Sarah Paine
๐ค SpeakerAppearances Over Time
Podcast Appearances
of educated people, people with college degrees in Moscow and St.
Petersburg.
Now what's going on in the rest of the country is undoubtedly a different story because they had, as bad as living in Moscow was, living in the countryside was going back in time far further.
So those people weren't living well at all.
And it's going to get really bad for them.
Oh, yeah, yeah, yeah.
Oh, I think there was an understanding it was terrible, but I think there's this exuberance of thinking it's going to get much better.
And then the disappointment is equally extreme.
And then there was this feeling that, well, the West owes us.
Because, I mean, you're all really rich and you now owe us to fix everything.
And the counterargument to that is, no, you are an enormous migraine.
You set back all of these countries across the globe back in time with this non-functioning communist model that you peddled around there, and now you want extra aid.
And the problem was I think we wanted to do some of the aid, but they're not going to be receptive to it.
I think that was another conclusion with the Bush administration is that if we dumped a lot of money in it, it would just go straight into corruption.
that you need a legal structure in order to place money, and they just plain didn't have it.
That was another thing that was worrying the Bush administration.
There's nowhere to put the money.
If you do not protect the liberal economies of Europe, you're not going to have anywhere to play the liberal economic game.
and also Japan.
And one of the reasons you feel that liberal economies work is you've got economic miracles going on in Japan, Korea, Taiwan, Singapore, and Hong Kong back in the day.