Could Russia, China and India form a second parallel economic system?
What will the Russians do next now that they have thrown down the economic gauntlet and the dispute over the annexation of Crimea has evolved into a showdown between the Russian will and the world economic system? “(T.E. Lawrence just extinguished a match between his thumb and forefinger. William Potter surreptitiously attempts the same) William Potter: Ooh! It damn well 'urts! T.E. Lawrence: Certainly it hurts. Officer: What's the trick then? T.E. Lawrence: The trick, William Potter, is not minding that it hurts.” From the movie Lawrence of Arabia Russia it seems is on a similar course, a painful one, and the trick is not minding that it hurts. From a nation that once broke the German war machine’s back on the anvil of Stalingrad I expect much. My hopes and prayers are with them, although I fear the worst. We still live in a uni-polar world as far as the economy is concerned. Some would argue that we didn’t get to where we are now in terms of the free flow...