Putin is a killer and a liar

Spoiler: President Biden is right. Putin is a killer. He is a killer in more ways than we think of. Putin has, by the use of proxies, killed more than 14 000 Ukrainians, tens of thousands of Syrians, Russian journalists and critics. He has also killed thousands of Russians by lying and neglecting the needs of Russians.  

Putin and the Kremlin lie to Russians to hide the poor state the country is in. They lie about countries in the “West” aiming to portray them as equally bad. The lies and the “vertical power” design of the Russian state apparatus is costing Russian lives. The health care system is in decay and Russians are afraid to get vaccinated because they do not trust their government which has spewed out lies daily since Putin became president.

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Why China won’t catch-up with USA

Spoiler: The Chinese growth is slowing down. Communist China will never be able to make it to the richest economies even if it becomes the largest economy due to its size. Even if the Chinese has moved up the value-added ladder, it will become never become as innovative as USA.

Knowledge and innovation are not only cumulative, but they are also collaborative processes. The formation of these depends on interactions between scientists, researchers and other people involved in the innovation process. Free access to flows of information and knowledge is reinforcing the processes. Such conditions are more often found in democracies than in autocracies which explains why the former type of countries are more attractive to live and work in. Furthermore, scientists and researchers that move from autocracies to democracies become more productive.   

Further obstacles are the prioritization of the SOEs and the demographic change. Pouring investments and ordering banks to throw good money after bad is hampering growth. The Chinese working age population is getting older and smaller. But the communist regime is committing is committing genocide instead of trying to reverse that development.

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Autocracies are bad for the future generations.

Spoiler: Rule of law is weaker, and corruption is stronger in autocratic countries. This is not only detrimental for today’s generation but also for future generations. The reason is that stronger corruption and lower levels of social trust in autocracies distorts incentives and thereby savings and investments decisions. This makes innovation weaker in autocracies than in countries which are characterised by institutions rendering them rule of law and weak levels of corruption.

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