.
No.
Those Taiwanese semiconductors?
We build the machines that build tech components.
And keep them out of the hands of China.
I would add that Russia is the Dutch oven of countries
Fueled by Dutch courage.. (why can't we have some nice sayings about our country..?)
Interesting! 😉
About the Russian economy: see WW1 and WW2. One took 4 years, the other 6 years to mostly de-industrialize Germany. How long would it take the Russian-Ukrainian conflict take? 8 years? 10 years? More? Difficult to predict.
Another factor: India will not turn against Russia. The Soviet Union helped India against Pakistan. This will not be forgotten soon.
For how untill the situation gets to the point where India will
Have to turn on Russia
This reminds me of Nigeria. Vast oil reserve, however they had the benefit of a very corrupt government, to truly wreck their economy.
russian gas export to the EU is actually higher now than 2 years ago.. So much for the EU backing away from Russian gas.. Disgraceful..
What's your source?
Doesn't sound true when Nordstream is off.
1:44 "The Russian economy is growing"......according to Russia 🙄
It is. But it's basicly a fake way of growing. The only reason it grows is because russia is putting so much money into its war economy. All other sectors are slowly being destroyed. If the war stops. Russia got a economy pure on oil and gas revenues. Expertise and all other sectors in the industry are being destroyed. All people in all those other sectors most likely will lose their jobs. Company's in Russia no longer can compete with the rest of the world. There products will be old and in lack of qualty. so because russia spend and give so much money to soldiers and company's supporting the war. the economy is in this situation. the moment there is no war, russia will collapse.
... and the IMF....
Burning through reserves isn't growth
Apparently Russians are not to happy about the Chinese tofu cars.
The Military Show is just that: A show.
A.K.A: Theater, playing fiction.
For everyone else who doesn’t have time for this slow ass video to get to the fucking point:
What is Dutch Disease? Dutch disease is a concept that describes an economic phenomenon where the rapid development of one sector of the economy (particularly natural resources) precipitates a decline in other sectors. It is also often characterized by a substantial appreciation of the domestic currency.
About four minutes in; The thing about growth is, it is not inherently good or bad, it just is. It can be bad if the growth is unsustainable in the long term and it can be bad if an economy grows beyond a sustainable level (which is why crashes happen). It can be good if there is plenty of space for an economy to grow into. The EU may not be growing as fast but it already a much larger economy, too much growth and it can grow beyond sustainable levels which would lead to an economic crash. Russia (trying to stay on topic after writing the paragraph below) shows how growth can be bad. Sure they are growing but that is coming from one industry. This war has shown how shitty Russian manufacturing is and Russia doesn't have nearly as much of their economy invested in the tech industry as Europe, China (which itself is dying), and the US has. When that oil industry stops making as much money, Russia is fucked. Instead of taking the profits from that oil and investing them in education, manufacturing, and technology they give it to a bunch of oligarchs and then Putin starts a war Russia can't win. So Russia is fucked, hard.
The belief that growth is good in the philosophies and religions of economics come from the fact that for a long time there was plenty of economic space and that economic space was growing as populations grew and technology advanced. However there are natural limits to population growth, and rapid technological growth can't last forever. For example aerospace technology: between 1903 and 1969 humans went from a plane that barely got off the ground to landing on the moon, since then aerospace technology has advance but not at the leaps and bounds it did on those 66 years. Computing technology is the technology that has been advancing quickly but that can't last forever and we are closer to the top of the s-curve than most are willing to believe.
In a hypothetical small cowboy town; gold is easy to find and plentiful. It is easier/more economically inclined to just mine the gold instead of herding cattle, being a doctor, saloon owner or anything else. What happens when the town sheriff, doctor and general stores are not doing those jobs? They'd all rather be getting rich mining gold rather than at their post. At first things are great, but when people start dropping from illnesses or lawlessness, things go bad quickly.
1:47 the Russian economy is not growing. The GDP figure includes money wasted on warfare, which does nothing to increase their standard of living.
I suspect the figure given is that supplied by Russia…hmmm
We ultimately keep hearing about imminent problems for Russia but they keep failing to materialise. I really hope it comes soon as, unless everyone is willing to maintain the sanctions after the Ukraine war is resolved, Russia simply has to survive long enough to get to the end of the war and for everyone to then forget again why the sanctions were put in place.
@@ragerancher Sanctions won’t be lifted till reparations are well under way and they have given up all nuclear weapons.
Thank you for the really interesting video!
Russia alone fighting with 30 countries that not a joke
If the 30 countries you mentioned would send their armies and switch to war economy, russia would be OBLITERATED
Also, russia is helped în various ways
China, Iran, North Korea, Belarus, Hothies, Hamas, Hezbollah...
Russia is not fighting with anyone. Its dictator is using young Russian men to bolster his ego and die in Ukraine.
