The ever-present fear of state intervention in Russia
Bob Morris @ May 10th 2008 16:23 - Category: Unfiled
From Robert Amsterdam, who monitors and reports on what’s happening inside Russia.
This bit comes from Forbes, reminding readers of something we’ve been saying for years: Russia could be so much more successful if the state just loosened its grip on economy and society, and let natural ingenuity and innovation of Russian people reach its potential.
When businesses are afraid their assets may be seized arbitrarily and without recourse by the government (or thugs working under governmental protection) then it’s hardly surprising that the economy is in danger of stagnation or being controlled by shadowy forces loyal only to their own Swiss bank accounts.
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