For Russian President Vladimir Putin, a two-word phrase sums up the current state of world geopolitics: “golden billion.” Speaking this week in Moscow, Putin declared that the “model of total domination of the so-called golden billion is unfair. Why should this golden billion of all the population on the globe dominate over everyone and impose its own rules of behavior?”
The golden billion “divides the world into first- and second-class people and is therefore essentially racist and neocolonial,” Putin continued Wednesday, adding that “the underlying globalist and pseudo-liberal ideology is becoming increasingly more like totalitarianism and is restraining creative endeavor and free historical creation.”
For most readers in the United States or Europe, a “golden billion” probably means nothing. But in Russia, this phrase has been around for decades as a doom-saying shorthand to describe a future battle for resources between a global elite and Russians. And since February, the Russian government has been deploying the theory to argue that Russia’s isolation after its invasion of Ukraine was not because of its actions — but because of an inevitable global conspiracy against it.