Hearted Youtube comments on Econ Lessons (@EconLessons) channel.
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I think the russian economy is much worse off than everyone is being led to believe, and the appointment of an economist to this position says "at this point, we're more worried about where we'll be getting our weapons in twelve months than the military trying to overthrow that thing in the Kremlin."
Shoigu is loyal to the point of sycophantic. You NEED that, if you're going to change your constitution to make yourself a tsar, while still pretending that you run a democracy. The coup always comes from the military - unless your inept camping buddy is looking for a job. Slap a couple dozen giant medals on that guy's chest and - bam - you got yourself a Minister of Defense.
...until your economy goes so badly awry that supplying your genocidal war becomes a challenge. At this point, you bring in someone like Belousov, who has architected many of the rf's famous "retroactive voluntary windfall tax-" yada yada yada, they're policies that allow the Kremlin to raid private businesses. It tells us that the need that Belousov serves has superseded the need that Shoigu served - not that either need has necessarily gone away. This is terrible news for the russian economy (well, the private "non-war" economy) in the long term and is a bad indicator for how things are going behind the scenes in the Kremlin.
This happened in response to the passing of military aid for Ukraine by the US, not the (haha) "election" and subsequent coronation of Dobby the Dacha Elf. Two cents, and worth exactly that.
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