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Showing posts with label Oligarchs. Show all posts
Showing posts with label Oligarchs. Show all posts

Friday, 8 April 2022

Russian Wealth Inequalities

I make no apologies for leading this weeks posts with yet another story on Russia, because they are simply forcing me to pay attention to them .... but short of yet another horror being inflicted in the Ukraine, or a Ukrainian defeat/Russian withdrawal, then this will be the last Russian post for a while. 

This post is the second about the state of Russia itself,  and the Russian people, where immense wealth and income disparities between the rich, the poor, and the normal population exist ...

Putin's Super Rich Cronies
Putin's Super Rich Cronies

.... that means for instance that the top 1% of the Russian population, control 71% of the nation's wealth.

Sunday, 25 April 2010

Cuba Reforms - First Open Criticism For 50 Yrs

The Cuba reforms are proceeding at a glacial pace, but even so there have been the first rumblings of criticism, with Cardinal Jaime Ortega, the head of the Catholic Church in Cuba saying it is in one of its worst crises in recent times, and that people are openly criticising the socialist system.

Personally if I was Cuba's rulers, I would think that economic reforms should predate any 'political' ones, or else risk a 'Russian' reform i.e. problems of corruption and oligarchs arising before any benefits hit the people.

In other words do a China and get working on introducing a private economy, with some adjustments to ensure countryside not left behind, and to ensure poverty gap doesn't get too big.

It's all very well for the US congress to make an issue of political reforms in Cuba before they will lift the sanctions but do they really want several million Cubans sailing to the US because the economy has collapsed in Cuba?

I doubt whether Pres. Obama could survive the backlash from a 'boat people' invasion ..... so let Cuba manage the change, accept that the political changes will come somewhat later than the economic ones (Cuba isn't China. It can't isolate the communist party from the influence of its neighbours,especially the US with its Cuban diaspora), and play the long game.

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