Khandelwal remembers the last phone call he had with several talented young workers in Myanmar who had helped administer his surveys. “Things were going great,” he told me. “They had a sense that the next year would be brighter than the previous year. That keeps you investing in your own future.” Many of them were in their twenties and had come of age during an evolving democratic government; they were filled with hopes and aspirations.
The geopolitical situations of Russia and Myanmar are very different, but there are some parallels. On February 24th, Russia launched a full-scale military, and faced a wall of global outrage. Three days later, British Petroleum announced that it was abandoning its stake in the Russian oil giant Rosneft, at a cost to the company of up to twenty-five billion dollars.
“The oil companies acted with such moral outrage that you have to do a triple take,” Jeffrey Sonnenfeld, a dean at the Yale School of Management, said. “Not that they’re mean, nasty people, but you don’t usually see them on the leading edge of social-change movements. They also have such enormous stakes that it wasn’t just perfunctory and flak-driven.
Maybe include the fact that IKEAUSA illegally takes massive amounts of trees from ancient Russian forests.
Great. All that revenue gone. All the more reason they'll have to jack up prices everywhere else.
Losing IKEA would be the deal breaker for me.
Yes and so be it. In the end only the Russians can take up and stand up for their country. Will they be shot by Putin's vassals? Yes. Tortured? Yup. Raped? Many will ... Any better solution? Nope. Three failed revolutions so far ... try again Russia.
Are they sheltering from bombs? Their schools & hospitals being destroyed? Being killed while in line for food? Maybe freezing from lack of heat? The atrocities committed by their government is what they’ve accepted - personal comforts for totalitarianism. (tiny 🎻 plays)
Capitalism has a hard time ignoring autocratic societies, but times up.
Severe repercussions?
Some companies are unfortunately returning, such as Renault, which is resuming operations at its Moscow plant. Shamefully, the money comes first approach of Renault
“Scaling back” isn’t enough. Imagine companies merely scaling back business with Hitler’s Germany? Oh wait…
Apparently with all these sanctions the Russian people are going to suffer an economic crisis for at least 10 to 15 years according to experts. Let's hope it just stays that way and this conflict doesn't escalate to nuclear terms with Mad-Putin
Will you drink Russian Vodka now?
not Koch Industries...shocker.