Friday August 29, 2008

I've Been Thinking:

The dust has settled and we are able to gauge the true result of Russia's invasion into Georgia.
In general, the world has condemned the invasion.
Russia is now beginning to feel the impact of its own actions - an overreaction and an exaggerated aggression in Georgia.

Most commentators have focused on Russia's desire to return to the era of the Cold War as a way of explaining the behavior of the aggressive Russians.
They are so wrong.

Russia is dependent on the world for its economy.
Russia needs the world's investments.
Over the past few weeks $12 billion worth of investment has been pulled out of Russia and that smarts.
The Russian Stock Exchange (RTS) has plummeted 32% and there is very little thought that it will bounce back and little hope that these losses will be regained in the near future.
Foreign investors are wary of investing in Russia.

The private economic pain that Russia is suffering from their invasion far outstrips any powerless diplomatic condemnations than any other country can heap on them.
Russia is now, literally, out in the cold - and it is of their own doing.

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