@@global.citizens I dont know if NATO citizens will even want to fight Russia, after all they existence are not in danger, high standard, enjoy in freedom, travel around a world, so its question are why will they put all in danger to go and attack russia? All NATO states have professional armies and they are limited in numbers, and to invade and attack Russia will definitely give Putin huge support from Russian citizens who will then even more volunteer to defend they own country, and from other side i dont see that will NATO citizens will volunteer to join in invasion of Russia. Napoleon in hes time had huge army 600k and he dont defeat russia,, also Nazi Germany build massive army 3.8 milion and still not defeat russia, simple anyone who attack Russia he need to know that civilians will turn against attackers.
Welcome to Canada. Been like that here for the last 20 years.
Switching to a war economy gives you happy numbers for the the short term.
Thanks for this explaining video. I have enjoyed this video.
Russia came out of the Coof with minimal economic damage because they basically ignored it. It KIA older people and put a few younger people out of work for a few weeks. But overall the economy was not affected.
The West went completely over the top with state funded lockdowns and an economy that simply stalled. Restarting the country just hasn’t happened at anything like a reasonable rate.
Man, listening to you explain Russia's situation is like having a medical condition. Taking meds that has 6 different side effects which are far worse than the actual med condition itself.
This channel does not know much about economics, Dutch desease is about strong currency that is biting other sectors in export. This is not the case in Russia.
Russia has a Resource Curse, not Dutch Disease.
do u live in a communist country?
Agreed. Russia is currently more like a command economy, with food, fuel and military industry keeping the army going, and with enough to feed civilians and keep them and the nonmilitary sector ticking over. Russian self-sufficiency means that the normal laws of a country in the global trading community need not apply.
No you are the clueless one. The Dutch Disease is exactly what the video describes, the dominance of one sector (most often like in the original case and in Russia, the natural resources sector oil and natural gas)
Wrong. Exporting natural resources creates demand for the local currency, making it stronger. This will increase imports and lower exports.
Superb post & thank you.....
Would have been interesting to talk about the Norwegian efforts to avoid the Dutch Disease by creating a sovereign wealth fund to absorb the largesse and redirect it partially by investing overseas. Russia has/has a similar fund that is being drawn down to pay for their war.
Also wasnt colonial era spain dramatically affected by the rivers of gold and silver flowing from the new world?
It runs as deep and as long as putins reign.
Why in the hell, is the USA importing Russian oil? The USA extra that we export.
It’s based on how the international market worlds. I drill my land to give to your land, to give back to my cities.
many in america don't like biden. But thanks to biden his actions the oil and gas price didn't explode up, so russia would benefit from this. Because Biden sended much oil also coming from the reserve the oil price didn't rise much higher. by doing this biden prevented Russia for getting much more income and he prevented a economic crises for the rest of the world.
Because we all live in a clown world
Because not all oil is equal. There are different qualities of oil and the right mix can make it cheaper to process crude oil to oil products like gasoline or diesel.
There are different kinds of oils that have different enough methods of refining that some countries essentially just swap for the kind they have refineries for.
Fir 2 years I've heard all sorts if speculation about Putin, Russia, i revolts against conscription, coups etc. Not one has come true.
Poor Russian people why people hate him so much I still don’t understand
Putin murdered his competitors for presidency, journalists assassinated, he’s a war monger. The Russian people can’t resist, they’re silenced and blocked from information like we have.
GDP-growth statistics for countries like Russia and China are useless metrics. They mess-up the stats by inflating one aspect that counts towards GDP, namely government spending. Russia has increased government spending due to military spending and this will keep the GDP high, untill they run out of money (a tank doesn't serve a purpose for an economy and takes resources away from the civilian economy). A tank does serve a purpose if it is either have and use it, or fall to an enemy. That is obviously not the case for Russia as the agressor.
Excellent video never heard of the Dutch disease ,very interesting
Need to shut off All Russia's Import's and exports.
the Dutch are an exporting POWERHOUSE compared to Russia. even here in the USA we are incredibly impressed with Dutch efficiency
Turns out management lying is bad for business.
Meanwhile in the UK, the economy is so bad that pensioners are having their winter fuel allotments taken away by a tyrannical government that also throws people in jail for posting memes.
Brexit 🤣😂🤣🤣😂😂
The UK let Vladimir Putin influence their Brexit vote and this is the result.
it's a bot @@GekkeHenkie1313
Torries ruined UK.
And Brexit 😂
Torrie legislation that's jailing those memers ;)
Few countries have managed their petroleum wealth as well as Norway. As a native Albertan, I'm well aware of the pitfalls of an over-reliance on oil in the economy because the oil sector is notoriously boom & bust.
Ah yes, the Dutch Disease. I remember a friend who had lived in the Netherlands telling me about it in the late 70s when I was being enthusiastic about the potential of the UK's North Sea oil. And here we are, still recovering from the dose we caught back then.
