“True, the state’s increased role in times of crisis is a natural reaction to market setbacks. Instead of streamlining market mechanisms, some are tempted to expand state economic intervention to the greatest possible extent. The concentration of surplus assets in the hands of the state is a negative aspect of anti-crisis measures in virtually every nation. … We are convinced that those who will create attractive conditions for global investment already now and will be able to preserve and strengthen sources of strategically meaningful resources will become leaders of the restoration of the global economy.” – Vladimir Putin’s January 2009 speech in Davos
I found myself in a very awkward state when I read this. Though I agree with Mr. Putin, how can I argue with this flawless rhetoric? But I found it very ironic, Putin criticizing government intervention and discussing creation “attractive conditions for global investment” is like Muammar Gaddafi (or Bin Laden) criticizing terrorism.
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