Comments by "aleksis-kivi" (@aleksis-kivi) on "Russian Economy: Ruble is Burning" video.

  1. Prof. Biernat, serious question here. It seems to me that the GOP is spreading a misconception that there is only one way to do capitalism--cut regulations. I love capitalism, but I also really admire the mixed Nordic model, which fundamentally succeeds due to the free exchange of labor and capital among the Nordic nations and others. I think the GOP overemphasizes the benefits of cutting regulations and taxes. I would argue we can still be capitalist in the US while also maintaining taxes and most current business regulations. Smart regulations are what we need, not less regulations. There are many business practices, which if allowed to play out naturally by the invisible hand, would stifle innovation and stifle competition among businesses for recruiting labor on the job market. Things like monopolization and cutting wages, and ultimately instituting the equivalent of slave labor--this all seems logically inevitable in a completely unregulated capitalist system. In other words, in a COMPLETELY unregulated economic system, I would argue the rich are destined to get richer and the poor are destined to get poorer. Any thoughts?
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  2. I like your point that "real" Russians need to stand up against their government. Americans don't see the Loyalists of 1776 as real Americans. A new identity had to be born. A new Russian identity that is friendly to global cooperation clearly needs to be born. Plenty of Russians already display this new identity: people like Konstantin from Inside Russia and Julia Navalnaya
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