Read the whole thing, by David Goldman (aka Spengler) Excerpts:
As for the Crimea: Did anyone seriously think that Vladimir Putin would let the main port of Russia’s Black Sea fleet fall into unfriendly hands? Russia will take the Crimea, and the strategic consequences will be nil. We couldn’t have a strategic confrontation if we wanted it. How would we get troops or ships into the Black Sea area in the first place in order to have a confrontation? Perhaps the Belgiums will send in their army instead.
There isn’t going to be a war over Ukraine. There isn’t even going to be a crisis over Ukraine. We will perform our ritual war-dance and excoriate the Evil Emperor, and the result would be the same if we had sung “100 Bottles of Beer on the Wall” on a road trip to Kalamazoo. Worry about something really scary, like Iran.
Ukraine isn’t a country: it’s a Frankenstein monster composed of pieces of dead empires, stitched together by Stalin. It has never had a government in the Western sense of the term after the collapse of the Soviet Union gave it independence, just the equivalent of the family offices for one predatory oligarch after another–including the “Gas Princess,” Yulia Tymoshenko. It has a per capital income of $3,300 per year, about the same as Egypt and Syria, and less than a tenth of the European average. The whole market capitalization of its stock exchange is worth less than the Disney Company. It’s a basket case that claims to need $35 billion to survive the next two years. Money talks and bullshit walks. Who wants to ask the American taxpayer for $35 billion for Ukraine, one of the most corrupt economies on earth? How about $5 billion? Secretary of State Kerry is talking about $1 billion in loan guarantees, and the Europeans are talking a similar amount. That’s not diplomacy. It’s a clown show.
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