Is plutocratic corruption so widespread it will protect Putin?
Good Krugman column about how going after Putin with sanctions will be complicated because the interests of nations and powerful people are so entwined with his:
So we have the means to put enormous financial pressure on the Putin regime (as opposed to the Russian economy). But do we have the will? That’s the trillion-ruble question.
There are two uncomfortable facts here. First, a number of influential people, both in business and in politics, are deeply financially enmeshed with Russian kleptocrats. This is especially true in Britain. Second, it will be hard to go after laundered Russian money without making life harder for all money launderers, wherever they come from — and while Russian plutocrats may be the world champions in that sport, they’re hardly unique: Ultrawealthy people all over the world have money hidden in offshore accounts.
What this means is that taking effective action against Putin’s greatest vulnerability will require facing up to and overcoming the West’s own corruption.
Can the democratic world rise to this challenge? We’ll find out over the next few months.
I assume the parallels with the Manhattan DA apparently ending the criminal case against Trump are too obvious to need belaboring.