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Showing posts with the label Yeltsin

Jacobin, Topic: Russia Beyond Supervillainy

"In Russia, Vladimir Putin’s evil genius matters less than pressures from the ultrarich, US foreign policy, and the ravages of the neoliberal Yeltsin years" Excerpt: "Wood’s Russia isn’t a reascendant superpower on the march. It’s a relatively weak, isolated nation teetering on the brink of instability and held together by a nationalism that has become newly powerful this decade. Its GDP per capita is around a sixth of the US’s and a quarter of the OECD average, with sluggish growth forecast for the future. Its mortality rate has long outpaced its fertility rate, with its population forecast to plunge in the coming decades. And far from a military threat, its 2015 military budget wasn’t even a tenth of that of NATO’s, let alone that of the US, while more and more of its neighboring states join the Western military alliance and China grows in power on its southern border (though Russia does still possess a huge stockpile of nuclear weapons). Moreover, it’...