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Friday, June 02, 2006

The Rise of Neo-Soviet Militarism

Reuters reports that Russia intends to spend over $20 billion per year for the next nine years buying new weapons systems (mind you, that's just a fraction of the total military budget). That's $140 per Russian per year in a country where the average salary is $300 per month and the population is declining by 700,000 to 1 million every year. Incidentally, this kind of maniacal military spending is what bankrupted the USSR and caused it to disappear. La Russophobe dares to wonder what will replace Russia when the same thing happens again. Meanwhile, Reuters also reported that the Kremlin has called for an investigation of how the presence of foreign investment in Russia damages its security, with an eye towards "the idea of taking control of huge energy projects in Russia's Far East from Royal Dutch Shell and ExxonMobil , raising comparisons with South American-style resource nationalism."

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