Comments by "Jake Johnson" (@ElectronFieldPulse) on "Russia's Military - What They Have" video.

Problem is, if you don't utilize the best technology around the world, you will quickly fall behind as Russia has. Their own industries just don't stand up to the combined industrial production of Western nations.
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@andrewhomo2461 - No, it isn't. They are a petrol based economy, which is the sign of a more primitive economy. When the price of oil crashed, their GDP crashed, and it crashed hard. That is something that wouldn't happen in the US. We are the world's largest exporter of energy and when oil crashed, some of our companies and stocks crashed, but it didn't have a huge effect on the GDP because we are a service based economy that doesn't rely on oil to prop us up. Russia is basically a large gas station run by the mafia parading around like a country at thus point. Their GDP is smaller than Italy.
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@andrewhomo2461 - Their GDP crashed when oil prices crashed, so they were married to their oil and gas exports. They have not significantly improved their economy because all of the sanctions and wrong steps by the government. I am not pushing propaganda, that is just the reality of things. They still aren't nearly as competitive in the world market as an advanced country would be. Their GDP per capita is absolutely abysmal, and that has barely changed. It even got worse for a bit after oil prices crashed.
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@andrewhomo2461 - That isn't a good thing. Have you studied economics? Advanced countries transition to service based economies, or knowledge based economies. Mid level or less advanced countries have all of the manufacturing. This is because capital is used as efficiently as possible, and it is cheaper for manufacturing in countries with low wages. Automation will eventually change this, but we aren't there yet. All that says is that Russia couldn't transition to a service based economy and revered to a manufacturing based economy. They didn't have the technological knowledge to move up, which is required in service based economies where knowledge is more valuable than producing things.
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