Putin's illiberal stagnation in Russia offers up a valuable lesson | Joseph Stiglitz

The west's post-cold war failures across the former Soviet bloc should not weaken its resolve to create democratic states

Today, a quarter-century after the cold war's end, the west and Russia are again at odds. This time, at least on one side, the dispute is more transparently about geopolitical power, not ideology.

The west has supported in a variety of ways democratic movements in the post-Soviet region, hardly hiding its enthusiasm for the various "colour" revolutions that have replaced longstanding dictators with more responsive leaders - though not all have turned out to be the committed democrats they pretended to be.

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