EDITORIAL: South Korea vs. Russia? D’uh, no-brainer!

EDITORIAL

South Korea vs. Russia? D’uh, no-brainer!

The nation of South Korea has less than 10% the territory and barely one-third the population of Russia.  South Korea has virtually no natural resources, while Russia is flooded with them.  Yet, the tiny Asian nation produces $800 billion in wealth each year according to the CIA, while Russia produces just $1.2 trillion.  That means that on a per capita basis South Korea ranks #40 in the world, while Russia languishes at a pathetic #58.

And that’s just for starters, of course.  South Korean churns out all kinds of desirable consumer products, including a vast array of automobiles, while Russia produces nothing at all that the world wants besides oil and gas.  South Korea is a vibrant democracy, while Russia languishes in the KGB-dominated dictatorship of yesteryear.

So it could hardly surprise any informed intelligent person to learn last week that the investment experts at First Trust had decided to boot Russia out of the so-called “BRIC” conglomeration and replace it with South Korea.  What used to be BRIC is now BICK.  Bye bye, Russia.

All that First Trust is doing, of course, is simply recognizing the reality that we have been documenting here on this blog for more than four years now:  Russia is a economic basket case, unsuitable for comparison to any sophisticated economy from Asia to South America.  Russia is ruled by a proud KGB spy who is totally, utterly unqualified to manage a complex economic system, much less even a quasi-democratic one.

Putin has made ridiculous statements about doubling the Russian GDP, only to see the country’s stock market and currency collapse before his eyes, wholly enslaved by the international price of oil.  He attempted to claim credit for the effects of rising world oil prices he had absolutely nothing to do with, and then he refused to take any blame for the economic collapse which was caused entirely by his misguided squandering of the oil windfall on cold-war posturing rather than economic diversification and national goodl

In short, Putin has not reformed the Russian economy in any significant way. To the contrary, he has left the nation to wallow in the failed ideas of the past while other countries, like even tiny South Korea, have charged past Russia to build juggernaut economies that put Russia’s to shame.  Yet, the benighted fools known as Russian “citizens” continue to laud Putin with praise just as the did the maniacal dictator Josef Stalin, encouraging only more of the same from their clueless KGB strongman.

41 responses to “EDITORIAL: South Korea vs. Russia? D’uh, no-brainer!

  1. First Union had decided to boot Russia out of the so-called “BRIC” conglomeration and replace it with South Korea. What used to be BRIC is now BICK. Bye bye, Russia.

    Now that you are convinced that Russia is no longer in BRIC, and BRIC is now BICK, I hope you will never talk about the no-longer-existing BRIC again.

    LA RUSSOPHOBE RESPONDS:

    You must have learned to “read” in Russia, from underpaid, drunken teachers who couldn’t care less about your education. We did not claim that BRIC no longer existed, we stated that one prestigious financial house had negated it. That’s just the first step, but it is a radically humiliating one for Russia, and it’s not surprising that as a result your only response would be to try to change the subject. Your response is so lame we find it embarassing.

    • And who are actually the “investment experts” at “First Union” to decide? The world trust to all sorts of lousy “investment experts” is very low now. Finally, BRIC itself decides whether it should be BRIC and not SICK or SUCK. Bye bye, “investment experts”.

    • Who in the hell are you jerk boy to tell LR what they can or cannot “talk about”. Irrespective of what you think, the great majority of LR users, find this blog great. You don’t like it? then create your own blog, and see how many sane people will use it. I dare you to, you moronic ape, as the sooner you do it the better for most of us LR users!

      For your information, this publication is part of the “free speech” that is a corner stone of Western civilization. Sooo, unlike the mind, body and soul controlling gangster mafia of your beloved Putin’s ruSSia.

      Moron! don’t abuse your right to free speech. You don’t like it, well than put your sh*tty tail between your legs and high tail it back to your beloved ruSSia and dear daddy mafioso Putin.

      I’m sure that he will use your talents elsewhere, like selling fridges to Eskimo’s.

      • Be patient to Bohdan. You see bydlos aren’t quite human beeings – they appeared on the soil of present Ukraine long before Neanderthals.

        • Ouch wrote;

          Be patient to Bohdan. You see bydlos aren’t quite human beeings – they appeared on the soil of present Ukraine long before Neanderthals.

          comment;
          Hey ouch were did you come from; russkiye govno, v obosranoy rubashkie, golodnye i vanuyshchye – barakhlo praktatye.

