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The financial markets certainly disagree with this assessment. The government's credit rating is dropping in free fall, and capital is fleeing the country. The
by bayesianhorse 12y ago
The financial markets certainly disagree with this assessment. The government's credit rating is dropping in free fall, and capital is fleeing the country.
The Russian "government" per se won't run out of money, since there is no clear border between public governance and corporate governance anyway. Essentially the state does what the oligarchs tell it to do, and everyone else does what the government tells them to do. If it weren't for the legendary corruption, this might actually be a powerful system...
In Russia there's not only "some poor". Health services are reported to be almost inaccessible without bribes, and people do behave as if a war or catastrophic inflation is coming.
I also think that Russia had a little something to do with the problems the Ukraine was having over the last few years. In a region renowned for corruption it is hard to tell if Janukowitsch and his friends robbed the country blind with or without outside help...