Tag Archives: oligarchs

Mark Adomanis Surprised Russians Don’t Hate Jews

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From what I generally knew of contemporary Eastern European attitudes towards Jews (in two words “not good”) I expected that the Russian public’s attitude towards Israel would be decidely frosty, if not outright hostile… But what seems noteworthy to me is not the downward blip in 2006 but the generally high level of Russian support for Israel over the past 9 years and the generally small number of Russians who will outright say they relate poorly towards it (the balance being made up by people who said they have a hard time answering). – Mark Adomanis.

There are several reasons as far as I can see, some of them obvious, some of them not so obvious because they are clouded over by noxious PC fumes.

* There are now simply a lot fewer Jews in Russia. There were 1.4mn in 1989 in the USSR, and 550,000 in the RSFSR; as of 2010, only 158,000. Jews typically occupy positions in the economy, culture, etc. out of all proportion to their population size. This is typically ascribed to conspiracies whereas in fact it is a simple function of their IQ’s which are about one S.D. above the white European average. This typically causes resentment in places where Jews settle with a few major exceptions like the Anglo-Saxon world. In fact much of Tsarist and Soviet “discrimination” against Jews was (in modern US terms) an affirmative action plan for the indigenous population.

* While Jews in the late Soviet era were heavily associated with dissidence, a function of their relative exclusion from mainstream politics, now they range all over the spectrum. While a majority are still probably more liberal than not you now have Jews like the TV games star and Stalinist blogger Anatoly Wasserman not to mention Zhirinovsky (aka Eidelstein) who is a half-Jew as well as the head of the biggest nationalist party.

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Is Khodorkovsky A Political Prisoner? Read The ECHR Judgments Before Quacking

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It’s one thing if Western journalists and Yukos PR henchmen – if there is indeed any difference – shill for all they’re worth about the travails of Khodorkovsky, the former oligarch doing time for fleecing the Russian Treasury to the tune of billions of dollars, charges he sooner boasts about than denies when given the opportunity to address Russians on national TV. It’s quite another when many ordinary Russians begin to lap up their lies, with a disturbing 10% describing him as a political prisoner in a recent VCIOM poll, and opinions are split 50/50 on a Presidential pardon. Congrats to the PR team, I guess.

Fortunately, at least some court systems still keep their judgments partitioned from the demands of self-interested businesspeople, their PR hacks, libertarians who believe that money should be able to buy a Not Guilty verdict, liberals operating under the delusion MBK is a popular and legitimate political opponent of Putin, etc. According to four (by my count) judgments to date, the European Court of Human Rights (ECHR) is one such institution. The Yukos team managed to get their cases heard at Europe’s highest court of appeal, and they decided that – barring a few administrative irregularities, for which Khodorkovsky was awarded a paltry $35,000 – there was no proof for any of his allegations that the case was politically motivated. This is despite the fact that the ECHR can in no sense be having a Russian government-friendly stance, given the numbers of judgments that have gone against it there.

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DAM, What A President!: The Real Medvedev, Part 1

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A recent study by Laura Bottazzi et al. at the University of Bologna, Italy confirmed a pretty obvious fact of international business. Far from being the rational agents of standard economics, objectively focusing on those countries offering the best return on their investments, international financiers are in fact heavily influenced by national stereotypes. A Dutch venture capital fund, for instance, is far likelier to invest in a German company than a Spanish one. This is due in large part to the greater trust and cultural affinity that exists between the Dutch and Germans, rather than any specifically economic reason.

As a country suffering from a severe reputational deficit, even relative to most other major emerging markets, these findings should be of great interest to Russia’s leaders – whose lack of PR finesse is simply astounding (any number of specific examples can be given, but suffice to say that there is still no effective Russia lobby in Washington DC). Medvedev seems to be operating under the delusion that publicly lambasting Russia’s institutions – e.g. his famous dismissal of the entire judicial system by portraying Russia’s environment as one of “legal nihilism” – will somehow help resolve those problems that do exist, enhance Russia’s image, and woo foreign investors. Nothing can be further from the truth.

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Names Of The Oligarchs On A Map Of The Motherland*

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Not really arguing anything in this post, just sharing some interesting stats I found about the affluent class in Russia (as compared with BRIC’s and others).

First, as we know Russia is (in)famous for the opulence of it oligarchy. But according to the research firm Wealth-X, despite a relatively high number of billionaires, its overall share of Ultra High Net Worth Individuals (UHNW) is far more modest as you can see in the table below. As a percentage of GDP (caveat: this is comparing apples and oranges, but still instructive since national wealth is correlated to yearly output), the wealth of the Russian UHNW’s is equal to 43% of a 1.5tn GDP in 2010 (as compared with 28% in China, 43% in Brazil, 44% in the US, and 55% in India).

