The reconstruction of Ukraine
Anders Aslund writes: In his grand work Capital, Thomas Piketty has established that the total capital of a country, including everything, such as land and minerals, is historically usually four times GDP, that is, $800 billion for Ukraine, and much of this capital persists. The next question is how can this possibly be financed. Ideally, it should be financed by Russia as war reparations. Needless to say, the Kremlin is not likely to accept that voluntarily, but the beauty of…