par far wrote:
calripson wrote:I simply illustrated that your criticism of Russian education is way off the mark. The reason they run these contests is so talent can be identified by western companies and poached. All those talented Russian programmers will get big fat offers from Silicon Valley. That is why one clever country does not compete - it funnels its talent into its military industrial complex. That country of course is Israel.
Why does Russia not do this?
I think your question is not really valid. Google and friends may try to poach Russian programmer talent, but that does not mean they succeed.
Clearly Russia retains all the new talent it needs. If the poaching was such a problem, then it would be a topic of discussion. Nobody is
covering anything up. In fact, the liberasts would gloat over it as it would be "proof" of "Putin's fail".
Russian funding of technological upstarts is real and not a gimmick. If there is a problem, is that the CBR clown show makes it
very hard for these startups to mature into SMEs. So the problem is not participation in world contests but in CBR sabotage
of Russia's economy.
The CBR is Putin's fail for real. He should never have allowed Nabiullina and her monetarist gang to take over. A huge amount
of credit goes to the previous regime at the CBR which never drank the inflation threat koolaid. It maintained the prime rate
at about 8% when the official CPI was 13-15% and allowed 50% annual increases in the money supply. This gave Putin a
solid base to revive the economy. If he let some monetarist take over, Russia would have stayed mired in the 1990s. Monetarists
would never allow a 50% annual money supply growth. And this would literally suffocate the economy since it was transitioning
from command economy token "pricing" to real market pricing.
Jeffrey Sachs and his Harvard Boyz shock-therapy witchdoctors may believe that prices equilibrate in under a year, in the real world
there are price transients lasting decades. We see them in the Russian MIC. It is nowhere near market pricing. And market
pricing converges to world levels. That is why the price of food in Russia during the 1990s quickly reach near western
levels even though the wages stayed low. The key detail is that not all goods and services behave the same way in terms of
price equilibration. The food commodity is not a universal template.
A side effect of the different relaxation time-scales for different goods and services is false inflation. False inflation is the
adjustment of prices from command economy meaninglessness to market levels. This is not real inflation since inflation
is only properly defined in equilibrated market regimes. Something monetarists utterly fail to grasp (if they are not being criminals).
So the 50% annual money supply increase allowed the prices to adjust without creating an artificial ruble shortage.
And there was no hyperinflation. A forced currency shortage is not conducive to economic growth. It is a species of
what Nabiullina and her gang are doing now. They are artificially constricting the circulation of money in the Russian
economy supposedly to fight inflation. But that is a lie. The "excess" money is satisfying actual net demand and not
just spuriously sloshing in the economy raising prices. Russia's developing economy actually fully sterilizes it.