STOCK MARKET WATCH -- Monday, 3 March 2014

[Ghost Dog]

24. Excellent.

... You’d have to be crazy to think that Russia was going to allow the Ukraine, including Crimea, to become part of NATO, and yes, that was the West’s (or rather, America’s) endgame. (The Europeans think the Americans are crazy to be baiting the bear like this. But the Europeans need Russian natural gas.) Russia is no longer the USSR. It is not an existential threat to the West, or even to Europe. It is a corrupt resource state with a big army and nukes which controls a lot of territory, but the idea that it would win a full-on conventional war with America is deranged. All the US is accomplishing here is driving Russia into the country which is actually a danger to American dominance: China...

... Putin thinks the US and the West are Russia’s enemies. He is not wrong...

... Now, Putin is only the most competent Russian leader since perhaps Peter the Great, enjoys greater popularity among his own people than Bush and Obama ever did put together, and is a respected statesman around the world, which, by the way, sees the US as the greatest threat to world peace. Putin's first great initiative, dictatorship of the law, transformed a once lawless Russia into a generally law-abiding state, though slightly too conservative and restrictive for some people's taste. His second great idea, sovereign democracy, made Russia almost completely impervious to Western attempts at political manipulation. Add to that his economic successes (Russians' incomes have doubled repeatedly while US incomes have stagnated) and his foreign policy successes (his government recently prevented a major conflict in Syria, then engineered a rapprochement between the West and Iran) and you can begin to see why he makes US State Department apparatchiks and assorted US neocons absolutely livid with rage. That kind of anger tends to be catchy, and so we find journalists and commentators in the US so wrapped up in their negative feelings towards Putin that they are neglecting to do their job, which is to inform people...