'Dictators ride to and fro upon tigers from which they dare not dismount.' --Winston Churchill

Putin's History Lesson

BY RICHARD BOUDREAUX

MOSCOW—At the start of his second term as Russia's president, Vladimir Putin gathered some leading free-market policy wonks for brainstorming at his dacha. One of them, José Piñera, had been a cabinet minister in Chile during the 16-year dictatorship of Gen. Augusto Pinochet.

Mr. Piñera's advice went beyond economics and included a warning against holding "too much power for too long." Quoting the Russian poet Alexander Pushkin, he bluntly urged Mr. Putin, in a Moscow newspaper essay after the meeting, to retire after two terms: "Oh, kings, you owe your crown and writ/To Law, not nature's dispensation."

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