Tag Archives: finance

Some Updates on Russia’s Economy

There is a wide divergence of views on Russia’s economic future. The pessimists project near zero growth (e.g. SWP, Guriev & Zhuravskaya), or even a renewed collapse if Europe goes haywire. The inventor of the BRIC’s concept (and Russia bull) … Continue reading

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In which I criticize Vladimir Putin

I’ve been accused of being a “Russophile cockroach”, an “amoral Putin lackey”, and overall bad guy. Guilty as charged! Yes, I do like Russia and don’t have much good to say about the Western media’s coverage of it. Yes, I don’t … Continue reading

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The Endgame Begins

A year ago I predicted that there will be a “decoupling from the unwinding“, as “emerging markets” by and large ride out the temporary shocks of declining Western demand for their exports (China) and the interruption of Western credit intermediation … Continue reading

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SSR #13: China, The Last Superpower

This is the third of my Sublime Strategic Reports (SSRs) covering global trends, regions, and geopolitics. After two hundred years of global ascendancy, the West is in rapid relative decline to (re)emerging Asia, which is mounting a steady “Great Reconvergence”. Likewise, the legitimacy … Continue reading

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Green Communism

Thesis. The current capitalist-industrial System is incapable of surmounting the limits to growth on planet Earth because markets and technology, today’s salvation gospel, are no deus ex machina to the energy-and-pollution predicament of industrial civilization. Nor is this System in principle … Continue reading

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The Road to Economic Sovereignty

Review of “Kicking Away the Ladder” (H. Chang) Chang, Ha-Joon – Kicking Away the Ladder: Development Strategy in Historical Perspective (2002) Category: economy; history; industrial policy; Rating: 5/5 Summary: Kicking Away the Ladder:How the Economic and Intellectual Histories of Capitalism Have … Continue reading

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Вторая Великая Депрессия

This article is reposted from my LJ blog and summarizes my views on the global economic crisis: its origins, current developments and likely future consequences. I hope to have a more detailed English-language version up soon. 1. Этот кризис очень … Continue reading

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Decoupling from the Unwinding

Three months ago I wrote an extensive analysis of Russia’s economy during the crisis in which I said that although it is going to be damaged by the shutdown of its traditional financing mechanism – cheap credit from the West … Continue reading

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