Teaching Comparative Government and Politics

Wednesday, March 07, 2012

Putin and oil prices

Beverley Clinch pointed out this article by Fareed Zakaria, in which he tries to explain how rising oil prices have kept Putin in power. It's a good perspective to keep in mind. Thanks, Beverley.

How Oil Is Propping Up Putin
Few rulers intentionally commit hara-kiri. In an essay in the recent National Interest, Fiona Hill and Clifford Gaddy point out that Putin has often compared himself to Pyotr Stolypin, the reformist Prime Minister under the last Czar, Nicholas II. It’s an intriguing choice. Stolypin, who was viciously attacked during the Soviet era as reactionary and repressive, advocated incremental, evolutionary reforms in the last years of czarist Russia. It’s worth noting that Stolypin was sacked and then assassinated, and the regime he tried to keep in power was swept aside by the tides of history. But history may not repeat itself in Russia until oil prices stop levitating…

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