Posted on 07/14/2002 12:30:23 PM PDT by stalin
Russia is becoming more like the USA and the USA is becoming more like Russia.
Why does Russia have a devastated economy while America's is so powerful ?
Russia has resources ; Oil , gas , strategic metals , Iron , water , a well educated and under employed workforce ; Everything it needs to have a powerful economy. Yet it doesn't.
The USA doesn't have nearly enough and any of these recourses and relies on the rest of the world to supply most of them. Yet our economy is strong.
Why ?
The big difference between the two is corruption and confidence. Very few people including Russians will invest in Russia because their capital isn't protected from the well placed thieves and conman with political connections. They aren't put in jail.
In Russia well placed corporate criminals run the show. When the Soviet Union collapsed they stole Russia's capital recourses and sent it to safer markets ( like America ) where it was assumed the it would be protected from the criminals.
Much of the unprecedented economic expansion of the 90s was fueled by foreign investment in America.
Now it appears that that confidence was misplaced. Much of the money was stolen by well placed corporate criminals just like in Russia.
Conmen , swindlers , thieves , whatever you want to call them , must be punished for any economy to continue to thrive. That punishment must be severe enough as to properly deter this type of behavior.
If these thieves are seen as having benefited in the end then our economy is doomed.
For the sake of the nation , the corporate criminals at Enron , Global Crossing , Sunbeam , MIC , Andersen , Etc must do hard time. They must have their all of their assets taken from them and given as partial compensating to their victims. The CEOs are ultimately responsible. The ones that received the most of the ill gotten gains must be punished the most.
We can't be seen as being like Russia , where well placed thieves are not punished , or we will become like Russia. Capital flight will devastate our economy and we don't have resources to fall back on like Russia does. It will be our best looking woman the will be fleeing to other countries that punish their criminals and have men that can take care of them. It will be Americans lining up at foreign embassies to escape the grinding poverty of a failed nation.
TSDDT
Economically, if we destroy the world's trust in our corporations, we are in for a deep and poverty-stricken future. Furthermore, as we dilute the Constitution and Bill of Rights more and more, we are slowly evolving to the same police-state as the former Soviet Union was.
Joe you have a lot to learn about Russia. Almost everything you said about it was incorrect. They couldn't have carved out and maitained such an enormous empire for so long without being a powerhouse. The way they measured economic development was different and impossible to put into dollars but look at what they did. That kind of power comes from the use of vaste amounts of recourses both human and otherwise. If you could translate it into dollars it would be a huge figure.
They didn't have businesses like we do. Your theory on the reasons their economy collapsed after the breakup has some merit but not much. Their biggest problems then are the same as now - capital ( and other resource ) flight and lack of confidence.
That is what we are experiencing a small portion of now because of the lack of confidence in our economy created by the corporate criminals. It will get much worse if we don't correct it. Putting them in prison will help a lot and tell the world that you can trust our economic institutions.
I named myself after him.
So, in other words, your a geek with a sick mind and a degraded soul.
I agree.
ps- welcome to Free Republic.
Yes !!!! that's another way we are becoming more like them. I've been saying that formonths. That's what got me thinking about this issue as being another example.
AND a track-record of killing 300 billion sentient beings! Don't forget the 300 billion sentient beings!
The Red Age of Slaughter.... my proudest accomplishment..... thousands of Vironic Cruisers adrift and aflame off the Persillian Nebula.... *sigh*......
They couldn't have carved out and maitained such an enormous empire for so long without being a powerhouse.
The USSR was actually around for about 74 years. Of that 74 years they were a powerhouse for maybe 50 years. The way they did it even that long was by cracking the whip on their own people. They did not have near the living conditions that we have had here and really since the USSR came into play never have had.
That kind of power comes from the use of vaste amounts of recourses both human and otherwise. If you could translate it into dollars it would be a huge figure.
You're right, the USSR did use vast amounts of resources. At least human resources.
When Joseph Stalin killed 30 million people how many do you think could have helped his economy? They still have vast NATURAL resources. They're just broken up by nationality now.
Their biggest problems then are the same as now - capital ( and other resource ) flight and lack of confidence.
So, under the USSR the people were ALLOWED to take their capital out of the nation? The companys were ALLOWED to ship the natural resources overseas. I really don't think so.
The government was the one that determined where capitol and resources were used. And look where it got them.
Putting them in prison will help a lot and tell the world that you can trust our economic institutions.
I agree with you completely on this point.
That, OR, he Dubya truly would have looked as though he were a Sheriff cleaning up the fecal-mattered legacy of corrupt President who degraded not only the Presidency, but the American people.
"Besides he is affected with BushBalls. They don't seem to produce enough testosterone."
LOL -- Mandate-Schandate.
as faras Russia is concerned I agree with what you said and what you said confirms my post.
How can you offer me more than I have already accomplished? Having been the First Citizen of the entire Trenaxlorian galaxy, a simple party-boss position on an insignificant planet in a backwards solar system in an unknown galaxy is shooting quite under my potential.
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