This is completely deranged.
Very informative. Thanks
Russia be fighting all the time....need to stop playing....
question. would the u.s.a. care if china invaded russia?
It is not the energy it is the gov't and culture.
we've been saying this for years
And here I was thinking the Dutch disease would be a reference to 1672
The GDP growth includes billions spent on weapons, not real growth
this video makes the economic tension obvious, but also gives an indication of the reasoning behind the war with ukraine. Additional it is also a culture war, with the possibility to gain land and population in ukraine and gives further the ability to connect with russia allies in europe al the way to serbia.
I thought the Dutch disease was going to be about tulips...
Strange choice of photo at 4:09, the guy in the middle looks like he's just thrown a curved weapon, and on the right is a headless person! 😅
Australia has similar issues, although here it arises from ores such as coal and iron ore. Australia's manufacturing sector has been small for many years as a direct result.
A country can be excellent at manufacturing but still suffer from Dutch Disease, because its economy is relatively worse at manufacturing. The country's currency becomes more costly because it's valuable in buying the country's resources. This pushes up the cost for other countries to buy manufactured goods from the resource-rich country, and pushes down the cost for locals to buy imports. This obviously pushes down manufacturing exports and pushes up imports, directly damaging local manufacturers.
This happens entirely independently of any impact on internal resource allocation.
Our nation has a disease too.
This is very interesting. The ripple effects of actions can be hard to predict. I’d be interested to know what the unforeseen ripple effects of exporting manufacturing to countries with cheaper workers are.
I would rather look at maps than pictures of cities
take in to account the failing russian export of rolled steel products. the chinese have been taking about 80% of their market so far.. its about months not years before the downfall now.
currently there are not enough people in russia to fill the workforce. two of three are refusing to have children due to the current state of affairs in russia. combines these factors and pop your popcorn. its close now.
And, don’t forget (allegedly), very little of budgets are actually spent ‘on the ground’. Allegedly siphoned off before getting out of. the department
This is the biggest so what of the century we heard the same story with different services. The economy doesn't work the same way as the US and they can embezzle money from sources not known, face it - you're just repeating yourself at this point.
I am dutch and i think comparing us to the russia is, i dont know, no thank you. And have you ever visited netherlands? It looks the most healthy society and public interface in the whole world. By far.
The Dutch disease is an economic term, the channel didn't make it up. File a complaint to some economy institution maybe to the "World Economic Forum" 😅
Interesting idea, this Dutch Disease. I reckon Australia has a bit of that - in our case it’s the mining industry, esp. coal.
Putin falls into a coma and afterwards wakes up after one year. First thing he does is going to a local Moscow pub to order a beer. He asks the barman: Did we win the war? Barman: Yes we did!
Putin: Yes, I knew it, nazdarowya!
Barman: the beer costs 5 Euro 😂😂😂😂
I thought you meant Putin had caught Dutch Elm Disease!
I thought..well fancy that :-)
Kinda odd hearing that the US blockading the Strait of Malacca if they tried is the reason that China hasn't invaded Russia yet, I thought it'd be the nukes. The US could just say 'you get a pass for now' and see how that affects the war in Ukraine.
Yes. Russia definitely has the Dutch disease. But not in energy. But in arms manufacturing. Putin’s war economy has stripped workers from other manufacturing and agriculture. The high wages has forced other businesses to increase wages and fuel runaway inflation. And since arms manufactured for use is disposable, it doesn’t
add to the infrastructure. And this is causing a massive drain on Russia’s currency reserves.
Oil exports aren’t paid in rubles. Nobody wants them. They are paid in Yuan and Russia has run out of Yuan to trade for Chinese goods and weapons. Or they’re paid in Dubai dollars. Not rubles.
Up Next: The Helldivers are going to Russia to spread democracy
I think the only people who can stop pooping are the… бабушки
Russia is tethering on a verge of collapse since at least 2014. For the country that was supposed to disintegrate 10 years ago it is doing rather well.
The issue with the notion of Russia stabilizing it's GDP is that is not adjusted for the rampant inflation, when you adjust for inflation the GDP value lost in 2023 alone was 30% and that is despite Russia taking heroic and unsustainable efforts to stabilize their currency.
O.. k... test tomorrow on this segment of the Military Show.
The Dutch disease refers to the Dutch elms disease. That is a tree.
“Dutch disease is an economic term that describes the negative consequences of a country's sudden increase in income.
It can occur when a country experiences a large influx of foreign currency, such as from:
Natural resource discoveries
Foreign assistance
Foreign direct investment
A sharp increase in natural resource prices”
4:16 what the heck is going on with the headless gasman on the far right? He ain't got no head!
Winnie the Pooh is a VERY hungry and greedy bear. Russia is cooked 🤣