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Jun 10 2021

Russian Economy and Reforms to Improve its Growth Prospects

Support SouthFront Illustrative image Written by Sunil Bhattarai. Here are a few reforms which I believe would help Russian economy to undergo sustainable and long term growth in any international conditions. These reforms may be presented in 8 parts, detailing some important regulatory and administrative aspect of the economy and here is the first one – trade reforms. TRADE REFORMS Introduction Trade means exchange of goods and services. Here is a suggestion how Russian leadership can carry out trade reforms for growth of the economy. In any country, there are mainly two kinds of trade which are: Internal trade: Exchange …

May 23 2021

So what is money… Really…

Support SouthFront ­ Illustrative image Written by Rudy J. Fritsch. Originally published by Gold Standard Institute. You can read the first part here LINK. There is an aphorism that states “it’s not getting the right answer but asking the right question” that is crucial. Readers of this site are surely aware of blurbs like ‘real money’, ‘honest money’, ‘Fiat’ money, printed money, borrowed money… ad infinitum. Indeed, Aristotle named the desirable qualities of money; Money must be durable Money must be portable Money must be divisible Money must have intrinsic value What question were Aristotle’s qualities the answer to? The question …

Mar 15 2021

The Power Of The Gun

Donate Source: Thomas Trutschel/Photothek via Getty Images Written by Rudy J. Fritsch exclusively for SouthFront. Chairman Mao is frequently quoted as having said ‘Power Comes from the Barrel of a Gun’. As in many (not all) other things, he was right… but this statement begs the question; where does the Gun come from? Today ‘Gun’ means much more than gun and bullets; it really means sophisticated weapons like cruise missiles, military aircraft, combat ships, precision bombs, etc. etc. ad infinitum. If we think about this, we can see that much lies behind ‘Gun’; metallurgy, mathematics, technology… industrial capacity… and wealth. …