More than 50% of Russian imports (from top 40 partners) now stem from China.. In other words. Total reliance
So much for a big economic masterplan
The backstory of every McKinsey study is a manager who refuses to listen to a common sense answer from their employees until it’s repeated by an overpaid recent college grad who just learned about their business last month.
This is a key point, Russia has set in motion a series of energy policy changes that you can’t easily call backsies on even if settlement with Ukraine is reached.
slowboring.com/p/russias-mili…
Robert Farley @drfarls
Researcher was skeptical of the famous study showing that universal daycare in Quebec led to much greater aggression and antisocial behavior in boys.
Did full-scale replication, concluded the results were if anything too small
convivium.ca/articles/dayca…
If you have robust gov. support for science but no market pickup, that doesn’t work (think Soviet Union).
Or if you have pro-market policies but more limited upstream gov. support for innovation, you’ll also underperform (think Poland or Canada) (2/2)
Cc: @Noahpinion @erikbryn
One key difference between Russia and the US is that ~100% of news coverage in Russia is about foreign struggles. Russia vs NATO, terrorists, the US ect. And it’s been this way for 20 years.
The US is the opposite. Everything is viewed as 100% end of history naval gazing.
This is a great illustration of acquiescence bias — if you really want to kick the tires on the popularity of an idea you need to give two competing options to choose from not a binary yes/no.