Stop forcing Ukraine into a narrative of Moscow versus Washington

The Guardian, by Oliver Bullough, Tuesday 20 May 2014
Anyone who tells you Ukraine is a battle between Russia and the west is wrong. It is a lazy narrative told by ignorant people, but is helping create a genuine tragedy that we should all be concerned about.
The history of Ukraine's crisis began not in February, with Viktor Yanukovych's flight, but in 1991, with independence. Desperate to break communism, privatisers sold state assets as quickly as they could. They didn't care who got them; they just wanted private property to exist. They thought the new owners would insist on their rights, and thus build a stable society, governed by the rule of law.
It was the west that killed that dream. By moving their wealth offshore – to Austria, the Caribbean or the various UK-owned tax havens – Ukraine's property owners could enjoy western property rights, while benefiting from chaos at home. That turned the privatisers' calculations on their head.
Insiders snatched Ukraine's industries, with particularly powerful business clans in the cities of Donetsk and Dnepropetrovsk. They fought for control of the government in Kiev, but all had the same basic interest: to perpetuate chaos. The longer Ukraine was a mess, the richer they got.

Shadow economy

Goods and services are traded for cash, and therefore are not declared for tax.

Production Possibility Frontier and Opportunity Cost

Good explanaition of PPF.
www.youtube.com/watch?v=a5rxIY46J7s



Shape of the PPF and Opportunity Cost: www.netmba.com/econ/micro/production/possibility/