tag:blogger.com,1999:blog-2761684730989137546.post5113889671922502246..comments2024-03-18T19:09:18.510-04:00Comments on Mike Norman Economics: Alan Gilman — Bill Clinton and Boris Yeltsin: When the White House fixed a Russian electionmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2761684730989137546.post-58796209092337059072017-06-19T09:31:59.631-04:002017-06-19T09:31:59.631-04:00When I was young I always wondered why oil rich co...<i>When I was young I always wondered why oil rich countries did not industrialize. With all those resources they could become hi tech superpowers, I thought. Then I read that if you are a resource country then that messes up the exchange rate for exporting manufactured goods. Now that's odd, it means you're better off having no resources, i.e, being a poor country, and then making yourself rich by manufacturing.</i><br /><br />The economic rationale is "comparative advantage." The problem for resource-rich states that are dependent on exporting natural resources is "Dutch disease." They are heavily dependent on commodity prices.<br /><br />Another reason is that is much more difficult to industrialize without foreign investment and technology. For countries starting essentially from scratch, it probably make more sense to start with developing resources and then create a foundation for later industrialization through funding education, R&D, etc., as well as develop a suitable culture.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-89692133081311354532017-06-19T04:27:46.037-04:002017-06-19T04:27:46.037-04:00Germany is a vassal for the US and it is heavily i...Germany is a vassal for the US and it is heavily industrialized. The objective could have been to make Russia an ally by investing in their economy and helping its people. The remaining Russian nukes wouldn't have mattered. Are Frances's or UK's nukes of concern to its allies?<br /><br />Russia was ignored and alienated thanks to economists and their ideology.<br /><br />Kaivey, it depends on the level of governance in the oil exporting country. Norway, Saudi Arabia, Venezuela and Nigeria have oil wealth. Norway is a democracy while Saudi Arabia is an absolute monarchy. Venezuela is a democracy but its government is incompetent. Nigeria is a kleptocracy governed by corruption and brutality.<br /><br />Deindustrialization is associated with the decline of civilization. If it happens, it will be global.Peter Panhttps://www.blogger.com/profile/09473311771939167712noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-23283557957479813992017-06-19T03:14:03.719-04:002017-06-19T03:14:03.719-04:00When I was young I always wondered why oil rich co...When I was young I always wondered why oil rich countries did not industrialize. With all those resources they could become hi tech superpowers, I thought. Then I read that if you are a resource country then that messes up the exchange rate for exporting manufactured goods. Now that's odd, it means you're better off having no resources, i.e, being a poor country, and then making yourself rich by manufacturing. So why don't oil rich countries export less oil and develop more manufacturing, I thought. There must be a reason why countries with bags of money, i.e, natural resources, have not industrialized? I also read the West stops them somehow. Like the way you said they were going do deindustrialize Russia.<br /><br />So you've also saying Putin was quite happy to for Russia to become a resource supplier.Kaiveyhttps://www.blogger.com/profile/04195639305785321786noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-22490639276747144352017-06-19T00:22:18.259-04:002017-06-19T00:22:18.259-04:00The US might have gotten away with hijacking Russi...The US might have gotten away with hijacking Russia and turning it into a vassal if it didn't bomb Serbia. <br /><br />That ended the honeymoon after the collapse of the USSR. <br /><br />But without that, the US was on track to deindustrialize Russia, get rid of the nukes, neutralize the military and turn Russia into a resource supplier.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-48188366240937442992017-06-18T23:26:30.281-04:002017-06-18T23:26:30.281-04:00Despite all the meddling by the US, Yeltsin still ...Despite all the meddling by the US, Yeltsin still lost, so they just simply stole the election.<br /><br />'Many believe that despite the pervasive interference by the US in the 1996 election, it still was not enough to elect Yeltsin, and that he actually lost. They view the result as an outright fraud, supported by the US.<br /><br />Comments purportedly made in February 2012 by then-Russian President Dmitry Medvedev lend credence to this view. A Time article dated February 24, 2012 indicated that during a meeting with leaders of opposition parties who were complaining about recent election fraud, Medvedev said that Yeltsin was not the winner of the 1996 election.<br /><br />According to the article, Sergei Babkin, the leader of an opposition party, was the first to reveal the details of that closed-door meeting during a radio interview the following day. “He (Medvedev) brought up the presidential elections of 1996 and said, ‘There is hardly any doubt who won [that race]. It was not Boris Nikolaevich Yeltsin.’”<br /><br />If one accepts this view, it could be asserted that the true purpose of publicizing the involvement of American political operatives in Yeltsin’s campaign was to provide a sophisticated cover for a more direct subversion of the 1996 Russian election—the theft by fraud of the Russian presidency.<br /><br />This history underscores the utter hypocrisy of the CIA/Democratic Party/media effort to whip up anti-Russian hysteria in order to prepare aggression against Russia for its alleged involvement in what historically has been America’s specialty—determining the outcome of other countries’ elections.'<br />Kaiveyhttps://www.blogger.com/profile/04195639305785321786noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-16458379790338042512017-06-18T23:16:10.352-04:002017-06-18T23:16:10.352-04:00I pinned this to my street screen. It shall be the...I pinned this to my street screen. It shall be there as ammo on the Guardian's CiF.Kaiveyhttps://www.blogger.com/profile/04195639305785321786noreply@blogger.com