Friday, September 26, 2008
The Underlying Cause of This Mess
Labels: Systemic causes
True, though Russia has to rebuild much of its infrastructure. Oil production is still inefficient, and they are having foreign oil companies come in to develop the fields and then forcing them out after they have done so (BP for instance). Foreign investment in Russia will die up if companies perceive that they have nothing to gain and everything to lose in Russian dealings. Russian healthcare is still recovering as is the Defense sector. They may actually be doing better in aerospace than the U.S. At least they can still get people to the ISS after 2010.
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