Waltzing With Rasputin’s Bears
In the 1980's the soviet economy was in free fall and Gorbachev was trying his best to keep it alive. President Yeltsin expressed great surprise that the Donbass region of Ukraine, the most heavily Russian part of that nation, voted overwhelmingly to break up the USSR. Even the citizens of Belarus were equally emphatic. Poland...
Crony Capitalism Index
A few days ago the Economist updated its Crony Capitalism Index, for the first time since the newspaper brought it out in 2016. The intention of the index was to measure the percentage of the wealth of the billionaires who are citizens of the country concerned expressed as a percentage of that country’s GDP that comes from...
Capitalism over Democracy
Following the collapse of the Soviet Union 30 years ago, American economic advisers convinced Russia’s leaders to focus on economic reforms and put democracy on the backburner – where Putin could easily extinguish it when the time came. This is no trivial historical contingency. Had Russia become a democracy, there would...
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