Alone at the top

An article in The Economist says that President Vladimir Putin seems increasingly isolated and out of touch at the top. Compared with his early years in charge when he relied on economic aides like German Gref and Alexei Kudrin, Putin has less faith in the counsel of those around him and more certainty in his own judgment. Decision-making in the Kremlin appears to be on hold, with progress having slowed down on the budget, on pensions and on privatisation. As for the campaign against corruption, it will go only so far. Corruption is a pillar of Putin-era stability as much as a threat to it.

Thursday, November 29, 2012