Khan, bias is the last thing I'd have cared about. I don't have problems with people having bias, I have problems with people who're being stupid.
Kasz216 said:
Some economic changes are built on the present. By presidents who make important changing reforms while in office.
Note how Bush is mostly blamed for the economic collapse... and Obama is trying to get credit for there beign any kind of recovery.
1) As for your articles... I see debates in them... but none of the articles or points seem to remotely deal with the economy. So... I don't see the point.
There was plenty of economic references in the article. It's just stuff you didn't critisize, because you couldn't.
To recap the economics arguement,
2) The reforms of the past, the Yelstin reforms and such were part of a process Putin finished. His early economic reforms (which were the successful ones) were ones that were pre-planned ahead of his presidency. At best you could give him credit for keeping with the plan.
His later economic reforms a move back to government ownership (2003 and on) have hurt the economies growth, Russia only benefitting due to the commodities boom... however hurting further growth that could of existed.
3) An example of something you could try to argue is....
"The Russian renationalization has had a limited, but negative impact on the economy, which is most evident in the current stagnation of oil and gas production, but also in banking, and machine building. Fortunately, two-thirds of the Russian economy is still in private hands, including the metals, retail trade, and construction sectors. The aggregate indicator that has suffered the most is investment, with Russia's official investment ratio remaining rather low despite the economic boom."
Why, if not due to renationalization, did Russian Oil production stagnate and investment stagnate, despite booming economic times in which private companies would generally increase their buisness? Is it a coincidence that Russian Oil Production growth rates dropped significantly as soon as Russian Oil companies faced renationalization? If so? Why?
If not, don't you have to concede renationalization has hurt the Russian economy? Same with investments.
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1) That's because Aslund article have nothing to do with the economy except of its main idea (I did mention that, no?) , which backed up by purely demagogic statements, and that spoils any rational tiny grain the article might have. That's why in these articles I've attacked or rather explained why Alsund has became a victim of such stereotypes.
2) None of documents I know have any sort of pre-planned reforms of any sort, except for random vague elections programmes maybe. You should be more specific here.
3) So you basically gave up on defending Aslund article and instead giving me random quotes? Well, ok then, let's move from Aslund article at last. You probably should not have ever mentioned it, but just state some points you find useful, because you'd have hard time defending it in its entirety :D
As for your question(s). Factual mistakes:
- The most prominent one, oil and gas production is actually growing :D
- It could be argued that the pace of growth has slowed down (define stagnation btw?), but government has bought it's shares back somewhere in 2003-2004. Last time I checked no slowdowns unitl 2008, what could be easily explained by more apparent reasons.
- Oil and gas production is among least nationalized big industries in Russia.
Anyway oil market is higly speculation dependant, the production rates may change wildly for numerous reasons, say, prices high - stop production, prices low - ramp up production, as the most banal example. OPEC countries doing it all the time. So if there any changes, I'd start searching for a reasons somewhere else than (re)nationalization. You'd probably should avoid these starightforward comparisons whatsoever, like nationalization = bad, privatization = good for economy - it's tad more complex :D or what you're trying to say? Don't get it.
BTW have you read the most recent Putin's economy-related article? There's a word or two about privatization ;D
UPD: As for the rest of the quote. Banking, not sure what exactly he meant... what kind of banking? As for machine building, bold no. If anything govermental conglomerates like OAK (aircraft building) and OSK (ship building) etc. saved a lot of valuable assets. You know, the business in the early-mid 1990s wasn't really hurry to somehow utilitize such assets with big added costs (let alone hi-tech), concentrating more on natural resources with minimal processing if any, or some 'cheap' industries like building construction, retail chains, light industries, i.e. smth on what you can profit relatively easy and fast. So hi-tech and other 'burden' assets have received bad handling, which desribed in funny word "prikhvatizatsiya", which is Russian compound meaning "looting + privatization" ;D Putin might not be a great economist, but he's a good manager.