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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Ilaine who wrote (7568)10/4/1998 7:21:00 PM
From: Seaworthy Lyric   of 86076
 
CB,

Sorry for budding in with these few random thoughts:

<<He confirmed that in Russia, people say that the IMF money went straight into private Swiss bank accounts.>>

I think that the above statement is partially true but what is often forgotten in the west is that a lot of this money is allocated to the purchase of western products: Dell computers, GE plants, etc... If Russia of the 90's is anything similar to Poland of the 70's, they were basically buying products that could not be paddled in the west. This is only a hunch based on recent history.....but my guess is that this will be Russian interpretation of events that led to the present disaster.

<<In Russia, the level of education is high, there are factories and people to work in them, and there is demand, but there is no production. Why not?>>

A side note on this point: in these days of overcapacity extra production is not necessarily the cure, and Russians do not really have a great industrial history...What they do have is unlimited resources (a la Canada and Australia) , and my guess here is that in the near future a reactionary gov't will try to take advantage of this....The road to democracy is hard indeed...but like you said they are educated, extremely kind and proud people...They have survived suffering greater suffering........What really worries me is how quickly our administration has written off Russia and jumped on Latin America.....This could backfire in the near future.

Jerry
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