Все о Путине

Ukraine: an Ender’s game

Updated: American political scene is boring in comparison…

…with Russia’s.  Recently, in addition to summit in Vladivostok, the president attended to endangered species. Putin flew a hand-glider leading white cranes (sterkhi), who were bred in captivity, to their new wild habitat.  Putin was imitating their ‘bird leader,’ and at one point was even supposed to wear a beak.  There are very few birds left, and this effort is supposed to portray the president in a very humanistic light.

The Russian blogosphere, however, is laughing, saying the next thing will be the president leading salmon up the stream to lay eggs or that now in addition to secretary bird, we have ‘president bird.’  It is all very well for them to laugh; I can say that political scene in the U.S. is extremely dull in comparison to this.  You may not get much for your tax money, but at least in Russia, you get entertainment and help white cranes ;-)

But then there were amphorae in Black Sea, tigers, leopards too.  All PR.  I suppose it is a matter of a politician’s preference whether they grow cabbage in DC to promote healthy life style or frolick with leopards to raise awareness of endangered species.

What’s next for Russia?  A remake of Dr. Moreau’s island?


Ну а мы что, хуже стерхов? За Путиным, ребята!   // *

putin flies with cranes: Vladimir Putin takes part in an environmental project


“Нам нужна новая экономика”: Denying protectionism and supporting competition as way forward, Putin still anti-Ricardian and anti-Smithian

The full-text article appeared in Vedomosti in Russian and abridged version in FT, in English.

The gist of Putin’s Russian-style “State of the Union” address is this:  “Готовы ли мы так сильно рисковать будущим России ради чистоты экономической теории?” which loosely translates as, “Are we ready to risk Russia’s future only to satisfy the postulates of [free-market] economic theory?”  Here Putin is defending some steps towards vertical integration and state control that his government exercised in the past.

It is apparent now that “privatize everything” approach does not work in Russia because free market institutions and the rule of law are not there.  However, historically, state control and state sponsored innovation have not produced the long-term growth to which Putin alludes.

Putin emphasizes development of new innovative technology and raising productivity, which echoes the recent rhetoric in the EuroZone.  Meaningless job creation and liquidity injections may only be a short-term solution and just do not make an economy more competitive in the long run.  In other words, G is not a ‘giant’ anymore in the Keynesian Y=G+C+I+NX.   [Although Keynes probably did not envision his legacy to last so long beyond depression, and he did say that we all would be dead in the long run ;-) ]

And, of course, the state should not forget to tax the rich!

As far as the “Russian Silicon Valley”, “Сколково”, that warrants a separate entry….


К портрету Путина…

…Виновны ль мы, коль хрустнет ваш скелет

В тяжелых, нежных наших лапах?

Скифы Блок

Великолепный портрет!  Taken from The Economist (December 2011).


Просьба к будущему президенту

У меня просьба к будущему президенту, перефразируя искандеровского кролика :-)
“Дяинька Путя, медвежатки хоцца…”