Since the collapse of the USSR investors have flocked to Russia, tempted by the high rates of return and the Alice in Wonderland atmosphere in Moscow, where everything seems possible. But the Russian business community has rather less faith in the future promised them by their government, says Pavel Usanov
In the twentieth century the
west’s boundless determination to extract ripped apart the social,
political and cultural fabric of whole countries. Today, a century’s
worth of price decline has been wiped out in a single decade, without reducing
unprecedented levels of demand.
creative and journalistic ambitions of the BBC are held back by its dogmatic
commitment to an ineffective and unethical funding mechanism. A subscription service
would release creative energy and allow the BBC to fulfil its commitment to public service broadcasting all the better.
British Prime Minister has vowed to negotiate a ‘new settlement’ on Britain and
the EU. In a debate on Europe with
Sir Menzies Campbell, Nigel Farage and Peter Oborne, organised by the Cantor
Index in the City of London on January 9, David Blunkett, Labour MP and former
British Home Secretary (2001 – 2004) outlined his vision.
One way Vladimir Putin has retained his popularity among Russians has been by increasing retirement pensions and other social benefits, and as a result the state pension fund is deep in the red. But as Andrey Zaostrovtsev finds, Putin is more interested in keeping voters sweet than balancing the books (photo: RIA Novosti Agency).
Rape in India, protest in China, manufacturing conferences in Manchester - we find it hard not to think in the categories of "first" and "third" worlds. But look elsewhere for the important differences
The collapse of the USSR replaced the perennial shortages of goods and services with the problem of low incomes and rising prices. Today management is grossly inefficient, but rampant corruption blocks any moves to improve the situation. People complain, but they still vote as they’re told at elections, says Vladimir Gryaznyevich
upgrade of Temelin, a nuclear power station, has become the backdrop of a power
struggle between the Unites States and Russia. Worryingly, a discussion on
Czech energy policy is being silenced by the competition of foreign strategic
Owning a business in Russia today is a hazardous affair: each year thousands of companies close after their owners are accused of ‘economic crimes’ and face either prison or protection payments to government officials. Andrey Zaostrovtsev describes a system reminiscent of an equally lawless period in Russia’s past (photo: RIA Novosti Agency).
The IMF may be quietly ackowledging the failures of stringent fiscal consolidation but much damage has already been done. With over a thousand economists and a wealth of evidence at their disposal a mea culpa is long overdue.
have to establish a world public power representative of all countries and all people within all countries. One cannot
‘think away’ individual countries as powers, or international companies and banks. But we need a countervailing power in the
The first eight years of the last decade were incredibly successful for Russia’s economy, but the crisis of 2008 hit hard and growth remains decidedly sluggish. Dmitry Travin wonders whether the country’s economy will ever be able to regain the Midas touch.
With British Eurosceptics such as Boris
Johnson openly calling for UK withdrawal from the EU, Switzerland has often
been mentioned as the model to follow, for having gained access to the Market
while retaining its national sovereignty and democratic rights. Yet, the Swiss-EU
relationship is not without problems.
The European Central Bank's forecasts misread Europe’s economy three times out of four. And the European Commission, the OECD and the Bundesbank didn't do any better. What is wrong with the mainstream view of how the economy works?
Interestingly the change-over in 1991 is described by many
as the ‘arrival of democracy’, but
there is little perception of improvements and less of having much say in the
way the country is run. And what do they understand by democracy? A question
not only for Albania.
A year is a very long time in politics. Over the past year Russia’s relations with the West have deteriorated, not helped by events in Syria and the Magnitsky Act. A new beginning and a desire to cooperate are essential: not the ‘reset’ button, but completely new software, says Dmitry Trenin
Mainstream politicians have been playing a dangerous
game. It remains unclear to what extent these tactics represent a conscious
attempt to distract those suffering most as a result of the longterm
maladministration of the country. But this constitutes only a small part of the scenario we are investigating here.
Amid nationalist resurgence and severe recession in Hungary, many observers fear that the reforms undertaken by Viktor Orban's government in the cultural sector will severely jeopardize the country's heritage.
OurKingdom’s occasional first-person pieces illuminating lives often
overlooked by mainstream media. This is a report from 'Bernard' to St Petrock’s,
charity helping people who are homeless, or vulnerably housed.
met either of my parents and I don’t know my father’s name. She was a Catholic
from over the border he was a Protestant from Belfast and they chose to give me
up for adoption in Manchester rather than face the respective wrath of their
Lack of cooperation on all sides has left the doors open to
the most extremist financiers from the Arab Gulf countries to force their own
agendas on the brigades they are financing, agendas that have nothing to do
with Syria’s cause of freedom and dignity.
Collusion between the press and politicians
is not confined to western Europe. Central and Eastern European countries are
also plagued by their own mini-Murdochs – and in these more fragile democracies,
they represent an even bigger threat.
What is the meaning of economic liberty? Is there a moral case for the free market? A review of the recent book 'Free Market Fairness' by John Tomasi tackled these questions, introduced here by the editor of the Democratic Wealth series.
Since April of this year, European
citizens can launch a pan-European civic initiative (ECI) to bring a matter to the
Commission and the Parliament. How does it work in practice? Fraternité 2020,
the first ECI ever registered, is a telling example.
The political victory of the City over manufacturing has been a long and cross-party project with significant consequences for our current economic predicament. Robin Ramsay examines the journey from the 70s to the present day.
A motley alliance of socialists,
liberals and conservatives won the 9 December Romanian parliamentary elections.
What they clearly share is profound dislike for the country's once-powerful
president, Traian Basescu, whose five-year mandate continues into 2014. What is
less obvious is how they will govern the country.
In our new 'Eminent Europeans' series, we ask the continent's share of intellectuals - philosophers, artists or scientists - to share their vision of Europe. In the first article, Jan Truszczyński, the European Commission's Director-General for Education, Training, Culture and Youth, explains why the Erasmus programme is one of Europe's biggest achievements.
The International Monetary Fund (IMF) recently
published a working paper arguing for the removal of private bank’s privilege
of creating the national money supply.
The so called ‘full’ or ‘100%’ –reserve reform has a long history – but,
with the Icelandic parliament actively investigating the proposal and little
sign of current reforms rebooting the economy, might its time have come?