What you don't really take into account is that the Soviets 1) started the war with crap machinery and 2) used a lot of mass assault tactics, because they relied so heavily on levies.
And you may point out the staggering losses, but you do not point out the important factor, in the long run: it worked. Ghastly and bloody as hell, but it worked. The Russians could afford to lost many times as many conscripts as the Elite german armies, who had one hell of a time training new soldiers up to the crack level they had once had.
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