bendog
Diamond Member
Isn't that what caused the collapse of the Soviet Union?
I don't think so. I think that in the end a state controlled system of capital allocation couldn't grow an economy as fast as supply side economics (or removing big govt from capital allocation). Since Russia would be starving without energy exports, I think today is a different game
Free markets, with selected controls, are superior, no question on that.
I just don't see any economic sanction affecting Putin so long as someone is willing to pay close to market dollar for his energy. As long as Russians have affordable sausage and vodka.