Putin Shatters Our Faith in Rational Behavior

When you get something wrong, it’s sensible to ask why. The West has got Russia and Vladimir Putin wrong, bloodily wrong. The mistake is rooted in a flawed understanding of history, economics and human nature. If that sounds complicated, it’s not. It boils down to two simple truths. There’s more to life than money. People don’t always make sensible choices.

 

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