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8 mo. ago

  • Russia has an "official" central bank interest rate of 20% with parts of the real economy seizing up due to the country's resources being funneled into creating vehicles that last for a few months before being blown up in their invasion.

    Large countries have a lot of levers they can pull to keep their economies going when they really need to, but they are damaging in the long run and get more damaging the longer they rely on them. Russia doesnt have some magical property of being extra resilient based on slavic tolerance of suffering.

  • I disagree, the climate isnt affected less if a poorer person emits a kilo of co2 than if musk does. It is regressive but it is essential to motivate people to move away from fossil fuels. The solution is to make up for it progressive measures elsewhere (e.g. tilting income and capital taxes to have a heavier burden on the rich).