Putin courting electoral upheaval aka Socialism doesn't work

Posted by  $  blarman 3 months, 2 weeks ago to Economics
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If one looks at the life expectancy and mortality, this situation is actually very similar to that of the United States and illustrates that no matter how one may wish otherwise, the government simply can not afford to provide for one's retirement.
SOURCE URL: https://www.bloomberg.com/news/features/2018-08-27/putin-s-move-to-raise-the-retirement-age-is-angering-russians


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  • Posted by DrZarkov99 3 months, 2 weeks ago
    The worst thing facing Russia is an increase in American energy products, especially natural gas. Putin was looking for his EU gas deal to become a real cash cow, with Russia controlling the price of energy across Europe, but America produces natural gas almost without trying, and looks like it will keep the worldwide price under control with exports.

    If Trump isn't sabotaged by the left, he could really force Russia to pull back from its adventurism. Reducing involvement in foreign wars would enable them a better focus on the needs of their own people. The question is whether they need a new leader to achieve this.
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    • Posted by  $  3 months, 2 weeks ago
      Bingo. What most do not realize is that Russia never recovered from their collapse back in the 1980's. Why? Because it did not effect structural change in their system of government to support a market economy. The names may have changed slightly, but you still have the same system of oligarchs running the nation aided by the enforcers in the Secret Police.

      Those who complain about the 1% in America are blind when they compare that to Russia. Russia has almost zero middle class.
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    • Posted by term2 3 months, 2 weeks ago
      Russia and Germany are basically warlike cultures. Russia would starve its people in order to have money for guns and expansionism. The expansionist part of it allows them to keep the ball rolling while they loot the wealth of the lands they take over.
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  • Posted by  $  mminnick 3 months, 2 weeks ago
    Socialism in any form has not worked very well for any country that tried it. Even the PRC has had to abandon it to some extent.
    Russia faces some of he same problems it faced when runn the USSR . She coundn't solve them then and can't now. Putin's world view is essentially Socialist/Communist and he can't shake it. Both work until you run out of other peoples money. Then they crash.
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    • Posted by term2 3 months, 2 weeks ago
      so what you do is take over other countries and loot them to keep the system going. That was the whole idea of the USSR, and now the russian federation, and also china. One has to wonder about human nature, in that power and control seem to be born or bred into us.
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  • Posted by  $  mshupe 3 months, 2 weeks ago
    The good old war/welfare state central government scam is running out of money. No problem, they'll print more.
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    • Posted by  $  3 months, 2 weeks ago
      Russia does face one major hurdle in that arena: their currency isn't a global currency like the US $ or the EU (or now the Chinese yuan). If they try to inflate their way out of trouble, they'll sink their economy and force another revolution. Their petroleum exports are the only thing keeping them afloat at the moment.
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  • Posted by jetmec 3 months, 2 weeks ago
    It's interesting what your saying, about retirement how ever your forgetting murfeys law! (if something can go wrong it will) if sercomstances arise where you for no reason of your own you end up with no cash for you pension then your left with two choises work till you drop (not for me thanks!) or clame off the state.
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