16 September 2008

Bad Foreign Policy Analysis

So now Bloomberg is suggesting that western flight from the Russian markets may drive russia to moderate its position on Georgia.

This is bovine scatology....the people who will flee are the foreign investment banks, and the people who will snap up stuff at depressed prices are Putin supporters, and they will make more money when the money reenters the Russian market, and the net result will be a movement of ownership from transnational corporations to Putin and his cronies.

This is a feature, not a bug.

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