The key point about wartime economies is that they don’t actually increase quality of life for the people, even if everyone is making a decent salary (by Russia standards anyway).
Public infrastructure in Russia was already struggling before the war, I can only imagine the state it’ll be in in 10 years
The key point about wartime economies is that they don’t actually increase quality of life for the people
That’s debatable dependent on the situation and the timeframe you’re looking at. You’ll usually see an increase in domestic production and consumption as a general by-product of lower unemployment.
However, they are still going to run into the guns vs butter problem. Unless they actually seize Ukraine and extract more wealth from it than they spent acquiring it, their investments into military infrastructure are going to be losses.
The key point about wartime economies is that they don’t actually increase quality of life for the people, even if everyone is making a decent salary (by Russia standards anyway).
Public infrastructure in Russia was already struggling before the war, I can only imagine the state it’ll be in in 10 years
That’s debatable dependent on the situation and the timeframe you’re looking at. You’ll usually see an increase in domestic production and consumption as a general by-product of lower unemployment.
However, they are still going to run into the guns vs butter problem. Unless they actually seize Ukraine and extract more wealth from it than they spent acquiring it, their investments into military infrastructure are going to be losses.