🔹GDP grew 1000% in ten years
🔹Traitors were kicked out of Russia (they escaped to London and New York)
🔹Terrorists in Chechnya were defeated
🔹Russia once again became the world leader in oil, gas, wheat etc.
Russia once again became a great power. Its prestige was restored in the global stage.
When Xi Jinping became the leader, the first visit he made was to Russia to meet with Putin.
Russia was back and the US was very unhappy.
Contrary to West’s portrayal, Putin’s primary goal is peace and prosperity.
He wanted peaceful, win-win relations with Europe and even the US.
He knows history and geopolitics.
But USA cannot share power and wealth.
Americans liked the “End of History” and the unipolar world.
Hence all the problems in the world.
Putin is 70 years old. The next 5 years may be the most important in his life.
Can he leave an enduring legacy of a great Russia?
End 🧵
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Deng Xiaoping's reform and opening up started in 1978.
1. But China did not right away embrace private enterprises and capitalism.
2. Private enterprises were illegal and not even officially recognized until 1988! (A few Special Economic Zones like Shenzhen had more freedom)
3. Some entrepreneurs in the 1980s were allowed to run private businesses under the "red hat" -- i.e., pretending to be collectives or government-owned.
4. 1980s: There were also high taxes and numerous restrictions such as maximum 5 employees in a private enterprise.
5. Only in 1994 did private enterprises get many legal protections and freedom.
6. In 1999, the Chinese Constitution was amended to acknowledge that the private sector is an "important component" of the economy.
Trump, Biden, Obama, Bush, Clinton, Reagan… it’s an American political tradition to impose tariffs, even though they have never helped create jobs or protect manufacturing! 😆