          • Dear aaa,

            please learn Russian before speaking (or even writing), I’m urging you! What the hell is “praktatye” or “rubashkie”, vonjuchaja bljad’? Also, what is “russkiye govno”, suka ebanaja, ty gde russkij uchila, mandawoshka sranaja? Please, learn Russian, otherwise I’m really ashamed of you, madam .

            • Hugo C wrote;

              Dear aaa,

              please learn Russian before speaking (or even writing), I’m urging you! What the hell is “praktatye” or “rubashkie”, vonjuchaja bljad’? Also, what is “russkiye govno”, suka ebanaja, ty gde russkij uchila, mandawoshka sranaja? Please, learn Russian, otherwise I’m really ashamed of you, madam .

              comment;

              Nikto kkulturnyi ne goborit na etim sobachym yazykie – on nikomu ne nuzhen.

              • То-есть, миллиону грузин, работающиx в России, не нужен русский язык? Даже если ты чистишь сортиры, тебе нужно изъясняться с окружающими.

        • What ever you do! do be patient to Ouch, humor him but only just to the point of it starting to becoming nauseate. You see Muscali ‘Nashi’ like him are no relation to, nor do they resemble, sane Russian human beings – his kind appeared as a mutation on the soil of present day RuSSia, long after Ukraine and Russia became civilized nations, but had not as yet embraced that murderous and enslaving communism of Lenin, Stalin and now Putin.

      • Thank you for your stupid and irrelevant comments, Bohdan. As you are so angry today, I guess that

        – either during your last 2-mile swim your little pretty wife went away from you with a more sexually talented man (my congratulations to him:-))), well done amigo, I owe you dearly!!!

        or

        – you want to join Western Civilization (WC) right away, but unfortunately, WC is not ready for this event… (I’M so sorry…) Please learn not to fart when leaving Ukraine, and clean your ass not with your finger, but with toilet paper. Anyway, please give a try man, we’ll all support you wholeheartedly!!!

        • Hugo C, you should talk! you, you of all the foul mouthed and lying Muscali baboons.

          Funny how I rattled RTR’s pig’s slop bucket, and you came a running at full pelt, so full of your own Muscali sh*t. In Ukrainian “гімно їд”.

          Point no.1 Your comment, ” Thank you for your stupid and irrelevant comments.” Is your first lie as an intelligent person never, ever thank anyone for their ‘stupid and irrelevant comments’ unless off course they have brain damage, like you do!

          Point no.2 “As you are so angry today”. I never get angry, as once any idiot – just look in the mirror baboon – who gets angry, loses the verbal spar before he even opens his crude “morda”. Got that simpleton!

          Point no.3 “- either during your last 2-mile swim your little pretty wife went away from you with a more sexually talented man (my congratulations to him:-))),” is so full of irrelevant and extreme stupidity that only a foul mouthed Muscal could make it up! Bravo jerk boy! But I wont hold it against you as your mother could not get your real father to drop you in that hole in the outhouse, when you were born, as even she does not know which of her numerous drunk lovers your father was.
          Besides, although I can swim I don’t as the novelty has long worn off, so don’t blame me for your misfortunes. You have used this lame swimming excuse (on someone else) before, so that in itself shows the brain damage you have suffered from your excessive guzzling of your homemade ‘somogonka’ that you excel in. As an after thought! I strongly, in fact very strongly, recommend that you and your buddy RTR partake in a 500 meter swim off the Cape of Good Hope, South Africa. After all, if the Great White, i.e. White Pointer Shark can feast on floating, dead and stinking, whales, I’m sure they will be able to handle you and RTR with no trouble.

          As for your “well done amigo, I owe you dearly!!! Don’t delude yourself with grandeur you Mexican burro, as I wouldn’t be seen dead in your Muscali company. Like it or lump it, but that’s how it stands.

          Point no.4 “- you want to join Western Civilization (WC) right away, but unfortunately, WC is not ready for this event… (I’M so sorry…) IS ANOTHER one of your lying regurgitation’s. I have always and always will be a part of Western Civilization, but you with your dumb brain missed out at birth (AND I’m glad to say that I’m not sorry for you at all!!!)

