Abstract
Russian president Vladimir Putin’s power grab and annexation of the Crimea has filled global news headlines as he attempts to reverse what he has called the «greatest geopolitical catastrophe of the twentieth Century» – the collapse of the Soviet Union. But it needs to be remembered that this conflict has its deeper roots in two ideas that have plagued the world for over two centuries: nationalism and government interventionism into economic affairs.
 In the early years of the nineteenth century the new nationalist idea of self-determination in establishing in what country people should live was considered a logical extension of the general idea of individual liberty and freedom of choice.
 Just as an individual should have the liberty to guide his own life according to his own values, beliefs and ideals; just as he should be free to peacefully associate with whomever he chose on the basis of commonly shared goals or mutually beneficial exchanges; so, too, individuals should have the freedom to choose in what political state they wanted to live.
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