The sanctions are working.

[Milo]

If you know so little about economics that you think a collapse of imports is good news I can’t help you.

For their sake, I truly hope his claim to having taught students economics is just another lie.

If imports are replaced by local production, of similar quality and no higher prices, what is the problem? It will mean more jobs and a higher GDP...

Milo's probably right that you're ineducable, but that answer is that if superior local production were an option, then local producers wouldn't wait for an artificial break in imports to outdo their foreign competitors.

This is intro course stuff.

You are too ignorant to be able to discuss such matters with me. Sometimes investment in a certain area is only done when access to imports have become difficult or impossible. But if the economy is forced to replace imports with local production, local business people will, of course, try and make sure that such local production is as satisfactory to consumers as the former imported goods. A developed country such as Russia, with high level of skills and easy access to resources, may need a period of adaptation but will most certainly be able to produce goods of at least equal quality and price as the previous imports. Could they have done it earlier? Probably, but if the market was adequately supplied from abroad, investors would prefer to direct their investments to other areas. But when the need arises, the productive sector will respond in an adequate manner. And soon people will realize that the impossibility of continuing satisfying demand with imported goods is a blessing, as it generates an opportunity for diversification, creates new jobs, promotes new skills and technologies and contributes to growth.

But you are not educated enough to develop this reasoning on your own, and therefore embarrass yourself with dumb comments...

Russia can’t even make the low end chips for household appliances.

[Sertorio]

If you know so little about economics that you think a collapse of imports is good news I can’t help you.

For their sake, I truly hope his claim to having taught students economics is just another lie.

If imports are replaced by local production, of similar quality and no higher prices, what is the problem? It will mean more jobs and a higher GDP...

Milo's probably right that you're ineducable, but that answer is that if superior local production were an option, then local producers wouldn't wait for an artificial break in imports to outdo their foreign competitors.

This is intro course stuff.

You are too ignorant to be able to discuss such matters with me. Sometimes investment in a certain area is only done when access to imports have become difficult or impossible. But if the economy is forced to replace imports with local production, local business people will, of course, try and make sure that such local production is as satisfactory to consumers as the former imported goods. A developed country such as Russia, with high level of skills and easy access to resources, may need a period of adaptation but will most certainly be able to produce goods of at least equal quality and price as the previous imports. Could they have done it earlier? Probably, but if the market was adequately supplied from abroad, investors would prefer to direct their investments to other areas. But when the need arises, the productive sector will respond in an adequate manner. And soon people will realize that the impossibility of continuing satisfying demand with imported goods is a blessing, as it generates an opportunity for diversification, creates new jobs, promotes new skills and technologies and contributes to growth.

But you are not educated enough to develop this reasoning on your own, and therefore embarrass yourself with dumb comments...

Russia can’t even make the low end chips for household appliances.

If the need arises, they will do it. If Taiwan can do it, Russia can do it. Of course it would take time to develop the necessary technologies, and therefore Russia may prefer to buy them from a country like China, which is already making a major effort to develop chip production.

[Milo]

If you know so little about economics that you think a collapse of imports is good news I can’t help you.

For their sake, I truly hope his claim to having taught students economics is just another lie.

If imports are replaced by local production, of similar quality and no higher prices, what is the problem? It will mean more jobs and a higher GDP...

Milo's probably right that you're ineducable, but that answer is that if superior local production were an option, then local producers wouldn't wait for an artificial break in imports to outdo their foreign competitors.

This is intro course stuff.

You are too ignorant to be able to discuss such matters with me. Sometimes investment in a certain area is only done when access to imports have become difficult or impossible. But if the economy is forced to replace imports with local production, local business people will, of course, try and make sure that such local production is as satisfactory to consumers as the former imported goods. A developed country such as Russia, with high level of skills and easy access to resources, may need a period of adaptation but will most certainly be able to produce goods of at least equal quality and price as the previous imports. Could they have done it earlier? Probably, but if the market was adequately supplied from abroad, investors would prefer to direct their investments to other areas. But when the need arises, the productive sector will respond in an adequate manner. And soon people will realize that the impossibility of continuing satisfying demand with imported goods is a blessing, as it generates an opportunity for diversification, creates new jobs, promotes new skills and technologies and contributes to growth.

But you are not educated enough to develop this reasoning on your own, and therefore embarrass yourself with dumb comments...

Russia can’t even make the low end chips for household appliances.

If the need arises, they will do it. If Taiwan can do it, Russia can do it. Of course it would take time to develop the necessary technologies, and therefore Russia may prefer to buy them from a country like China, which is already making a major effort to develop chip production.

Or maybe they have underinvested in their economy for years, so they have no plant to do it with, the Chinese want to charge them more than they can afford, and all their most skilled workers have fled, so they have nobody qualified?

[SteveFoerster]

You are a jurist. You have no knowledge of economics whatsoever. And you are not up to discussing economics with me. You know so little that I don't even know where to start in order to educate you a bit on the subject.

But you are not educated enough to develop this reasoning on your own, and therefore embarrass yourself with dumb comments...

Jeez, you're projecting so hard that it's a good thing I'm wearing my best pair of sunglasses.

[Sertorio]

You are a jurist. You have no knowledge of economics whatsoever. And you are not up to discussing economics with me. You know so little that I don't even know where to start in order to educate you a bit on the subject.

But you are not educated enough to develop this reasoning on your own, and therefore embarrass yourself with dumb comments...

Jeez, you're projecting so hard that it's a good thing I'm wearing my best pair of sunglasses.

It's difficult to use another language when you keep saying things which do not make sense in economics, and keep underestimating my knowledge of economics, as if you were qualified to pass such judgement.

[Sertorio]

If you know so little about economics that you think a collapse of imports is good news I can’t help you.

For their sake, I truly hope his claim to having taught students economics is just another lie.

If imports are replaced by local production, of similar quality and no higher prices, what is the problem? It will mean more jobs and a higher GDP...

Milo's probably right that you're ineducable, but that answer is that if superior local production were an option, then local producers wouldn't wait for an artificial break in imports to outdo their foreign competitors.

This is intro course stuff.

You are too ignorant to be able to discuss such matters with me. Sometimes investment in a certain area is only done when access to imports have become difficult or impossible. But if the economy is forced to replace imports with local production, local business people will, of course, try and make sure that such local production is as satisfactory to consumers as the former imported goods. A developed country such as Russia, with high level of skills and easy access to resources, may need a period of adaptation but will most certainly be able to produce goods of at least equal quality and price as the previous imports. Could they have done it earlier? Probably, but if the market was adequately supplied from abroad, investors would prefer to direct their investments to other areas. But when the need arises, the productive sector will respond in an adequate manner. And soon people will realize that the impossibility of continuing satisfying demand with imported goods is a blessing, as it generates an opportunity for diversification, creates new jobs, promotes new skills and technologies and contributes to growth.

But you are not educated enough to develop this reasoning on your own, and therefore embarrass yourself with dumb comments...

Russia can’t even make the low end chips for household appliances.

If the need arises, they will do it. If Taiwan can do it, Russia can do it. Of course it would take time to develop the necessary technologies, and therefore Russia may prefer to buy them from a country like China, which is already making a major effort to develop chip production.

Or maybe they have underinvested in their economy for years, so they have no plant to do it with, the Chinese want to charge them more than they can afford, and all their most skilled workers have fled, so they have nobody qualified?

This is so silly that I refuse to answer it...