“PUTIN UNLEASHES FURY AT US FOLLIES” (October 25, 2014)

Thus the Financial Times today. “Russian president blames America for undermining post-Cold War order,” elaborates the newspaper. Without efforts to establish a new global governance, he warned, the world could collapse into anarchy and chaos. “This is the way the nouveaux riches behave when they suddenly end up with a great fortune—in this case, in the shape of world leadership and domination. Instead of managing their wealth wisely … I think they have committed many follies,” he told a conference of foreign academics and journalists at an Olympic ski venue near Sochi. This is considered one of his most anti-American speeches in fifteen years. Some commentators believe that it is an answer to Barack Obama recent comment in which he listed Russia as one of the three global threats, including the Islamic State of Iraq and Syria and Ebola. But Vladimir Putin’s mention of the nouveaux riches of recent vintage is worth serious thought. They are too powerful by half. Armed with their billions acquired after the global financial crisis, they are meddling in geopolitics one way or another. If anyone should know about it, the Russian president is surely among them.