Open Thread

August 22nd, 2008 10:15 AM

For general discussion and debate. Possible talking point: Russia and Georgia -- how serious is it?

Until yesterday, the energy and precious metal markets brushed off this recent Russian aggression. Our media are certainly reporting it, but possibly not with the caution it deserves. Isn't it possible that this represents the beginning of a new wave of Russian imperialism with rather ominous portent?

To a large extent, the Soviet Union collapsed because it went bankrupt and didn't have the money to control all of its people anymore. With oil over $100, Russia now has the funds it needs to become a super power again. Is that Putin's goal, and should we not only be concerned, but be doing something about it? If the latter, what?