Because Putin is doing just fine. But the people, the country, the world… Less so.
Putin’s last term in office was a success after all! Farcical though all these elections and inaugurations may be, they still mean something. They are milestones, where he looks back, re-evaluates and makes plans for the future. I think he’s happy with how things have gone: the economy hasn’t collapsed; factories are working and producing weapons; there is no shortage of food or essential items in the country; his cronies have learned how to get around sanctions; they have adapted to isolation.