After a bunch of tweets, including a series on Mexican avocado cartels, we get this:
Why old oil and gas tycoons were expropriated, while metallurgy oligarchs were spared and largely remained rich through the entire Putin's era? Because metallurgy is too complicated for Putin's friends to control it directly. They spared it, because they are too mafia to run it pic.twitter.com/s9qjP6kNQP
— Kamil Galeev (@kamilkazani) March 9, 2022
1990s oligarchs are more complex but lower in dominance hierarchy. They took something that they could administer without ruining it immediately - the metallurgy. Ofc they're ruining it slowly. They're depleting old deposits without developing new ones. But it will take time pic.twitter.com/OQC9R2zac1
— Kamil Galeev (@kamilkazani) March 9, 2022
I'll make a small pause and continue
— Kamil Galeev (@kamilkazani) March 9, 2022
And so forth. H/t Tyler Cowen.
