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Robert Yates's avatar

This is easily the best source on this war. In the US, there is very little unbiased news. I look forward to each new Big Serge article.

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Dingusansich's avatar

"Because Ukraine relies on foreign assistance to continue its war, it must constantly be in a performative mode and under pressure to deliver visible successes."

Ukraine reminds me of a business with less-than-entirely-honest managers who personally profit by engineering quarterly results to please Wall Street. The venture began as hyped vaporware with no revenues but lots of buzz and deep-pocketed backing. It’s likely to end as a no-longer-popular brand loaded with debt, asset-stripped, and sold off after massive layoffs. It never had to be sustainable. Insiders just have to know when to get out to walk away rich.

By contrast Russia resembles a business in it for the long haul. It’s making risky, costly investments that nonetheless have a chance to pay off over time. It’s neither out for a quick buck nor dependent on financial gimmickry or nonsensical advertising. Even in a cutthroat market it’s getting a job done. Its competitors once knew how to build things, but that was when "stock" referred to industrial output rather than pieces of paper. After decades of farming out labor to offshore proxies they've forgotten how to develop products themselves, and rather than learn those skills again, they do everything they can think of to wreck the competition.

An inexact analogy, but evocative.

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