Russia the Laughingstock of Nations
Already ranked #118 last year out of 183 world nations for placing regulatory obstructions in the path of small business, Russia’s World Bank ranking in that area fell two places this year. Russia, a member of the G-8, is in other words in the bottom third of all world countries in this area. Nicaragua — yes, Nicaragua — is more business friendly than Russia. So, for that matter, is Uganda.
In Russia’s 27-nation region, Eastern Europe and Central Asia, Russia ranks an appalling #24. Only Ukraine, Uzbekistan and Tajikistan are more hostile to small business in terms of legal framework. Georgia, attacked by Russia with tanks and routinely vilified by Russian nationalists as a crazed dictatorship, is #1 in the group. That’s right, #1.
Russia’s lowest ranking in the ten categories that make up the score that determines the rank is for construction permits. Russia ranks dead last in its region in this area. It ranks #22 in issuance of credit and approval of startup paperwork and #23 in customs hostility.
Russia was #160 among all nations in customs hostility last year and fell two places this year, an emphatic confirmation of Russia’s crazed xenophobia. It is #182 in permitting construction, virtually the most difficult place on the planet to build.
These figures are simply appalling, and make no mistake: in this study the World Bank is not judging results, it is only judging the regulatory framework that people face when they try to achieve results. Because of its rampant corruption and incompetence, the results Russia achieves are even worse.
And make no mistake: The consequences of this failure are the destruction of the nation and its people. Russia’s rank for adult lifespan is virtually identical to its ranking for regulatory framework, namely the bottom third of all nations in the world. Russia is a failed state led by an incompetent, unqualified KGB overlord who is rapidly driving the nation towards collapse, just as his Soviet ancestors once did.