this post was submitted on 17 Jul 2023
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It matters because the factories and more specifically, the workers who fill them are the ones creating value. Had they pulled out sooner, the result likely would have been the same, the state taking over management.
While I don't particularly care about private property being "repossessed" by the state, especially in an oligarchal capitalist state like Russia where it's not likely to have any large material benefit for the working class, its just funny that liberals throw stuff like this around without any analysis of the situation.
What this pretty much guarantees is that once the sanctions are lifted, no company is going to want to reinvest in any new factories there. You only get to seize the factories once.
You underestimate the allure imperialism has on capital owners.