EDITORIAL: Russia is not Sustainable

EDITORIAL

Russia is not Sustainable

“What became clear from the financial crisis is that Russia is not a sustainable BRIC,” said Mark Leonard, director of the European Council on Foreign Relations.

What makes it so clear that Russia isn’t sustainable?  The Wall Street Journal reports a truly stunning fact:  “After years of rapid economic growth, Russia was hit hard by the crisis. Last year, its economy shrank by 7.9%. That put its economic performance in 206th place out of 213 countries, according to the Central Intelligence Agency.”

That’s right:  Last year, only seven countries on the entire planet performed worse than the one presided over by proud KGB spy Vladimir Putin.

So now, a desperate Russia is attempting to make common cause with the European Union. Good luck with that, Russians.

The Journal reports:  “The EU won’t cozy up to an autocratic power with rampant government corruption, an arbitrary legal system, and scant regard for human rights. Moreover, the suspicion will remain among many in the EU that as soon as oil prices go back up, Russia will start throwing its weight around again.”

Or as Jim O’Neill, the recently named chairman of Goldman Sachs Asset Management, puts it:   “Everybody hates the damn place.  So it takes a lot of bad news for Russia to disappoint.” Reuters says Russia has “near pariah status” among foreign investors.

In other words, Russia has arrogantly burned its bridges in Western Europe whilst terrifying and outraging Eastern Europe, which it seems to have forgotten is part of the EU now.  When oil prices were soaring, Russians acted as if they had built a powerful new society and pulled back from the brink of neo-Soviet failure, yet they had in fact done no such thing.

Vladimir Putin’s  neo-Soviet state is a total failure, an embarrassment to the world community. It is not sustainable.

25 responses to “EDITORIAL: Russia is not Sustainable

  1. @The Journal reports: ”The EU won’t cozy up to an autocratic power with rampant government corruption, an arbitrary legal system, and scant regard for human rights. Moreover, the suspicion will remain among many in the EU that as soon as oil prices go back up, Russia will start throwing its weight around again.”

    That’s except Berlusconi and his ilk.

    • @That’s except Berlusconi and his ilk.

      Think that’s except everybody else except Kaczinsky. Oops, now just except everybody.

  2. Or as Jim O’Neill, the recently named chairman of Goldman Sachs Asset Management, puts it: ”Everybody hates the damn place.
    ———————————
    Everybody hates the place except Obama. “Reset” anybody.

  3. Or as Jim O’Neill, the recently named chairman of Goldman Sachs Asset Management, puts it: ”Everybody hates the damn place.
    ——————————————————————————————-
    Bit rich for Goldman Sachs to be pointing the finger at anyone else. They are hardly whiter than white.

    • I guess Russia would need some more publicity like that.

      I thought everybody hates Abacus, really, and misses the 12BN$ bailout, and is envy of 14BN$ bonuses:)

  4. someone should carpet bomb russia with nuclear weapons.:)

  5. but Russia might respond, my dear..

    • @someone should carpet bomb russia with nuclear weapons.:)

      @but Russia might respond, my dear..

      What is this? 2 trolls trying to outdo each other in “the most stupid comment of the year” competition? Quite lame attempts, but boy, aren’t they trying.

    • AT wrote;
      but Russia might respond, my dear

      comment;

      with bulava rockets and russian NATO forces that includes such military powers as uzbekistan, kyrgyz rep., and armenia….

  6. …as opposed to your always irrelevant 5-screeners, Robert — they might be smarter, but the problem is no one reads them…

  7. Robert, you cannot be so stupid to believe (i) everyone who argues with this at this site works for the government and (ii) that too many people read your 5-screen messages. Point out at least half a dozen substantive comments from either your supporters or opponents to your …”and meanwhile in 10 years ago in Grozny…” posts to LR’s articles about Russian roads or public toilets. I assure you, I HAVE NOTHING TO DO WITH INTELLIGENCE (my wife would often agree with this anyway).

    • @I HAVE NOTHING TO DO WITH INTELLIGENCE

      Oh yes, indeed you have nothing to do with intelligence.

      I always knew you’re a complete idiot, but thanks for admitting it so openly to everyone.

  8. Recently was at meeting with a CEO of my company and he said that Russia was the only market for the company that grew 9% last year, and NA and EEMEA regions falled 12% and 6%. Sure thing, Russia is barely sustainabe.

  9. Dmitry,

    It is true that in times of world calamity the use of hookers and cheap booze goes up, but I never heard of a Russian brothel having a CEO…maybe a mayor or president but not a CEO. You guys really are moving forward with your corporatism!

    • Wal, you are confused… you are talking about Ukraine or Moldova… that’s where the commodities you are talking about are produced and exported all over the world.

      • Oh I don’t know, Russia exports them too.

        After all, if you have worked in Oman, UAE, or even in NZ you will find lots of Russian girls working in the red light districts.

        • Oh really:) So nice to have an informed man here:)

        • And you asked for their actual passports? They all tend to “become” Russian once they get to Oman, UAE and even to NZ.

          • Well, who the hell in US knows there are “Georgians” somewhere far from the US Atlantic coast? It’s always been “Russian” – Russian mafia, Russian diaspora, Russian everything emigrants bring.

            Go to Israel and check yourself. That might be the least “Russian” (in terms of ethnicity) of all diasporas, but to a local, all alims from the post-USSR states are “Russians”.

            And, to Bill Clinton too:)

    • The brothel I’m talking about has actually a turnover of several BN USD. And has a CEO, of course.

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