Resilience of the Russian Economy Amidst Sanctions and War

Suzi talks to Ilya Matveev about the recent election in Russia giving Putin a fifth term in power—an election he argues was stage-managed from above. Matveev discusses how the Putin government, with increasing nationalist propaganda, has stepped up repression and persecution of critical voices against the war in Ukraine. He talks about Kremlin policy of silencing independent media, stopping public displays of opposition, and detaining critics with large prison sentences. While the economy hasn’t tanked—the war has provided a source for military Keynesianism—Matveev insists that Putin's ability to order an exact electoral result is a sign of weakness, not stability. The horrific terror attack of March 22 underscores that Putin is not managing everything well, even though he has cynically used the attack to blame Ukraine.

Jacobin Radio with Suzi Weissman features conversations with leading thinkers and activists, with a focus on labor, the economy, and protest movements.