Krugman buys into the “group think” that blames Putin’s “macho posturing” over Ukraine for the current financial crisis in Russia, which has resulted from falling oil prices as well as the U.S.-led sanctions punishing Russia for its alleged “aggression” in Ukraine. That puts Krugman in the same camp as the neocons who have pushed the bogus narrative that the megalomaniacal Putin is trying to reconstitute the Russian Empire. The actual facts, however, disprove that narrative. There is another unpleasant reality about Ukraine that Krugman ignores — its neo-Nazi element — apparently not wanting to be out of step with his New York Times colleagues who have studiously looked the other way. More fitting Krugman’s expertise about the dangers of free-market extremism, he might do better looking at the consequences of those strategies on both Russia and Ukraine, where corrupt oligarchs also took power and have now moved to the center of Ukraine’s U.S.-backed regime. And, if Krugman wants some current example of cronyism, he might look at the curious case of Natalie Jaresko, a former U.S. diplomat who parlayed $150 million in U.S. AID funds designed to help Ukraine develop an investment-based economy into a personal fortune and now into the post of Ukraine’s new Finance Minister.
Posted on: Sat, 20 Dec 2014 04:31:48 +0000
Trending Topics
Recently Viewed Topics
© 2015