MOSCOW: Russia’s election campaign was a bore. I wish I could explain that it was tedious because we are now a normal democratic country, a place where politics is mundane, not a matter of life and death. But Russia is still another type of country. So a Russian election that seems Soviet in its utter predictability is not to be welcomed. Fundamental issues remain unsettled; hard choices must be made. Informed, consent is needed, and our democratic election did not provide it.
Voters were so bored that there was real doubt that the minimum 51% of all eligible voters would cast their ballots and thus make the election results valid. Abstention on such a scale would at least have made the election interesting. Outside Russia, of course, the world has been preoccupied by our so-called campaign, probably only because Russia’s democracy still seem such a novelty.
As expected for months, Vladimir Putin won by a wide margin. No longer is he "acting" president. Instead, Putin rules in his own right. But what is his mandate? No one knows for certain. Hints as to the general tenor of his presidency can, perhaps, be found in discovering why Putin’s star rose so meteorically.
To continue reading, register now.
Subscribe now for unlimited access to everything PS has to offer.
Since the 1990s, Western companies have invested a fortune in the Chinese economy, and tens of thousands of Chinese students have studied in US and European universities or worked in Western companies. None of this made China more democratic, and now it is heading toward an economic showdown with the US.
argue that the strategy of economic engagement has failed to mitigate the Chinese regime’s behavior.
While Chicago School orthodoxy says that humans can’t beat markets, behavioral economists insist that it’s humans who make markets, which means that humans can strive to improve their functioning. Which claim you believe has important implications for both economic theory and financial regulation.
uses Nobel laureate Robert J. Shiller’s work to buttress the case for a behavioral approach to economics.
MOSCOW: Russia’s election campaign was a bore. I wish I could explain that it was tedious because we are now a normal democratic country, a place where politics is mundane, not a matter of life and death. But Russia is still another type of country. So a Russian election that seems Soviet in its utter predictability is not to be welcomed. Fundamental issues remain unsettled; hard choices must be made. Informed, consent is needed, and our democratic election did not provide it.
Voters were so bored that there was real doubt that the minimum 51% of all eligible voters would cast their ballots and thus make the election results valid. Abstention on such a scale would at least have made the election interesting. Outside Russia, of course, the world has been preoccupied by our so-called campaign, probably only because Russia’s democracy still seem such a novelty.
As expected for months, Vladimir Putin won by a wide margin. No longer is he "acting" president. Instead, Putin rules in his own right. But what is his mandate? No one knows for certain. Hints as to the general tenor of his presidency can, perhaps, be found in discovering why Putin’s star rose so meteorically.
To continue reading, register now.
Subscribe now for unlimited access to everything PS has to offer.
Subscribe
As a registered user, you can enjoy more PS content every month – for free.
Register
Already have an account? Log in