The executioners of our economy now will be the healer?

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The best way never to achieve sustainable growth in the economy of Russia to give “leadership growth” to those who already had economic power in the gold, foreign exchange years, and this growth is not achieved.

Палачи нашей экономики теперь станут ее целителями?

The Kudrin and Gref, with whom –

a) from year to year ceased to exist “the economy of simple things, the simple – light industry, food, pharmaceuticals;

b) lost their ability to produce the equipment, and sharply increased dependence on imported technologies;

C) Russia became a raw “backyard”;

g) year after year flourished “nationalization”, oligarchical, overconcentration of business in response to the lawlessness and bureaucratic prosecutors of the “roof” – with many words about “structural reforms”;

d) for years, decades is not normal loan, interest and inflation, and the monetary famine in Russia and its financial markets were forced to borrow abroad;

e) we were overloaded tax burden, which steadily rise;

f) was built of “Economics of prohibition”, where each of us was understood as a “jammer man”, “man stealing”, “people exporting”;

h) built unprecedented in the world of the offshore economy in which 70-80% of foreign investment was made through offshore companies;

and this economy was the most unstable among the 20 largest in the world, the worst among them, v2008, fully dependent on external factors, prone to explosive devaluations and the most unthinkable of financial shocks;

K) was (and is) an unprecedented simplification of economic ideology, when, are replaced by slogans any ideas beyond the same set used by those who are essentially losers in the economy. This is unheard of – losing a quarter of a century of industrialization! Not 25 years to normalize interest rate and inflation! Япония1950 and Япония1975 these are two different Japan.

l) “liberalism” in the economy became so reviled that a growing part of the population…

Well, it all happened.

Ahead year development programme for economic growth “Center for strategic research” under Kudrin and under the heading “Priorities for structural reforms and sustainable economic growth.”

This means that there is only structural reforms and more time for structural reform… Another 25 years of structural reforms?

Oh, all for the protection of property, an independent judiciary, reduce regulatory costs, for deregulation, for the creation of a real market environment. It is in words. Actually, we are waiting for
only these “structural reforms” – and no stimulation of growth. No use the most common international practices in economic and financial policy which, in addition to reforms, another deals with percentage, tax, exchange rate, credit availability, investments, etc. to help growth.

That is, another 25 years can be expected – in our distorted, semi-market, is extremely unbalanced environment when normalised ‘invisible hand of the market” credit, interest, inflation, exchange rate, taxes. And not wait.

It promises us a life full of adventure, the lives of those who left to himself in the most unfavorable among European countries the economic environment. Life can’t wait, it is fleeting and changeable; we can only pray to someone in heaven to be merciful to us, not driven the Russian economy into new whirlpools. Where it can all break.

Can break, because time is not merciful – it accumulates risks; and it will be hard to watch as the country slowly crawls from Brazil” (us global investors always took for her to “Great Colombia” and to the “Great Venezuela”.

Yakov Mirkin

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