Russians Love Putin
Dr. Bill Belew
Issue I - June 10, 2006
Introduction by Mr. Stolyarov:
Russia's economic growth is taking place while the authoritarian Putin
administration is in power, yet the average Russian does not detest
Putin. Rather, the average Russian is pessimistic and sees no viable
alternative to Putin's rule. Dr. Bill Belew describes Russia's recent
economic growth-- which happened despite Putin-- not because of
him. Certainly, the Russian government's attempts to bring ever more
industries under government control do not bode well for economic
prosperity in the future. Perhaps the Russian people are wise to be
saving for hard times; they will need their savings in the future when
government mismanagement will ruin the economic situation once more.
"You can never be optimistic about anything in
our country, because if you're optimistic, it will turn out badly." This
is typical of the average Russian on the street.
Also typical is "There is no alternative to (Putin).
Stability is important for business."
The Russians love their president
— or at least they approve of
Russia took a dive in the early 90s when the
Soviet Union collapsed. It got worse during the Yeltsin-year crisis in
1998 when the government temporarily suspended debt repayments and
devalued the ruble by 30%.
But, the economy recovered - quicker than
What are the signs of
Russia's economic recovery? Click
here to continue reading and comment on
Dr. Bill Belew is a former Intelligence
Officer for a Destroyer Squadron. He lived 20 years in Japan, where he
started a language school for Japanese
Dr. Belew teaches classes for a vocational school and online for a
See Dr. Belew's blog,
for news and discussions about business and current events in Russia and
for Dr. Belew's reports on business in China and
on business in Japan.
Click here to view TRBJ's Issue I Index.