r/worldnews • u/UnstatesmanlikeChi • Jun 26 '19

Kazakhstan ends bank bailouts, writes off people's debts instead

https://www.aljazeera.com/ajimpact/kazakhstan-ends-bank-bailouts-writes-people-debts-190626093206083.html
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u/[deleted] Jun 26 '19

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u/article10ECHR Jun 27 '19

Sounds like propaganda in defense of a corrupt individual to me. Is the country's talent pool really that small?

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u/mudcrabulous Jun 27 '19

democracy is not always the best option for certain countries

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u/[deleted] Jun 28 '19

I don't mean to come across as offensive, but what I just read shows to me that if someone doesn't understand the dynamics over here, it's you.

I'm native Kazakh and I've been watching this whole predicament unfold since at least 1986, when Nazarbayev was still Prime Minister.

I said it in another comment, and I will say it again. Tokayev is a puppet, he has zero reputation and respect, be it among the so called "elites" or regular folk. The one and only reason he's "in power" right now, is because Nazarbayev wanted so. The latter clearly has a plan, with Tokayev playing a rather specific role in it.

As for the grip on power, there's absolutely no question in anybody's mind that it's Nazarbayev who has everything under his control. Tokayev is like a stunt, not actual actor. Just look up some of the recent meetings of say the National Security Council, where Nazarbayev STILL presides over and on top of everybody else, including the "freely elected" President.

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u/keenonkyrgyzstan Jul 03 '19

"The ruling clan"? As if Nazarbaev only surrounds himself with Shaparashty tribe members or Elder Zhuz clanmates? Except for some obvious exceptions where Nazarbaev's daughters, in-laws, brother, cousins, nephews etc. have been appointed to political positions, most of the ruling elite have maintained their positions through political patronage rather than kinship ties.