EDITORIAL
The Pathetic Failure of Putinomics
In the annals of “signs of the Russian economic apocalypse,” we can’t think of many more jolting revelations than the report last week that Aeroflot — yes, Aeroflot — was planning to open a “budget carrier” subsidiary.
Do you dare, dear reader, imagine what it might be like to fly on a version of Aeroflot that openly cut corners? Aeroflot itself is already world famous as one of the cheesiest, most offensive, revolting and dangerous airlines in world history. What will it be like when Aeroflot starts cutting back on services? It’s not something we care to contemplate and as for boarding such a plan, even if bound for Vladivostok from Murmansk in winter, we’d rather walk. Or crawl.
A recent economic analysis of Putin’s Russia by the British website WhatInvestment pulls no punches in echoing the dark warnings of economic doom echoed by Aeroflot’s decision.
Just for starters, it calls the overall Russian economy “shockingly imbalanced.”











