Putin and Russian capitalism

If we look and examine closely Putin’s State of the Nation speech on Thursday, contrary to the controversial opinions expressed by these pundits, If there’s one thing that really stands out from this speech, how Russia could be integrated in global capitalism following the plethora of sanctions imposed by the US and the European Union following the Ukraine proxy war.  Exactly as did China under the leadership of Deng Xiao Ping who smoothly transformed the communist Maoist China into disguised capitalism and connected the Chinese economy to global capitalism. Unfortunately for the peace in the world, the then two communist global powers that played key role in International relations and geopolitics and to moderate the appetite of unbridled western hegemony and its endless wars of aggression since the collapse of the USSR, become a mere economic and mercantile competitors looking for the way to do business as usual not to change the balance of power between the West and the rest of the world. It will be improbable that balance of power could shift in favour of Russia or China as today dominant currency, the US dollar represents 88% of total currencies exchanged daily all over the world and this US dollar hegemony will continue even for a decade.