Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Concentrate on Dividend Record and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Freedom Force
  • Dick Young’s Safe America
  • Bank for International Settlements

Ukrainian’s Income One-Third of Polish Workers’ Income

March 5, 2014 By Richard C. Young

Former Ukrainian President Viktor Yanukovych’s mansion.

The overriding problem for the Ukraine is that the country has been run like a money making machine for the oligarchs and political cronies. Here the Cato Institute’s Dalibor Rohac lays bare the real crisis in the Ukraine.

It’s now a decade since Ukraine’s “Orange Revolution” brought hope that the country could be liberated from its post-Soviet legacy and join the ranks of the successful transitional countries of Central and Eastern Europe. The question now, of course, is whether Ukrainians do better this time around. But to really understand where Ukraine is headed, it’s important to understand the roots of the unrest that led to the ousting of President Viktor Yanukovych.

First, the country’s oligarchic elite, which ruled the country for the past two decades, cared little about the prosperity of ordinary Ukrainians. The evidence is not just in the tacky mansions of President Yanukovych and his men, but also in the fact that the average income in Ukraine is roughly one third of that in Poland even though both countries started from around the same point in 1990.

Second, the change of government in Ukraine follows a miscalculation on the part of the Kremlin, which long considered Ukraine as its client state, dependent on imports of natural gas from Russia. Ukrainians simply lost patience after their government effectively followed instructions from Moscow and canceled the broadly popular association agreement with the EU. Now that the plan to bully Ukrainians into submission has backfired, Russian President Vladimir Putin is likely to leverage the situation to push claims to parts of Russian-speaking Eastern Ukraine — most prominently Crimea and the port of Sevastopol.

Related Posts

  • Hillary’s Income Redistribution Plan
  • Hispanic Household Income Soars in Trump Economy
  • Scrap the Income (Dividend) Tax
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Latest posts by Richard C. Young (see all)
  • The Vanguard Wellesley Way - April 16, 2021
  • The Government Cannot Constitutionally Interfere With Gun Ownership - April 16, 2021
  • French Wine Weather Disaster Worse than 1991, 1997, 2003 - April 16, 2021

Dick Young’s Must Reads

  • Boom—Your Life Changes
  • Vermont Abandoned, Dairy Farm Economy Devastated
  • Hillsdale College: What College Is Meant to Be
  • Ted Nugent Tells it Like it Is
  • My Smith & Wesson Revolvers Home Defense Team
  • California’s Progressive Liberals Have Created a Monster
  • Hungarian Hardliner Viktor Orban Shows European Globalists the Way
  • V4 Stands Against North African and Middle Eastern Invasion
  • Concentrate on Dividend Record and Compounding
  • Is Senator Josh Hawley the Republican Party’s Future?

Disclosure

RSS Youngresearch.com

  • The Vanguard Wellesley Way
  • The Three Bubbles Threatening Your Portfolio Today
  • Turkey Bans Bitcoin
  • Crushing Words to Avoid: “We’re Disappointed in You”
  • How Amazon Violates Anti-Trust Rules
  • Why Service Is King in 1(800)# Teenage Wasteland
  • Long Live the Dividend King
  • Your Port Against a Storm.
  • Inflation? Yes.
  • Banks Prepare for Boom

The Vanguard Wellesley Way

Toilet Paper and SPAM: What More You Can Do?

Incentivizing People to Stay Home?

The Government Cannot Constitutionally Interfere With Gun Ownership

French Wine Weather Disaster Worse than 1991, 1997, 2003

Key West Breaking News from Dick Young

Copyright © 2021 | Terms & Conditions | About Us | Dick Young | Archives