Re: Russia’s economy
On May 9, 2007, at 6:19 PM, James Heartfield wrote:
Plainly, the idea that Russia is just a third world country being
sucked dry of its oil does not hold up, any more than that it is a direct
rival to US blue chip companies. The truth must be somewhere inbetween.
Of course it is, but who said that Russia is just a third world
country being sucked dry of its oil? The argument is that Russia is
not creating any new industries or investing in the capital
infrastructure necessary for future prosperity. It’s growing, but not
developing.
Doug