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How To Buy An Election, Vladimir Putin-Style
Catching many people off guard, Russia has suddenly re-emerged as a global, geopolitical hot spot.
Vladimir Putin's United Russia performed poorly in recent voting, and that's despite widespread allegations of vote tampering.
As such, there has been significant public demonstrations against the election outcome.
The below chart comes from the Citi report From Arab Spring to Russian Winter, which describes the vote as a "watershed moment" in post-soviet Russia. The fact that people are demonstrating highlights Putin's loss of grip; what's more, thanks to the mediocre economy, it may be hard for Putin to buy back the votes he needs.
You see, there's a decent relationship between areas in Russia that receive a high amount of government money, and those areas where people vote for the United Russia party (Putin's party).
The relationship was the same this year as it was in 2007 -- the more money the government spends in an area -- the more support United Russia gets. But the vote totals are down, and it's not clear that Putin can buy back his support.
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