          Whereas your last sentence, in the last paragraph is so foul and crude that it only deserves to be treated with the utmost contempt that you so richly deserve.

          Gee baboon? if Putin picks Muscali apes like you to spread his message, it just shows what an idiot he really is. No wonder his ruSSia is in such a bad state, and finally

          Point no.5 “we’ll all support you wholeheartedly! What a pathetic lie ‘we’ll all’ – what you and RTR, the two of you are ‘we’ll all’??? Lying again, oops I mean still, baboon. Or is this how they teach in the elite school of Putin’s mafia for budding mafioso?

          Face it ‘Muscali stuckatch’, you are not only apathetic but also a wasted space. And certainly not a true Russian, far, far from it.

  2. “Russia is ruled by a proud KGB spy who is totally, utterly unqualified to manage a complex economic system, much less even a quasi-democratic one.”

    Actually, Putin would be better off if he’d just leave the economy alone. The problem with the current economic thinking in Russia is that it’s still influenced by the old soviet dogmas of central planning and key role of the state in the economy.
    It’s really a shame that the shock therapy of the early 1990’s was for nothing since in the last decade Putin and co have essentially nationalized and/or monopolized all the major sectors of the economy. And yes, they are very bad at managing it

  3. “In short, Putin has not reformed the Russian economy in any significant way. ”
    If anything Putin managed to reverse even those rather modest market economy reforms that were implemented in the 1990’s

    “tiny South Korea, have charged past Russia to build juggernaut economies that put Russia’s to shame. ”

    I would say, that the comparison with South Korea is not entirely fair, after all SE has had a market economy since the 1950’s, sure they’ve had their shares of dictators but economy-wise they had a head start of several decades over Russia. I remember SE being mentioned as one of the Far Eastern Tigers alongside Japan and Singapore as far back as the late 1980’s when Russia was still part of the SU

    “Yet, the benighted fools known as Russian “citizens” continue to laud Putin with praise just as the did the maniacal dictator Josef Stalin, encouraging only more of the same from their clueless KGB strongman.”

    sure the average Russian citizen is not much to write home about, but we’re not that stupid, just look at all the recent marches of protest that among other things demanded that Putin resign immediately. I wouldn’t put much trust in the official approval ratings for Putin that the Russian msm publish. It’s not like we can vote them out of office.

    • [It’s not like we can vote them out of office.]

      Who are ‘you’ and what makes you belive you’re smarter than average ‘benighted fools known as Russian “citizens”? Are you jewish?

      • I believe that the average Russian citizen is smarter than benighted fools, and I just happen to be one of them.
        It’s just when you watch main stream TV here it’s easy to get the impression everybody worships Putin here, I assure you it’s not the case. Truth is a lot of people here were rather puzzled by the reaction to the death of Kachinsky in Poland, if Putin were to die in an accident the vast majority of people here would either not give a hoot or celebrate.

        But that bit about asking me whether I was Jewish, that was a classic one, man. Respect

    • @I would say, that the comparison with South Korea is not entirely fair, after all SE has had a market economy since the 1950’s, sure they’ve had their shares of dictators but economy-wise they had a head start of several decades over Russia. I remember SE being mentioned as one of the Far Eastern Tigers alongside Japan and Singapore as far back as the late 1980’s when Russia was still part of the SU

      But also for a time being even the North Korean (!) economy has been better than theirs. I think even in the early 1960s.

      (Of course there was no widespread starvation etc. in NK yet back then, too.)

  4. “The nation of South Korea has less than 10% the territory and barely one-third the population of Russia.”

    That is correct.

    But actually South Korea has less than 0,6 % the territory of Russia. Territory no gold, no diamonds no oil.

    • Mamma mia, 0,6 % the territory of Russia and 30% of its population! Territory no gold, no diamonds no oil. What an ant hill!

      • You don’t need agricultural land if you have lots of yummy dogs.

        • Russians don’t need agriculture either, they have lots of yummy teenage girls it seems.

          Vermin such as yourself that come from a culture where murdering young girls and eating them is common should not cast aspersions on the eating habits of Koreans.

