Conquest Is for Losers (Paul Krugman) from the New York Times
"The point is that what works for a fourth-world warlord is just self-destructive for a nation at America’s level — or even Russia’s. Look at what passes for a Putin success, the seizure of Crimea: Russia may have annexed the peninsula with almost no opposition, but what it got from its triumph was an imploding economy that is in no position to pay tribute, and in fact requires costly aid. Meanwhile, foreign investment in and lending to Russia proper more or less collapsed even before the oil price plunge turned the situation into a full-blown financial crisis. Which brings us to two big questions. First, why did Mr. Putin do something so stupid? Second, why were so many influential people in the United States impressed by and envious of his stupidity?"
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