Austin wrote:In India we have a different experience with Privatisaton , I lived in an era where every thing was government controlled in 80'
It took 4-5 years to get one land line phone , Milk and Food was rationed and barely there was 2-3 car model on road , I can go on here.
With privatisation every thing has changed in Telecom Sector and Food Sector as well , Many Government industry are almost 100 % sold to Private player like Hotel Industry or Part Sold and currently Government is on a privatisative drive for Air India , Energy Sectors etc even Rosneft among others are bidding for them.
All in All Privatisation has been a Boon for India with far more positive then negative.
Even Rosneft has been Privatised under Putin with stakes sold to BP and other players recently.
If they plan out well then Privatisation will work out well and will benefit the People.
Privatization is a double edge sword.. and you need to be very careful how and where is allowed..
You have a point that private industries can work much faster than the Government.. but at the same time
you need to be aware of National Security too.. Because Neoliberal Privatization (the American way) is a way
to take control of nations without invading with tanks..
Somewhere i read.. that during the 90s.. the out of control privatization ,nearly destroy Russia
defense industry.. Because Americans were buying almost every business ,related with prime materials
important for the production of Weapons.. for the Russian military.. and so when they took control of one company.. they exported all the materials away from Russian market , DENYING Russia military defense industry
the materials they need to build missiles and tanks..
So you imagine the catastrophe that it will be ,if Americans buys most of Russia mines , lets say STEEL ,Titanium and Rare earth companies.. and they later use those companies to Sabotage Russia defense industry and force Russia to buy everything more expensive from abroad? and did you image what will happen if Russia sells its energy companies to Americans.. and later a world war 3 start.. and they blow up all the refineries and destroy the mines.. denying Russia access to those important resources.. Same with Privatization of Policy or Military..
Will you support India to privatize its Defense industry to Pakistan ? What could go wrong?
Or how about Privatize the electricity and all communications of India to Pakistan?
So Privatization is not always a solution.. National security is far away more important that all the money in the
world. Privatization is ok for Business that are not critical for Russia national security.. And Rosneft and Gazprom is party private , party government controlled.. if remember well Gazprom is 51% controlled by Russia government and the second biggest investors are Russian oligarchs.. and about 20% or 30% of the investors
What could go wrong if Russia privatize its Nuclear industry ROSATOM to Americans and or Ukraine nazis ???
What could go wrong? So privatization will not work for all things .. National security is not negotiable..
no matter how much money they offer you.. The problems with the Slow Russia economy is consequence
of Putin short sight economic model.. relying Russia commodities ..and not Modernizing Russia economy to the
21 century. People need to remember that China economy was inferior to Russia in the 80s.. and 90s// and China much more modern economy is what have allowed them to eclipse Russia economy.. The entire vision of Putin as a banana republic that rely on food exports and energy is the source of the problem..
In Business Perception is everything.. and business that shows no leadership , but instead SAME-ness.. of what every other third world nation economy is doing.. don't attract the biggest clients..and the biggest bussiness.
Russia simply needs to switch its economy from Commodities ,tourism and Sport bullshit contest.. towards
a Space Exploration and innovative leading High tech business aimed at influencing society.. Russia needs to directly compete with American silicon valley companies.. and stop ignoring US domination in world development.. and do something about it.. Is Russia the nation that needs to lead the world development and not Americans... as long Putin do nothing to counter western high tech popular business , the west will continue influencing the world towards their orbit..
There is also a lot of potential , in Russia developing an Advanced digital economy , not a bananas and wheat one.. to create millions of small jobs /family jobs of people selling directly to others and the government helping
in creating the platform for them to do business in a secure way.. Something like EBAY..Alibaba is what Russia needs to push.. that transform every single Russian citizen in a potential home business.. and this will boost innovation in the nation and promote major modern business to start..