Putin Explains Why We Need New Economic Policies
The President of Russia Vladimir Putin has given a great speech to the Davos 2021 online forum organized by the World Economic Forum. As usual it created little echo in the 'western' media.
Putin sees a new danger of large international conflicts. Economic imbalances have caused socio-political problems in many countries which, when externalized, can lead to international conflicts.
To solve this one has to reject the laissez faire doctrines that caused the economic imbalances. The nation states must intervene more in their economies. The people must be seen as the ends, not the means of such economic policy. There must be more international cooperation through global organizations to enable this everywhere.