So, same picture as with income inequality – as I’ve noted before on this blog, Russia’s levels of inequality are in fact quite modest by world standards – with a Gini index of about 40, it is higher than most European countries (25-35) but lower than the US and China (45) and most Latin American countries (50+).

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Interview with Mark Chapman (The Kremlin Stooge)

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Next in our line of Watching the Russia Watchers interviews is Mark Chapman, the fiery Canadian sailor who’s been blazing a path of destruction through the fetid Russophobe ranks since July 2010. That was when he first set up The Kremlin Stooge, after being blocked from La Russophobe, who couldn’t withstand his powerful arguments without resorting to Stalinist tactics. The blog’s name, as he explains below, was bestowed by one of LR’s commentators (“Soviet Goon Boy” was considered, but rejected). Since then, he has expanded his coverage well beyond exposing La Russophobe and now goes from strength to strength: humiliating the self-appointed experts, drawing guest posts, being regularly translated by InoSMI, praised by La Russophobe, and making first place in S/O’s own list of the Top 10 Russia blogs in 2011. Without any further ado, I present you Mark Chapman the Kremlin Stooge, the Rambo of the Russophile blogosphere!

The Kremlin Stooge: In His Own Words…

Why did you start blogging about Russia?

As I’ve mentioned before in various exchanges with commenters, I was invited – hell, the whole world has been invited – to start my own blog by La Russophobe. Most have noticed “she” doesn’t care for dissent or for having her own blog rules used to regulate her conduct, and a common response is “why don’t you go and start your own blog, and see who reads it”. So I did. Of course, the invitation is based on the presupposition that it will be a grim failure which will teach you what a useless worm you really are.

I stumbled upon the La Russophobe blog during a search for early souvenirs of the Olympic Games in Sochi – I was looking for a backpack as a present for my wife. La Russophobe ran a post mocking the Russian souvenirs at the Olympics then in progress in Vancouver, because they were allegedly tacky and cheap. An exchange took place between us, and eventually I was banned from commenting. I invented a new ID – snooty Englishman Francis Smyth-Beresford (so as to have the initials FSB, and it was amazing how quickly otherwise-clodlike Ukrainian/Australian La Russophobe devotee Bohdan caught on). I tried hard to keep the criticism subtle, but eventually I was banned under that name as well. After that, I started The Kremlin Stooge, adopting the name from one of Bohdan’s favourite insults.

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La Russophobe Strikes Back

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Letters, we get letters, we get lots of cards and letters every day. Even fan mail from La Russophobe!

Letter to the Editor: Reply to “Given Free Publicity On NTV, Khodorkovsky Only Incriminates Himself Further” (06/11/2011).

In a recent blog post, you touted a report about Mikhail Khodorkovsky on state-owned Russian TV channel NTV. Your post, which implied the Russian Kremlin is being open about its prosecution of Khodorkovsky, was grossly misleading.

You failed to notice that this reporting came only after Khodorkovsky’s conviction. You also failed to notice that public ignorance about the trial itself increased dramatically from 2005, clearly showing that the Kremlin hid the entire proceeding from the public when it counted.

By contrast, you grossly mischaracterize Western reporting of the recent EHCR verdict relating to Khodorkovsky. Contrary to your false claim, a vast number of Western outlets touted the court’s refusal to find Khodorkovsky’s conviction political.

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Given Free Publicity On NTV, Khodorkovsky Only Incriminates Himself Further

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Following the failure of Khodorkovsky’s appeal against his prison sentence for theft and money laundering, state-owned NTV aired a positive segment on his case on national prime time. Most sides of the story were mentioned: Amnesty International’s designation of him as a “prisoner of conscience”, the Kremlin’s view that it was only the criminal justice system at work, the allegations that the judge Viktor Danilkin was pressured into denying MBK’s appeal, etc. You can see the video below.

But I found only one thing noteworthy in particular. When asked in the May 29th program on what he thought about the reduction of his sentence by one year, Khodorkovsky replied: “I’m uninterested in the cosmetic tricks of the judicial bureaucrats. The statement that oil in Siberia has to be sold at Rotterdam prices is too bizarre to comment on.” Read between the lines. Of course it’s rational – as opposed to bizarre – to sell it to your offshore companies at low prices, thus robbing the Russian government of tax revenue, before selling it at world prices and profiting off the difference. That is essentially what he was convicted of and as I see it he so much as admitted it.

He also restated his conviction that his prosecution is politically motivated, thus going against a recent ruling of the European Court of Human Rights. That story was passed over quickly, as Western pundits continue shilling for Khodorkovsky for all they’re worth.

