This is important. But if you have not been following Russia, then its level of detail may obscure the key point. Sergei Glazyev is the closest to MMT of all the Russian economists of influence, and he was in Putin's inner circle of advisors until this announcement.The Saker unpacks its implications for Russia. He views it as good move by Putin, since it is simply not possible to implement a Glazyev program in Russia. Neither is Putin that powerful if he wanted to do so, but other conditions supervene even if he did want to.Note: "Liberal" in the Russian context means neoliberal, and the neoliberals see their future in alliance with Europe and the US. Russia is basically a conservative traditionalist country and the stavka (military general staff) and siloviki (deep state) are very
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Mike Norman considers the following as important: Russian economy, Russian politics
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This is important. But if you have not been following Russia, then its level of detail may obscure the key point. Sergei Glazyev is the closest to MMT of all the Russian economists of influence, and he was in Putin's inner circle of advisors until this announcement.
The Saker unpacks its implications for Russia. He views it as good move by Putin, since it is simply not possible to implement a Glazyev program in Russia. Neither is Putin that powerful if he wanted to do so, but other conditions supervene even if he did want to.
Note: "Liberal" in the Russian context means neoliberal, and the neoliberals see their future in alliance with Europe and the US. Russia is basically a conservative traditionalist country and the stavka (military general staff) and siloviki (deep state) are very conservative, so that is not going to happen on their watch, especially after neoliberalism almost destroyed Russian society in the aftermath of the collapse of the USSR.
The Vineyard of the Saker
What does Putin’s staffing decision vis-à-vis Glazyev mean
The Saker