Monday letters: Ukraine gambit is financial folly
08/25/2014 12:00 AM
08/22/2014 3:49 PM
Anyone who has ever lived in Texas has overheard a discussion of making Mexico the 51st state. The conclusion almost always comes down to the fact that it would cost the United States more than it would gain, even if Mexico wanted to join.
Russia should think about this with Ukraine.
Russia’s per capita GDP is $17,700 (slightly larger than Mexico’s $15,500). But Ukraine’s $7,600 per capita is less than half of Russia’s figure. (For comparison the U.S. per capita GDP is $49,800, according to the CIA World Factbook.) It really makes you wonder why Vladimir Putin is so intent on controlling the Ukraine, which has a GDP about the size of South Carolina, but with nine times more people (45 million).
Doesn’t Putin realize that it was military expenditures that bankrupted the Soviet Union? Putin is taking Russia down the path to economic destruction. Running an empire is expensive.
William A. Johnson
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