Review: The New Cold War – by Edward Lucas
This book is a study of Russia in the post-communist era. It documents the rise of Vladimir Putin and identifies the ‘new cold war’ that envelopes Russia’s relations with the outside world. I found the book to be detailed with information and I was surprised by many of the features of the new Russia. I hadn’t realised that under Putin the Russian economy had been growing really well nor had I an appreciation of his soaring approval rating with his people. The Russian dominance of the energy market, in particular, gas, is quite daunting. I really enjoyed the chapter that focussed on the actual way this energy market is structured. The new Cold War won’t necessarily be fought in terms of military might and arms races. The Russian military strength is very dilapidated and they spend 25 times less on their military budget than the US. The new war will be fought in the markets with hard-hitting Kremlin-supported oligarch cash and the high profits from the energy market. I was surprised at the overall effect how that, since 1989, Russia has reverted back to its old Iron Curtain Soviet ways, despite me imagining that it was all freedom and capitalism there now. ‘Sovereign Democracy’ has quite different values to the political system we understand. The author has done his best in this book to explain what makes Russia tick and how we can possibly overcome a dark new era of global hostilities.