Streetwise Professor

March 1, 2018

Putin: Living Down to Caricature

Filed under: Economics,Politics,Russia — The Professor @ 10:11 am

The old caricature of the Soviet Union–which like most caricatures merely exaggerated a fundamental reality–was that it was “Upper Volta with missiles.”  In his State of the State address today, Vladimir Putin gave ample proof that the caricature applies to contemporary (I won’t say “modern”) Russia as well.

The most memorable part of Putin’s speech was a growling, defiant boast–complete with animation–that Russia had introduced new nuclear missiles that could not be defeated by missile defenses.  He also brandished new cruise missiles (which seem to breach the INF treaty, despite previous Russian claims to the contrary) and a submersible drone carrying a massive nuclear warhead.

The rest of his speech was boilerplate about promising to halve Russia’s impoverished population (an implicit acknowledgement that it had grown in his most recent term), and raising expenditures on infrastructure and health care (which has also suffered greatly in recent years).  Lost in the rhetoric was the Russia has stagnated economically under his rule.  The country is a caught in a double trap: the middle income trap and the resource economy trap.  Further, Putin has no real prospect of escaping either, let alone both.

The speech reveals, I think, that Putin understands all this.  Frankly, he realizes that the only reason Russia matters now is its nuclear arsenal, and the widespread belief that it is willing to use it.  He further realizes that this reality will only grow in the remainder of his political life, as Russia falls further and further behind economically.  So he brandishes his missiles, and mouths platitudes about economic development.  Upper Volta with missiles–and nuclear sub drones!–indeed.

As such, the speech gives a clear foreshadowing of what is in store for post-re-election. International pugnacity combined with domestic political and economic Potemkin villages. The Putin Hamster Wheel keeps spinning.

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  1. saber-rattling right before an election

    what an innovative technique!

    Comment by elmer — March 1, 2018 @ 10:34 am

  2. Roll up, roll up, roll up for the greatest show on earth.

    Upper Volta with rockets versus Mexico with rockets.

    Comment by dearieme — March 1, 2018 @ 11:47 am

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