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Intro
Purchasing power parity
Wartime economies
Russia's military dilemma
Making the frontline longer
Three groups of soldiers
A trend toward escalation
Engaging the conscripts
Not about military security
Ukraine's goals
An unsustainable way to run an army
Why Greenland is not for sale
Trump has no goals for the war
Bad design can kill: Missile defense and user fatigue
Meat wave tactics work
Taking losses as strategic messaging
Helicopter story
What can happen in year three
Russia's current advantage
Future challenges for Russia's economy
Growing instability in Russia
Russia's advantage is temporary
Ukraine's active defense
Putin's political dilemma
Ukraine will face a conscript army
Budanov's statement
Drivers of inflation
Depleted military stockpiles
Revenge from 2019
They don't have a plan
A security issue for Europe
Trump's wrong assumptions
The strategic paradox
Three problems for Russia
Putin's narrative needs advances
What is Russia's plan for victory?
Meat wave assaults
Russian glide bombs
Where does China fit in?
Two years of war
The optimistic scenario
Ukrainian weaknesses
Russia's war aims
How Russia plays the long game
Strategic bombings
The scenarios for 2024
No Ukrainian offensive
Diversion from Ukraine frontline
Approaching the tipping point
Political will in the West
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