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Monday, September 12, 2016

Paul Krugman: Thugs and Kisses

Why are so many Republicans members of "the Putin cult"?:

Thugs and Kisses, by Paul Krugman, NY Times: ...Donald Trump’s effusive praise for Vladimir Putin — which actually reflects a fairly common sentiment on the right — seems to have confused some people..., today’s Russia isn’t Communist, or even leftist; it’s just an authoritarian state, with a cult of personality around its strongman, that showers benefits on an immensely wealthy oligarchy while brutally suppressing opposition and criticism.
And that, of course, is what many on the right admire.
Am I being unfair? Could praise for Russia’s de facto dictator reflect appreciation of his substantive achievements? Well, let’s talk about what the Putin regime has, in fact, accomplished...
Mr. Putin came to power at the end of 1999... Fuels account for more than two-thirds of its exports, manufactures barely a fifth. And oil prices more than tripled between early 1999 and 2000; a few years later they more than tripled again. Then they plunged, and so did the Russian economy, which has done very badly in the past few years.
Mr. Putin would actually have something to boast about if he had managed to diversify Russia’s exports. And this should have been possible: ... But Russia wasn’t going to realize its technology potential under a regime where business success depends mainly on political connections.
So Mr. Putin’s economic management is nothing to write home about. ...
Which brings us back to the significance of the Putin cult, and the way this cult has been eagerly joined by the Republican nominee for president.
There are good reasons to worry about Mr. Trump’s personal connections to the Putin regime (or to oligarchs close to that regime, which is effectively the same thing.) How crucial has Russian money been in sustaining Mr. Trump’s ramshackle business empire? There are hints that it may have been very important indeed, but given Mr. Trump’s secretiveness and his refusal to release his taxes, nobody really knows.
Beyond that, however, admiring Mr. Putin means admiring someone who has contempt for democracy and civil liberties. Or more accurately, it means admiring someone precisely because of that contempt.
When Mr. Trump and others praise Mr. Putin as a “strong leader,” they don’t mean that he has made Russia great again, because he hasn’t. He has accomplished little on the economic front, and his conquests, such as they are, are fairly pitiful. What he has done, however, is crush his domestic rivals: Oppose the Putin regime, and you’re likely to end up imprisoned or dead. Strong!

    Posted by on Monday, September 12, 2016 at 02:50 AM in Economics, Politics | Permalink  Comments (130)


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