Russia is the world’s biggest loser from oil’s crash, and that’s reason to worry
Karl Marx wrote that “history repeats itself twice, the first time as tragedy and the second time as farce.” The collapse of the Soviet Union was not a tragedy, nor is what is happening in Russia now a farce. Still, the collapse of the Soviet Union was a defining moment in human history. Russia’s current struggle with itself doesn’t begin to rise to that level.
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