Tuesday 28 May 2019

The Private Sector in Russia

Sounds like a warzone! Maybe it would help if the government encouraged the establishment of the necessary legislative conditions that would allow genuine entrepreneurs to cooperate, with a view to enhancing their collective security. These associations would be able to pool financial resources and offer capital for investment and also insure members against bankruptcy, for example, so that the collective would not lose the capital invested in a start-up if it went bankrupt for some reason. And something could even be done by posting bail for trusted members in the event they are accused of malpractice. It is not only Russia that needs this, because most entrepreneurs are vulnerable to predation by vulture capitalist hedge fund investors like Bill Browder and Company (See Kim Iversen on Assange and the US Espionage Act).


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