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IPFS News Link • Economy - Economics USA

Russia poised to teach US leaders another economic lesson

10-05-10 • Terrence Aym

Putin is rebuilding the house of Russia while the US administration and Congress is building a house of cards. And a flimsy house it is too. In an amazingly Reaganesque move, Putin is steering Russia towards an economic climate that echoes the US environment during the early 1980s: deregulation. Meanwhile, the US trudges onwards towards an economic doomsday and beefs up its command and control structure while preparing to micromanage the economy in a remarkable Kafkaesque reprise of the old Soviet-style 5-year plans.

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Reported By Terrence Aym

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