• Cowbee [he/they]@lemmy.ml
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    8 hours ago

    The EU has a much larger GDP and a significantly higher defense budget than Russia (about 457 billion USD vs. 146 billion USD in 2024)

    The EU is far more financialized, in terms of gross industrial output the EU is behind the Russian Federation. This is a holdover from their soviet legacy. In terms of real production, Russia succeeds, despite lower GDP, because money stretches much farther in Russia. 1 million USD worth of Russian goods gets you a lot more than 1 million USD in European goods, to make things simple.

    Europe could make up the gap, but it is so dominated by finance capital and energy dependency that this makes it incredibly difficult without adopting socialism.

    Overall, the EU is economically and industrially stronger than Russia

    This is false. The EU is financially stronger than Russia, largely thanks to modern neoimperialism in Africa, but industrially is far behind.

    Since there is a noticable shift of power in the world the EU started to focus more on China and India as trading partners and leave the US who traditionally were European allies.

    Correct, the EU is being demoted from imperial vassal to periphery, and since it would take devastating losses in open conflict with a major power without US backing it has to seek other allies.

    • Catpain Typo@lemmy.world
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      6 hours ago

      Ridiculous Russia have zero people, they’ve lost 2m in manpower. They have a lot of land but in every measure they are less powerful than the EU. They are economically the size of Spain. The EU contains Spain and it’s not even the largest economy. Russian propaganda much?

      • RiverRock@lemmy.ml
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        1 hour ago

        How many times has Russia supposedly been about to collapse? You’d think after the dozenth, people would learn

        • Catpain Typo@lemmy.world
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          20 minutes ago

          Russia has collapsed a bunch in history. Their conquering isolationist history is a failed strategy.

          • RiverRock@lemmy.ml
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            15 minutes ago

            “In history” lol ok, now how many times has the Russian Federation been predicted to collapse in Ukraine, and how many times has it.

            Their

            Who is they? Everyone in Russia? Who are you talking about, you weird nationalist?

      • Cowbee [he/they]@lemmy.ml
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        6 hours ago

        You’re confusing finances with raw industrial power. An 8 USD big mac in Switzerland isn’t 3 times better than a 2.54 USD big mac in Indonesia.