Source: https://www.rt.com/op-ed/423921-putin-economy-russia-capitalism/
By: Steve Keen is an Australian economist and author. He’s professor and Head of the School of Economics, History and Politics at Kingston University in London. You can support his attempts to build a new economics https://www.patreon.com/ProfSteveKeen.
By: Steve Keen is an Australian economist and author. He’s professor and Head of the School of Economics, History and Politics at Kingston University in London. You can support his attempts to build a new economics https://www.patreon.com/ProfSteveKeen.
Russian President Vladimir Putin is reviled as a "bad
person" in the Western press and by Western politicians. And those
accusations have heightened since the Skripal poisoning incident, which has
been blamed on the Kremlin.
I'm neither going to dispute, nor support that characterization.
Instead, I want to give some background as to why a "bad
person" or "strongman" or, indeed, a
hyper patriot, might have been elected Russia's leader in the first place. In
other words, I want to explain why Putin has pursued certain policies which
have helped to prompt such emotional reactions from many Western analysts.
And elected he was, first in 2000 – when, though the elections were
criticized, they were regarded as broadly democratic. He has since been elected
another three times, though Russia is no longer regarded as a true democracy by
much of the West's media and political establishments.
The Bolshevik Experiment
No story starts yesterday, especially with Russia. The latest date
one should commence with is 1914, when Russia was ruled by a hereditary emperor whose political ineptness helped
lead to the First World War. The many disasters that flowed from WWI led to
Nicholas II's own overthrow in 1917 when, after a bloody civil war, the
Bolshevik faction of the Communist Party led by Vladimir Lenin became Russia's
new leaders.












