Re: Bearzilla! — Putins Economy Eight Years On
On Aug 16, 2007, at 1:18 AM, Chris Doss wrote:
Go to any store in Russia and walk around. :)
Well, any non-electronics store, that doesn’t sell software. That stuff is imports. Cars are about 60% imports IIRC. Anyway, who really cares? Only right-wingers say “poo, Chavez is only able to do what he’s doing because of high oil prices!”
I say that and I’m not a right-winger. Oil allows Chavez to do things
almost no other leader could do. Oil means plenty of ready cash and
low foreign debts, not only funding development schemes but also
insulating the country from IMF/financial market pressures. Russia
has low investment rates and doesn’t manufacture all that much, does it?
Doug