The “golden billion” conspiracy theory claims global elites plot to hoard the world's wealth and resources, leaving the rest of the planet to starve — and it's become an increasingly common counternarrative in Moscow amid the Ukraine war.
Russian President Vladimir Putin is seen on a screen set at Red Square in Moscow on Sept. 30, as he addresses a rally marking the annexation of four regions of Ukraine occupied by Russian troops: Lugansk, Donetsk, Kherson and Zaporizhzhia.Russian President Vladimir Putin is seen on a screen set at Red Square in Moscow on Sept. 30, as he addresses a rally marking the annexation of four regions of Ukraine occupied by Russian troops: Lugansk, Donetsk, Kherson and Zaporizhzhia.
For years a fringe theory in Russia, the idea has been increasingly espoused by President Vladimir Putin and other top Kremlin officials as an attack line against the West amid a breakdown in relations over the conflict in Ukraine. Putin went on to describe the alleged plot as"racist and neocolonial in its essence" — a way for the West to divide the world into superior and"second-rate" nations.Theories — and conspiracies — about economic inequality and the cut-throat competition for global wealth and resources are nothing new.
Instead of Russia facing international condemnation over its actions in Ukraine, the theory attempts to place Moscow at the center of a global majority chafing at Western liberal values and political and economic dominance. Never mind that Russia considers itself a global superpower and is routinely accused of using its own energy resources as a foreign policy sledgehammer.
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