China’s BRI & AIBB – Minus U.S. & Japan

China’s Long-Term Strategy vs The West’s Civil War and Short-Termism While the effectively bankrupt West is tearing itself apart and undermining its society, economy and science, China is not just getting on with it, but forging ahead. A good starting point in understanding what is happening now, with all the…

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Russia’s Dull Heat of the Technological Revolution

I noted in my last blog that Russia had imprisoned hundreds of thousands of entrepreneurs and that it finally needed to start trusting its own people. And lo! President Vladimir Putin’s speech at the annual St. Petersburg International Economic Forum on Friday June 21, 2013, included an admission that under current laws, many would not be in jail at all, talk about…

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Time for Common Sense

On June 18, 2013, President Putin warned that government revenues would be less than previously expected and that the budget policy for 2014-2016 had to be planned accordingly. He also said that while revenues from natural resources were decreasing, financing from other industries was so far limited. In its annual review of the Russian economy, the International Monetary Fund has just…

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