AntonToo
Diamond Member
- Jun 13, 2016
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Given the evidence, it certainly is at the very least "OK". It has improved its economy with Putin since 1999, exponentially, but since you have an irrational ax to grind against Russia and Putin, you refuse to acknowledge its economic achievements.
Free-market shock therapy with its mass privatization of state-owned assets was a complete disaster for Russia and it wasn't until Putin's economic reforms that we saw a marked improvement in Russia's economy.
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Putin's economic strategy since 1999 has been pivotal in transforming Russia's economy, demonstrating the effectiveness of increased state control and strategic planning. This approach starkly contrasts with the neoliberal "shock therapy" policies of the 1990s, which led to economic turmoil and social distress in Russia.
Your mention of Poland and other European countries that also saw dramatic improvements in their economies in the last 33 years only proves my point that mixed economies, with significant state ownership and participation, are more successful and robust than American-style neoliberalism which privatizes every nook and cranny of the economy. leading to gross inequality and an endless series of boom and bust business cycles, requiring massive government bailouts of private companies and state intervention.
- Nationalization of Key Industries: Putin's move to nationalize major industries, particularly the oil industry, stands as a testament to the benefits of state control in critical economic sectors. This nationalization allowed for more strategic resource management, stability in production, and ensured that the profits from these industries could be reinvested into the Russian economy.
- Diversification Beyond Oil: While oil and natural resources remain central to the Russian economy, there's been notable progress in diversifying into other sectors under Putin. The nuclear energy sector is a prime example, with Russia expanding its capabilities and becoming the top exporter of uranium for nuclear plants worldwide. This diversification is a strategic move that reduces reliance on a single commodity and paves the way for a more balanced economy.
- Economic Resilience Against Sanctions: Despite facing economic sanctions from the US and EU, Russia under Putin has shown remarkable resilience. This resilience is a clear indication of the strength and effectiveness of Putin's economic policies. The ability to sustain and grow the economy in the face of external pressures highlights the strategic foresight of increasing state involvement in key sectors.
- Improved Living Standards and Employment: Contrasting sharply with the 1990s, the Putin era has seen significant improvements in living standards, with increased incomes and reduced unemployment. This success is directly attributable to the economic reforms that focused on job creation and wealth redistribution, ensuring that the gains from nationalized industries and economic growth translated into tangible benefits for the Russian populace.
- Challenging Global Economic Structures: Putin's economic policies go beyond national interests, challenging the global economic status quo. The formation of BRICS (Brazil, Russia, India, China, and South Africa) as an alternative economic bloc is a bold step towards challenging American economic hegemony and the centrality of the USD as the world's reserve currency. This move is indicative of Putin's vision of a multipolar world where economic power is more evenly distributed.
Putin's approval ratings in Russia are quite high:
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Putin approval rating Russia 2024 | Statista
Vladimir Putin's popularity level saw a slight increase in February 2024. The vast majority of Russians approved of activities of their country's president.www.statista.com
Your neoliberal, Western imperialist ideas aren't very good and that's why you see Russia as a tyrannical state and ignore all of its achievements in the last 24 years since Putin came to power.
You sound delusional.
A defender of Russian oligarchy and plutocracy, no wonder you sound so delusional.
Only a brain-dead deluded imbecile would defend the laissez-faire, "free-market" shock therapy Russia endured in the 1990s with disastrous consequences and pretend Putin's economic reforms in the last 24 years haven't significantly improved Russia's economy.
Simpleton, what you don’t get is that there are more dimensions to economic results than nationalizing or privatizing something.
If a country is a fundamentally corrupt, autocratic shit hole then it’s economic and social indicators will be badly underperforming no matter how many natural resources it has or what market ideology it adopts.
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