President Vladimir Putin has set up a twin economic system in Russia. The apolitical part of the economy is subject to the laws of the free market. In parallel to this is the political part of the economy, where large state-owned structures control massive amounts of money flowing into and out of the budget, and is controlled […]
Recently, Moscow Times columnist Yulia Latynina showed how differently the wealthy in the U.S. and Russia use their fortunes. She listed a dozen U.S. robber barons, captains of industry and financiers who founded major universities, libraries and museums. Meanwhile, in Russia, where the number of billionaires is now second only to that of the U.S., the wealthiest mainly buy soccer clubs. Read Here – Moscow Times
Last winter, a wave of mass demonstrations suddenly broke the surface calm of Russian politics. A new middle class, born of the oil-based prosperity of the last decade, took to the streets to voice its opposition to the perceived corruption of the political elite, especially United Russia, the ruling party of then Prime Minister Vladimir […]
looking beyond borders 