NEWSWATCH: “Kudrin and Poroshenko will fail because corruption is the system in Russia, Ukraine” – bne Intellinews/Ben Aris

Hand Pulling Cash from Envelope

… The irony is that Russia and Ukraine find themselves in exactly the same place: both countries are suffering from an economic miasma and both need deep and far-reaching reforms if they are to prosper. The difference between them is that Russia is half way through the process and will very like actually make some more reforms, whereas Ukraine is at the beginning of the process and is so poor it is barely keeping its economic head above water.

The problem in both countries is their attempts to reform are probably doomed to failure. … The legacy of the historically unprecedented rapid change from one ideology (communism) to another (capitalism) is that corruption is not a parasite on the system; corruption is the system.

Click here for Intellinews.com: Ben Aris, Kudrin and Poroshenko will fail because corruption is the system in Russia, Ukraine.

[featured image is file photo]