re: What will Putin's Legacy Be?

I agree with a lot of Scott Adam's points on what will result from Putin's folly.

quote:

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Russia's economic future:

1. Withdrawal of credible accounting firms makes investment in Russian companies too dicey.

2. Insurance companies refuse to insure because of nation-level risk.

3. Russian banking data passes through Chinese bank servers. No one wants that.

4. Uncertainty causes domestic spending to drop.

5. Russian personal net worth plunges to zero.

6. Western buyers of Russian energy surprise the world in how quickly they create substitutes.

7. Russia's energy economy becomes "captured" by China, with all that implies.

8. Inability to import new parts and new technology causes Russian industries to disintegrate.

9. Russian military spending exceeds the economy's capacity to support it, causing regime change.

10. China installs a puppet government in Moscow and turns Russia into a gas station.

11. Russia becomes irrelevant over time as greener technologies dominate.

12. Putin is remembered as the second Russian leader to destroy Russia by prioritizing military over economy.

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Putin is an a-hole and is setting up his people to fail.

The same can be said about the a-hole Joe Biden.

They both deserve each other.