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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST
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To: energyplay who wrote (47111)3/5/2009 1:36:12 AM
From: dybdahl  Read Replies (2) of 217643
 
East Europe actually consists of several individual countries, which are very unlike each other.

A country like Ukraine has excellent demographics on paper (old people died), excellent health (you don't want to be unhealthy in Ukraine!) etc. But, certain people were either killed by Stalin or emigrated, leaving a vacuum in certain areas. Ukraine is not like Prague where you can find classical music on every corner. Worse, all the leading politicians grew up under communism, and they still have huge flaws in their systems.

The main problem with Ukraine is, that the Russian language is so big, that there is little use for other languages. This means that the western influence is not reaching common people, and that they don't know simple things like "what is wrong and what is right" or "what's mine and what's not mine". For instance, many rich people own land that the law says that nobody can buy. They got very surprised to hear that Madoff was reported by his sons - because they assume that all rich people are lucky crooks supported by their family.

Fortunately, Ukraine is a democracy and they have full access to knowledge, unlike people in Russia. And I hope that the current crisis improves things.
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