The bear is back. That’s what all too many Russia-watchers have been saying since Russian troops steamrolled Georgia in August, warning that the country’s strongman, Vladimir Putin, was clawing his way back toward superpower status. The new Russia’s resurgence has been fueled — quite literally — by windfall profits from gas and oil, a big jump in defense spending and the cocky attitude on such display during the mauling of Georgia, its U.S.-backed neighbor to the south. Many now believe that the powerful Russian bear of the Cold War years is coming out of hibernation.

Not so fast. Predictions that Russia will again become powerful, rich and influential ignore some simply devastating problems at home that block any march to power. Sure, Russia’s army could take tiny Georgia. But Putin’s military is still in tatters, armed with rusting weaponry and staffed with indifferent recruits. Meanwhile, a declining population is robbing the military of a new generation of soldiers. Russia’s economy is almost totally dependent on the price of oil. And, worst of all, it’s facing a public health crisis that verges on the catastrophic.

To be sure, the skylines of Russia’s cities are chock-a-block with cranes. Industrial lofts are now the rage in Moscow, Russian tourists crowd far-flung locales from Thailand to the Caribbean, and Russian moguls are snapping up real estate and art in London almost as quickly as their oil-rich counterparts from the Persian Gulf. But behind the shiny surface, Russian society may actually be weaker than it was even during Soviet times. The Kremlin’s recent military adventures and tough talk are the bluster of the frail, not the swagger of the strong.

[Continue reading]

Popularity: 13% [?]