Russia is the Sick Man of the World— Market Mad House

Russia is now “The Sick Man of the World.” The phrase is a play on the 19th century term “The Sick Man of Europe.”

The Sick Man of Europe was the Ottoman Empire, once the more feared nation on Earth. However, by the early 19th century Europeans saw the Ottoman Empire as backward and terminally ill. For example, the once invincible Turkish military was incapable of defending the empire.

Ironically, Czar Nicholas I of Russia (a hero of Vladimir Putin) invented the term “Sick Man of Europe.” The Czar was complaining…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store