Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

2012-03-22

The Putin Defence

Obviously, the biggest question when it comes to the new power structure in Russia will be about the handling of inevitable personal clashes. As I've blogged before, Vladimir Putin will have to solve a double task: he will have to ensure stability for the elite that takes stability for the preservation of the monolithic power structures, while at the same time ensuring stability for the population that takes stability for the return of stable growth. As a third factor, Putin will also have to deal with those who want change, and who may as well be more powerful than Putin has anticipated. Especially now that we're closing in on regional elections. I suppose that Putin will try to put in place a system where, in the short term, he will be trying to keep heavyweights out of the frontline and push a semblance of changes to the foreground. This might allow him to buy precious time, but it won't be near enough to preserve a system which is more and more decaying from below. 

2012-03-09

Back to the future

It might seem as if the game had ended - at least this is what Novaya Gazeta proclaimed on its front page this week. In fact, the "game" has only just begun with last Sunday's victory of Putin. I believe that in a way Putin's third term will be more reminiscent to Medvedev's intermezzo than to Putin's first two presidential mandates. The elected president may have cleared an important checkpoint - smoother than many had expected - but he still has to face a more important, and tougher challenge: dismantling and redesigning a system he created, while avoiding potential loss of trust from either side of the elite. Thus, he has to create a new power balance, a new machinery and a new way of deliberation to run the state, a new popular platform and he has to do it so to be able to conduct the necessary economic and political reforms as efficiently as possible. The mortar of the system has already been eroded by the unorthodox circumstances under Medvedev, and the next couple of months will be decisive from the point of view of laying out the blueprint for a new, stable, but more flexible construction. But how will this look like?

2011-06-21

Genius loci

After a long pre-summer recess, I finally have the time to react on the St. Petersburg Economic Forum and especially on the speech given by Dmitry Medvedev. The President's intervention lasted slightly more than 30 minutes, contrary to the much hyped press conference in May that stretched on for more than 2 hours. Yet, I dare to say, this speech was the strongest indication so far that Medvedev wants to retain power and he is willing to give the ruling elite tangible reasons why he should be the candidate next year. It was also an important contribution to the debate about the the revamp of the Russian political and economic system, a notion that Medvedev pretty much seems to have embarked on and will make it the core of his campaign. In the following paragraphs, I'll try to argue why the St. Petersburg speech had a considerable significance in view of the forthcoming elections and what it has to do with some other exciting analytic material Russia-watchers could lay their hands on during the last couple of weeks.