Re: Good book "Great Careers in 2 Years".....



On Fri, 2 Jun 2006, rrc wrote:

Old Pif wrote:
In that case it is more effective as it allows concentration of efforts in specific direction
and does not loose time for the fruitless debates. I think that China is the example of
that. When it takes time to India and Russia to get to the right course, China just cut
across to the goal.

I think Russia's a thinly cloaked dictatorship and will probably catch
up faster than India. Its economy has a blend of the BPO, R&D,
manufacturing, and energy which can withstand the next major downdraft
whereas India's mainly in the services mode that'll suffer once the
US/UK world goes into its next recession.



A thing we have to remember, too, is that--according to something I read somewhere--the USA has blocked Russian membership in WTO and most favored
nation status right up to the present (surely a thorn for them), but they have managed to exploit their oil and gas trade to their own advantage (trade surplus). The "dictatorship" might be true to some degree, but they also lost control of some resources when some oligarchs got their hands on state assets through skuldugery, conniving, and scheming and the govt was trying to get its hands back on those assets. I have a notion that all of these "old world" and "3rd world" countries have vestiges of substantial corruption and you don't get rid of that overnight, either. Some of that anti-democratic name-calling by our govt might be a smokescreen; I followed
some of that news and the ripoff guys also dodged taxes over there. Taxes,
one of the big problems in all of the ex-communist countries. The business
guys all loved to make a bunch of money, but when the tax man came around
they all became invisible. I'd say Wash-DC isn't going to do Putin/etc any
favors, either. I don't know why since Wash-DC has been falling all over itself trying to do China a ton of favors (despite the dangers of that). Some decades ago the US gave tens of millions to help Russia convert to a market economy and how did that money flow to them? The vast majority of it came right back to expensive US-based consultants with connections to our own govt, and a tiny bit of money paid the bills at Hotel Moscow which housed all these guys in high style and at $300/day fees, feasts of caviar, etc. Beyond that, I doubt if Russia got much of anything out of it. WSJ articles in the early '90s were telling bizarre stories of all kinds of fancy, high-tech, military, electronics, jet planes, jet engines that were being sold off by the Russian govt at fractions of a percent of original costs to get western currency (that stuff Kamal says is worthless, but everyone else in the world would do
anything for it) and where that currency ended up might be no different than all the other 3rd world countries that got aid or loans from the US/IMF/etc: that money just got snarfed off the next day into a Swiss bank account and disappeared. They say Saddam Husein had a billion bucks hidden outside of Iraq, too.



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