For those who are inexplicably worried about Russia’s alleged ‘resurgence’ as a major world power now that it’s economy is about the size of Italy’s economy (albeit far less diversified), the following article should be unalloyed good news:
In the Russian Federation, a country where hundreds of companies are launched every year, the plans to create yet another one would not be particularly noteworthy. Except that Russian Technologies is to be very different from most of the rest. It will be no capitalist venture conceived by a profit-seeking entrepreneur, but a corporation established by a decree of the Russian Parliament. A giant conglomerate with the state apparatus behind it, its official mandate will be to ‘develop Russia’s heavy industry.’
The ‘money quote’ being “with the state apparatus behind it”…presumably because it was proven that “state apparatus” was the key to how the Soviets developed technology and business methods far superior to those in the capitalist west, became fabulously wealthy and as a result won the Cold War and… oh, hang on… In other words, the clowns who run the Kremlin are going to try an approach used in the West in the 1960s and 1970’s of creating large bureaucratic ‘national champions’. And that is because that worked soooo well for us, right?
So clearly those who feel “something must be done about resurgent Russia” can now relax and just let nature take its course. Putin and his entourage of economic ignoramuses are screwing Russia and crippling its ability to ever develop a dynamic market economy. This will weaken the nation far more effectively than anything anyone else could do to them. I just happen to think it is a pathetic waste of people’s talents and potential.