          • You are confusing Russia with your Maori ancestors, Andrew. In Russia and USA, only sick psychos engage in cannibalism, and they get thrown in jail. In New Zealand, cannibalism is celebrated as a cultural phenomenon on a mass scale:

            http://en.wikipedia.org/wiki/Cannibalism

            As with most lurid tales of native cannibalism, these stories are treated with a great deal of scrutiny, as accusations of cannibalism were often used as justifications for the subjugation or destruction of “savages.” However, there were several well-documented cultures that engaged in regular eating of the dead, such as New Zealand’s Māori. In one infamous 1809 incident, 66 passengers and crew of the ship the Boyd were killed and eaten by Māori on the Whangaroa peninsula, Northland. (See also: Boyd massacre) Cannibalism was already a regular practice in Māori wars.[71] In another instance, on 11 July 1821 warriors from the Ngapuhi tribe killed 2,000 enemies and remained on the battlefield “eating the vanquished until they were driven off by the smell of decaying bodies”.[72] Māori warriors fighting the New Zealand Government in Titokowaru’s War in New Zealand’s North Island in 1868–69 revived ancient rites of cannibalism as part of the radical Hauhau movement of the Pai Marire religion.[73]

            Andrew wrote: “I am certainly not Aryan myself, being a mixture of Irish, Scots, Welsh, English, Maori, Hawaian, and Jewish. As for Maori greetings, you are right, we used to do that at school when practicing cultural awareness.

            Judging from your posts and your expertise on cannibalism, your cultural awareness training must have included all aspects of the proud Maori cultural tradition.

            Of course, as true connoisseurs, your ancestors also loved the “aged meat” practices:

            http://www.heretical.com/cannibal/nzealand.html

            CANNIBALISM IN NEW ZEALAND

            The Children of the Sun
            By W. J. Perry

            The dreadful Maori custom – or at least occasional habit – of exhuming and eating buried human bodies

            • Remember when talking about Maori and cannibalism, you are talking about something that has not happened since the 19th century.

              Cannibalism is seen as one of the great horrors that was (thankfully) erased by the introduction of civilization to the Maori people, by the British, along with Christianity.

              When talking about Russians and cannibalism, you are talking about something that happens regularly to this day.

              But never mind RTR, as usual you show your venal stupidity, but thats ok, we understand you are a typical Russian…..

              • Andrew, with all due respect, when you claim that cannibalism happens in Russia on a regular basis, you are a bit exaggerating, to say the least. As is evidenced by the story posted elsewhere in this blog it happens occasionally(as it does in some other places, notably Germany) but it’s not as commonplace here as one might conclude from reading your posts.

                • By regularly I mean, maybe a few times a year.

                  Compared to other countries in Europe, thats pretty regular.

                  Compared to no know cases in NZ for over a century, thats very regular.

                  It does seem to be a big problem in Russia compared with western democracies, given the simple results of an internet search

                  http://www.google.com/search?hl=en&q=cannibalism++russia&aq=f&aqi=g-c1&aql=&oq=&gs_rfai=

                  One would suspect that this is a result of years of amoral government, and a basic lack of respect for human life that has characterized Russian government and society for a couple of centuries at least.

  5. Francis Smyth-Beresford

    While it’s true Russia’s is a natural resources economy, it’s also true historically that nothing available in a finite amount accepts artificial undervaluing for long. Provided the world continues to rely on a petroleum-based economy, the price of oil will rise again. Consumer confidence in China is driving a great deal of the current contraction.

    When prices climb again, it’s worth noting that South Korea imports all of its oil, is the ninth-largest consumer and fifth largest importer in the world. South Korea currently gets almost all its oil from the Persian Gulf,

    http://www.eia.doe.gov/emeu/cabs/South_Korea/Oil.html

    a historically unstable and volatile area.

    It’s also worth noting that Russia’s global equity market was one of the best performers in the recovery, one ETF gaining nearly 250% since the crash.

    http://seekingalpha.com/article/198692-first-trust-debuts-its-bick-etf-later-russia-hello-korea

    LA RUSSOPHOBE RESPONDS:

    “When prices climb again.”

    How about when they FALL again? Ever heard of Canadian oil shale?

    Russia is a gambling casino, nothing more. You can get rich in a casino. But the chances are, as any intelligent person knows, you won’t.

    • “Russia is a gambling casino, nothing more. You can get rich in a casino. But the chances are, as any intelligent person knows, you won’t.”

      Never believed you’re an intelligent person.

