Question by tajamariee: What is your analysis of the prospects for the country as it began the 21st century under Putin and Medvedev?
Answers and Views:
Answer by W.C. Felcher
Which country? Russia will continue to be a corrupt, paranoid, inefficient autocracy like it always has been.
The U.S. will go through economic malaise, recession/depression, and then hyper-inflation. After that, the U.S. will be back on track by about 2025.
A couple of wars between China and India over water rights and several super viruses/famines in Asia would be a big help to restoring the U.S. as the unrivaled economic power on the planet.
Unable to change and adapt to economic realities, the EU will continue to die a slow, painful economic death.
Read all the answers in the comments.
What do you think?
Spock (rhp) says
grim.
morbidity is rising and average hours worked is falling. This is causing a slow economic collapse.
the collapse is made worse by lack of maintenance at government owned facilities of every variety, plus many of the ex-state enterprises now in 'private' hands.
capital investment has collapsed and, without significant sources of financing, is not looking to recover any time soon.
export earnings are crucial for the country's ability to pay its debts and thus to continue importing. While Russia is a major exporter of fossil fuels, metal ores, and metal products, output is falling due to the aforementioned lack of maintenance.