Wag the Dictator
In recent decades, Russian and Chinese conglomerates have gained ever more global economic influence, making them powerful foreign-policy tools for their respective governments. But now Russian President Vladimir Putin and Chinese President Xi Jinping are learning that they are the tools.
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NEW YORK – Russian President Vladimir Putin and Chinese President Xi Jinping have each championed a model of authoritarian capitalism (call it “development with a dictator’s face”). But what neither leader seems to have anticipated is that the Russian and Chinese commercial sectors are becoming political forces in their own right, increasingly bringing pressure to bear on policymaking.