Bracing For The Era Of Economic Shortage – Analysis – Eurasia Review

By Chan Kung*

The term “shortage” has been banished from mainstream society in the world for at least a few decades. Oftentimes, in the Second World War themed movies, we see emotionless, starving people scavenging for food near the ruins of war, or that they pay high prices for commodities that are in shortage. The dark shadow of shortage has not really gone away. In fact, it is now looming over the world again. One example of shortage happens in Russia, where it is said that there is an instinctive tendency for Russian households to stock up on sugar and buckwheat every time when there is likely to be severe inflation or supply shortages. In 1998, 2008, 2014 and 2020, every economic disaster in Russia has been accompanied by a rush on sugar by the people. Sugar is once again the commodity most difficult to obtain in Russia, following its President Vladimir Putin’s “Special Military Operation” on February 24 this year that completely cut…

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