      LA RUSSOPHOBE RESPONDS:

      Did you think we thought you were one? Did you think we cared what you thought of our intelligence? Do you think your comment reveals your intelligence?

      Dude, take a look in the mirror!

      • The difference in intelligence between KR and Francis Smyth-Beresford is startlingly self-evident.

        • So you think the intelligent people are the ones YOU agree with, and the others are stupid.

          What a surprise!

          That is EXACTLY the same attitude that drove the USSR into the dustbin of history. The Politburo thought they were the cleverest folks in the world, and Khrushchev said he’d “bury” the USA. But it didn’t quite turn out that way.

          And now, moron that you are, you want to do the whole thing all over again. Good luck with that!

          BTW, who’s KR?

          • Not at all. My judgment is based purely on the content, not on position. For example, John McCain, Felix, Bohdan and Andrew are all russophobes. And yet it is obvious to see that McCain is a very intelligent man, Felix is a man of average intelligence, Andrew is very unintelligent, and Bohdan needs medical attention.

            One can judge the writer’s intelligence from the manner that they conduct themselves, their logic, the level of thought present in their arguments. If their posts are full of childish ad hominem insults, they put words into my mouth, lack basic logic and/or become vengeful when hearing criticism – you know that you are dealing with a person with the brain and psychological development of a little child.

            Who is KR? Kakaya Raznitza (a russian expression).

            • Well RTR you said If their posts are full of childish ad hominem insults, they put words into my mouth, lack basic logic and/or become vengeful when hearing criticism – you know that you are dealing with a person with the brain and psychological development of a little child.

              Sounds like you are talking about yourself there old chap.

              Well, we all know that hypocrisy is a big part of your personality, so never mind.

  6. Let’s keep in mind there is a South Korea because of Russia. Yet, despite Russia’s attempts to keep the two Koreas from uniting, South Korea still fares better than Russia.
    When Russia is ready to apologise for separating Korea into two countries, for backing the corrupt Kim dynasty, for sending Koreans to gulags and for raping and pillaging on the Korean Peninsula during the war, I’m sure the Koreans will be all ears.
    Another thing- how safe is one in South Korea? I lived there without serious incident. Can Russian journalists say the same?
    Nope.

  7. http://news.yahoo.com/s/ap/20100420/ap_on_re_eu/eu_russia_caucasus_violence_1

    And in South Korea no one is shooting policemen,true????
    It seems,that in some russian regions the police is very disliked by young men

  8. SE like most asian nations is good at making copies of things but lags the western world in abstract creativity, development and innovation. Russia is innovative but hasn’t become competent at making a broad spectrum of products quickly or cheaply…the potential is there…last thing Obama admin would want is competition from a nation rich in natural resources and nuclear weapons to defend it.

    http://www.businessweek.com/globalbiz/content/aug2009/gb20090825_345428.htm

  9. Don Swanson, you make some interesting points. South Korea- by and large- lacks in what you termed abstract creativity, development and innovation but is a free First World nation determined to survive. However, I cannot think of what innovations Russia- as of late- has come up with. It could be possible if Russian intelligentsia laboured under the same conditions as Canada or the US to develop certain things.
    Obama has done his best, I think, to alienate Canada, a nation much closer in proximity and in trade relations and with the resources the US needs. If he knew (or cared) what was best for the US, he would develop better relations with Canada and could leave Russia swinging in the wind.
    Just my thoughts.

  10. First Trust – What is this? A group of people Pindos intensively studied comics about the economy? Soon BRIC summit. Dogs bark, but the caravan moves on.
    For your intellectual development recommend British sources.
    http://www.economist.com/world/international/displaystory.cfm?story_id=15912964

    • According to Wikipedia, First Trust is some commercial bank in Northern Ireland. Evidently, it is one of four biggest banks in all of Belfast:

      http://en.wikipedia.org/wiki/First_Trust_Bank

      First Trust Bank

      First Trust Bank, part of the AIB Group, is a commercial bank in Northern Ireland. The bank is one of the four banks that issues Pound Sterling banknotes in Northern Ireland.

      Northern Ireland is huge: almost 2 million people. So, it is almost as large as the Russian city of Nizhny Novgorod.

      So, being one of 4 top commercial banks in Northern Ireland is huge!

  11. “First Trust is some commercial bank in Northern Ireland”
    I am frighten to death! Its very serious!!!

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