April 30, 2005 by AK

Mourning Mother Russia David Brooks

Until the 1970s, the Soviet Union, and Russia within it, did not have Big Oil. Its economy, though centrally planned and centered around military industry, was not built around exports of raw goods. It has much degenerated recently. Growth can coincide with economic regress. An tiny blind mole is nonetheless a far more complex organism than a dreadfully strong, stupid alligator.

How many people does Russia need to serve its oil and gas sector? Certainly not 145 million. Therefore, the fewer people live in Russia, the higher its GDP per capita. There’s a perverse logic to this.


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