Jonathan Last: “But here is a thing Putin would absolutely not do if he wanted to rescue the Russian economy: Start nationalizing foreign property.”
“Sanctions are like a valve. You turn them on; you turn them off.
“But once you blow up the rule of law to such a degree that foreign capital realizes that they’d be insane to invest anything in your economy because you might just steal it? You can’t come back from that by saying the right words. This is the kind of action that takes years to unwind.”
