#Russia: The labor shortage, the sanctions regime and the war economy. Michael Bernstam
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 29 November 2023
⏱️ 10 minutes
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Summary
#Russia: The labor shortage, the sanctions regime and the war economy. Michael Bernstam
https://on.ft.com/3Qz2Jj8
1912 BORODINO
Transcript
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| 0:00.0 | This episode is brought to you by Deliverer because anything goes this Christmas. |
| 0:06.0 | Yes, even sprouts on a pizza or gravy on sushi. |
| 0:10.0 | The rules are, there are no rules. Have a cantonese on Christmas Eve or a |
| 0:15.2 | Balty on boxing day and when you're so over the leftovers bring on the ramen |
| 0:20.3 | From big brands to local favorites this Christmas it's all on your doorstep with |
| 0:25.0 | deliver room. Geographical restrictions, T's and C serviceI in the world. I'm John Bachelor. The Russian economy under severe sanctions coming winter in a Ukraine war that does not end for Russia |
| 0:45.0 | the severe casualties. However, there are numbers that are even more |
| 0:49.1 | threatening to the people of Russia. There is a manpower shortage and there's tax evasion. |
| 0:55.2 | To help me tell the story I welcome Michael Bernstein of the Hoover Institution, my guide |
| 1:00.0 | on the Russian economy for some time. |
| 1:02.3 | Michael for the last weeks we've talked about everything for the front, the conversion of all Russian |
| 1:08.6 | industry into the defense industry. |
| 1:10.7 | I told the anecdote of a village, somewhat outside of Moscow where people have their weekend |
| 1:16.0 | dachkis, dachis having been converted from a village where nobody much worked to everybody |
| 1:21.9 | working in a drone factory. |
| 1:24.3 | Apparently this is one small piece of turning the whole economy into a war economy. |
| 1:30.4 | They're desperately short of manpower and there's severe inflation. |
| 1:35.0 | Good evening to you, Michael. |
| 1:37.0 | Good evening to you, and if you sum up the three numbers, |
| 1:42.0 | how many people are employed are how many people are employed how many people are self-employed and |
| 1:46.5 | how many people are in the so-called informal economy that they don't pay taxes |
| 1:51.6 | their number is now higher than the entire population. |
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