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Is Vladimir Putin more American than Obama



January 29, 2009 – Comments (5)

OH MY GOD. I recoiled in horror when I read this.

Vladimir Putin, the de-facto dictator of the ex-Soviet Union, apparently understands free market capitalism, the role of the entrepreneur, the dangers of deficit spending, and the limitation of State power more than our own government, be it Obama or Bush or McCain or Pelosi.

Below is an excerpt of his speech at the Davos World Economic Forum. I have linked to the full text above. The world has officially turned upside down, comrades.

The second possible mistake would be excessive interference into the economic life of the country. And the absolute faith into the all-mightiness of the state.

Of course, the role of the state becomes more direct during crises – it is a natural response to the faults of the market. However, instead of improving market mechanisms there is always a temptation to enlarge the sphere of the immediate interference of the state in the economy.

The flip side of the anti-crisis measures in almost every country is the concentration of the excessive assets in the hands of the state.

During the time of the Soviet Union the role of the state in economy was made absolute, which eventually lead to the total non-competitiveness of the economy. That lesson cost us very dearly. I am sure nobody would want history to repeat itself.

We should also be aware that for during the last months, we have been witnessing the washout of the entrepreneurship spirit. That includes the principle of the personal responsibility -- of a businessman, an investor or a share-holder - for his or her own decisions. There are no grounds to suggest that by putting the responsibility over to the state, one can achieve better results.

Another thing – handling crisis must not turn into financial populism, into rejecting a responsible macro-economic policy. Unreasonable expansion of the budget deficit, accumulation of the national debt -- are as destructive as an adventurous stock market game.


David in Qatar

5 Comments – Post Your Own

#1) On January 29, 2009 at 1:45 PM, BradAllenton (31.87) wrote:

He talks a good game, but the irony in what he is saying is palpable. In plain English, he is full of crap and his actions looking back and forward prove it.

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#2) On January 29, 2009 at 1:46 PM, outoffocus (23.06) wrote:

The saddest part of it all is his words will be disregarded simply because he was the one who said them. America's willful ignorance will be its downfall.  My question is why must they take me down with it?

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#3) On January 29, 2009 at 2:09 PM, BradAllenton (31.87) wrote:

 Outoffocus, I hear you loud and clear on the ignorance thing, but in this case I think Putins record is what damages his


This is the guy who uses gazprom as a political and economical weapon. Then he comes out talking like he is the new Jan Brady. When people talk on a large stage it always makes sense to remember what their motive is.

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#4) On January 29, 2009 at 2:28 PM, russiangambit (28.92) wrote:

Just remember, not everything is black and white. Yes, Putin is a dictator in many ways. It doesn't mean he doesn't understand economics. He is very smart and pragmatic. He does many things to improve the life of russians .

As for democracy, if you visit Russia you will understand that there is pretty unlimited personal freedom of think and say whatever you like. 

However, your freedom is immidiately limited as soon as you do something that touches government. It is not due to the lack of democracy but due to the corruption. Russian government is corrupt up and down, including police and military. If you want to picture it, imagine corrupt and disfunctional government like in India and put on top of it Italian mafia. You'll get pretty accurate picture of russian government.

The only way to push through any change in that kind of environment is through immense and direct power at the top. This is what Putin is doing. However, concentrating so much power on the top disables normal checks and balances of democracy and that is the result.

Unconditiona democracy is not cure for all, as the US seems to believe. There needs to be strong laws and military to support that democracy. Mexico is a democracy, and so is India and now Iraq and Ukraine. One could argue that Russia still is a better place than any of those countries.

In case of russian "democracy", to win the elections one needs a lot of money for campaign and protection. Here in the US the money comes through donors, and then we lament that the president has to support those groups that donated to the campaign. In Russia the money would come from oligarchs, mafia and corrupt entities. Yes, I can see what kind of democractic president they would elect.


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#5) On January 30, 2009 at 7:02 PM, lcoscare (< 20) wrote:

Hi Brad, i don't understand how you can condemn Putin for taking back resources that a few people stole. I wish the US gov't would have spend these billions buying EXXON insteaf of of these fannie and freddie. You could say what you want about Putin, but he puts his country before big business, I can't say that about many US politicians. 

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