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Monday, March 24, 2014

Putin's Promises to Newly Occupied Territories

What people in Crimea (and probably the rest of Russia) will be experiencing soon enough...
The Party's Over for Crimea, but the Hangover Will Linger for a Long Time from the New Republic
"[In Georgia] the locals left for Russia to seek work, or sat at home and lived off those who did. Independence, the revellers of 2008 had hoped—just as Simferopol's celebrants do today—would bring not just security but also prosperity. It didn’t, and the euphoria of 2008 has turned very sour."
What this and many other articles suggest is that Putin is an excellent judge of how far he can go with his global competitors -- but profoundly ignorant (or simply indifferent0 about economics.  He not only collects economic boat anchors, he turns what he collects INTO boar anchors given enough time.

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