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The Wealth of Nations
Rich Russians Take a Hit
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  • Observe&Report

    Russian society is being sucked dry by Putin’s parasitical kleptocracy. Anyone want to place bets on whether it will collapse before or after the EU does?

    • Andrew Allison

      Define collapse. Stalin killed almost 20 million Russian civilians to protect himself from Hitler.

      • Observe&Report

        Nothing as dramatic as that. Basically the point when there’s no more money left in the system for Putin and his cronies to steal.

        As for the EU, “disintegration” is probably a better word: the departure of enough member states that the Brussels technocracy ceases to have any real power because there is no longer a meaningful bloc over which to exercise power.

        • Andrew Allison

          Brussels is just as anxious to hang on to its power (and perquisites) as Putin and his cronies, witness the petulance of Junker and Tusk at Brexit. As you point out, the only thing that will kill this monstrosity is enough exits. Whilst there’s a pretty good chance that Italy will abandon the euro next year, it’s firmly attached to the EU (German) teat. Brussels should be worried about France, where Le Pen has promised a referendum if she wins.

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