This article is part of an ongoing series of dispatches by historian Eric Zuesse
IntelliNews reports that “each week the lockdown is extended will result in a geometrical increase in the number of bankruptcies – something that could rapidly lead to protests and which the Kremlin is keen to head off as quickly as possible.” So, Putin is doing this — removing protections of workers — in order to “head off” “protests.” (Presumably, employees will now increasingly fear for their jobs, and thus not “protest.) Also: the free market grants exponentially more power to large firms rather than to small ones because concentrated wealth means concentrated power, and therefore survival-of-the-fittest will greatly favor large firms over small ones. The natural tendency in a free market is toward increased concentration of wealth, because only enforcement of laws and regulations to countervail such concentration can prevent it from happening.
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