I believe I read that one, and there are many indisputable points in it. But it doesn’t make Putin, Mr. Nationalize All The Oil And Gas In Russia and Mr. The Fall Of The Soviet Union Was The Greatest Geopolitical Catastrophe Of The Twentieth Century, in any way “conservative”.
+I believe I read that one, and there are many indisputable points in it. But it doesnt make Putin, Mr. Nationalize All The Oil And Gas In Russia and Mr. The Fall Of The Soviet Union Was The Greatest Geopolitical Catastrophe Of The Twentieth Century, in any way conservative.>>>>>>>>>>>>>>>>>
Good point. Putin doesn’t make a good Reagan for sure but you have to consider his background. He is pretty conservative for an environment he was born to and his policies are mostly steps in proper direction. He opposes both domestic leftists and Soros. BTW, this “Greatest Geopolitical Catastrophe” quote is picked out of context. Originally it doesn’t sound a bit like a nostalgy for communism.
Imagine, you are a Russian president. How could your policies look like?
Nationalizing their oil and gas industries made sense. In the post USSR era, Russia was being utterly plundered. Factories, real estate, industries like oil and gas were all being privatized by whoever was strong enough to physicall gain possession of them.
In the oil and gas sector, the EU was moving to gain control of the supplies. Most strife surrounding them in the last decade, has revolved around EU efforts to control Russian gas and dictate supply and prices. The EU does not want Russia to be their Saudi Arabia in control of Europes gas. Furthermore, the EU wants to pay in Euros that are printed as needed.
In such a situation, the Russian government confiscated Yukos after a court judgement of massive tax evasion. It was what was best for the country financially, if compared to letting the EU own and run it all for their benefit.
All of this must seem strange to us, who accept as normal that American TARP funds should be propping up british and European banks, and funding Brazilian drilling.
While state ownership of oil and gas is not classically capitalist, it is the norm everywhere else. For example, in the UK, the State owns ALL rights to oil, gas, coal, gold and silver. And you are not drilling for oil anywhere in England unless you buy the rights from the government.