In Which La Russophobe Interviews The Russophile Sociopath Blogging At Sublime Oblivion

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Two weeks ago, I received a Facebook message from Kim Zigfeld, she of the infamous La Russophobe, asking me if I was interested in an interview with her. It didn’t take long for me to come to the wrong decision!

And so commenced our interview. It was a long grind. After ceaseless goings back and forth, arguments about what is really going on in that land of Russia, some 12,000 words of it, we finally entered wacko paradise - INTERVIEW: Anatoly Karlin. Here are a few lines from the freak show stage to whet your appetites!

  • Suppose Shamil Basayev had been found in a lovely home just outside Tbilisi and after Russians assassinated him the Georgian president was invited to Washington and warmly embraced by Obama, how would Russians have reacted?
  • So the USA should forget that Russia is trying to destroy it because China is trying even harder?
  • Frankly, we find your intellectual dishonesty really repugnant, and characteristic of the failed Soviet state. The rulers of the USSR always spoke to the outside world as if they were speaking to clueless idiots. But it was the USSR that collapsed into ruin, wasn’t it?
  • We don’t believe any thinking person can argue that any other Russia blog that has ever existed has come close to being as inspirational to the blogosphere as La Russophobe… Yet many of your Russophile brethren insist on pretending to dismiss us. Why are they so unwilling to admit how good we are? Why don’t they realize how foolish they look? Is it some sort of psychological complex on their part, or is it a crazily ineffective propaganda scheme?

Indeed. Anyhow, apart from her flattering review of my work and the conspiratorial theorizing, the interview mostly focuses on the bread and butter politics that many of us Russia watchers love to talk about. Enjoy the ride! (I did!!!)

Because some of you guys don’t want to grace La Russophobe with a visit, or are banned from it, I’m reprinting the interview below and opening it to comments.

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REPRINT: Is Putin Pitiable, Or Is The Financial Times Corrupt?

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A thundering takedown of the Financial Times transparently one-sided coverage of the Khodorkovsky affair -and Khodorkovsky says Putin is ‘pitiable’ can also serve as a palimpsest for Western media coverage of this topic in general – from Eric Kraus at Truth and Beauty. BTW, do feel free to add his blog Truth and Beauty to your subscriptions. As someone with a dozen years of investor experience in Russia, Kraus has cutting, pertinent commentary, with fine sarcastic wit, on Russian finance and economics and global affairs. His article Is Putin pitiable, or is the FT corrupt? is reprinted below.

Reading the FT on Russia, what is interesting is not what they write – it is why they write it. A friend of T&B was told face-to-face about six months ago by an FT editor that, as a journalist here, one’s role has to be ”to write about how awful Russia is”. (While, admittedly, T&B does not know many FT journalists in Poland, Belgium or Mexico, we strongly suspect that they have an entirely different mandate. Only in Russia has the paper descended to outright advocacy…)

A recent propaganda piece in praise of Khodorkovsky – proudly splashed across the front page of the Financial Times in defiance of the most basic journalistic ethics – is so transparently self-serving, dishonest, and in a few points frankly absurd, that one is at a bit of a loss where to start. We shall borrow a technique from Russia: Other points of view – numbering the paragraphs in the original for discussion.

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Exercises in Banality: The Moral Preening By Khodorkovsky Apologists

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My views on Khodorkovsky – and by extension his being found guilty of $25bn embezzlement – aren’t exactly a secret (1, 2, 3) so I’ll keep this brief.

1. As usual, the only people who care about this are Western politicians eager to score cheap shots against Russia’s “assault” on transparency and rule of law (note that the same people have no problem with repressing Wikileaks and killing Assange – everyone should be subject to equal scrutiny, but some more equally than others!); MBK’s lawyers and PR-men whose job this is; and the legions of naifs, fools and ideologues manipulated by them. BTW, my favorite photo is above, showing elderly ladies parading with that chic glossy poster of their hero, with Medvedev and Putin darkly conspiring behind his back. I’m sure they funded it all out of their pensions.

2. The standard argument of MBK’s PR-men goes something like this: how could Khodorkovsky be guilty of embezzling $25bn, from his own company? And especially considering that he’s already been found guilty of tax evasion? But that’s just begging the question; insinuations, not facts. While MBK *might* not be directly guilty of this, I’m sure the prosecutors have found some legal loophole or another sufficient to convict him. I can imagine a scenario where the proceeds from the tax evasion he was originally convicted for – if retained by MBK’s various LLC’s and holding companies, which they presumably were – could also legally constitute embezzlement.

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