A report by Cushman & Wakefield reveals that retail spending by residents of Moscow is more than twice as high as for the rest of the country and fifty percent higher than the national average for Germany or Great Britain.
The reason is simple: Like a vampire, Moscow is slurping the nation’s blood at an alarming rate. Moscow has a stunning concentration of billionaires who spend their wealth at an obscene rate because they know it can be taken away at a moment’s notice by the neo-Soviet regime.
Ordinary Russians have the same attitude. Russians spend a mind-boggling three-quarters of their income on consumer goods, half again as much as their European counterparts. They do so, rather than saving, because they know there is no such thing as “property” in Vladimir Putin’s Russia.
An average Muscovite earns nearly $900 per month (that’s $5.50 per hour) while the average Russian (including the Moscow earnings) takes home less than $700 per month (just $4.40 per hour). Forget about that stunning disparity for a minute, and think about this: An average income like that isn’t nearly enough to rival, much less surpass, Western Europe in consumer spending unless Russia has a huge class of oligarchs who spend virtually everything they earn on consumer goods. Which is exactly what Russia does have, and this oligarchy gets its wealth by stealing it from the people of Russia, hoarding it in Moscow and frittering it away on luxury items (like the tiny giraffes shown in the commercial about them on American TV, for American TV).
And if Russia does have that class of oligarchs earning far more than the national average., it also has a vast class of people earning much, much less than the national average, which is already puny at best. That is life in Vladimir Putin’s Russia.
The similarity of today’s Russia to bygone eras is genuinely disturbing. Then as now, an elite class of super-rich Russian hoarded the nation’s wealth in the capital, watching mirthfully as the vast unwashed population suffered horrific deprivations. The ultimate result of this outrage was the Bolshevik revolution, with even more bloodshed and suffering to follow.
Now, Russia is repeating all the mistakes of the past. Once again it has a corrupt oligarchy, headed by a proud KGB spy who is literally drinking the nation’s blood, and the Russian population meanwhile does not rank in the top 130 nations of the world for life expectancy (but they rank in the top 25 for corruption).
When will the craven people of Russia learn that they are being raped by their own government, when will they stand up for their children’s future? We do not know.