SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Russian Crisis - Is it a buying opportunity?

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dimitry A. Semenov who wrote (73)8/31/1998 12:57:00 PM
From: Josef Svejk  Read Replies (1) of 175
 
Humbly report, Dimitry, the key to the problem in Russia, as I see it, is contained in this paragraph of the article:

The problem is that in Russia, money does not turn into capital. All investments are hopelessly squandered through a combination of inefficiency and theft. For money to turn into capital, for investments to flourish, institutions must exist which guarantee such things as the lawful, predictable enforcement of contracts, reliable transportation of goods from one point to another, government neutrality in economic competition, and so on. None of those things exist in Russia. Contracts are unenforceable, basic reliable infrastructure is non-existent, and the government is not only unpredictable in its treatment of participants, but is at times deliberately destructive.

I have a hard time imagining how this can be changed - from the inside, or the outside. Aid nor force from the outside will change it, and I haven't a clue what measures can be taken to change it internally. You?

Cheers,

Svejk
abitare.it
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext