He added Russia had already simplified migration procedures to help attract “highly-qualified specialists” working in investment and high-tech sectors into the country.
Responding to criticism that Russia’s approach to building an innovation economy was driven from the top down and state interference could hinder development, Mr Medvedev said the state would concentrate its efforts on fostering a good business climate. “No matter how many state-owned companies we have, modernization will happen, above all, through private business. And only if there is competition,” he said. “The state should not tear down the apples from the tree of economics. What the government should do is help grow our apple orchard, develop our economic environment.”
Seems to me that that sounds an awful lot like Capitalism...minimal government intrusion, zero capital gains taxes....cutting taxes to increase investment and spending...hmmm where have I heard that?
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Both Russia and China seem to have embraced capitalism more fiercely than Barack Obama, who seems to be still living in the fantasyland of 1930-style liberal-socialist propaganda.
However, when visiting Russia a few years back, I got the impression that their idea of capitalism is quite different from that of Adam Smith. In fact, their idea of free enterprise may have been copied from Al Capone.
Of course, Wall Street also does not seem to pay much attention to Adam Smith anymore, as indicated in the article, Soviet-style capitalism on Wall Street
Good points John though your second link didnt work for me.
Im not convinced that Wall Street is the "Big Bad" that Obama and the media make out. Yeah there were some bad players but in the end they were playing by the rules that Big Government imposed on them. If the real principles of Adam Smith were left un muddied with by politicians trying to grab some Cash from the system then Wall Street would be forced into obeying the rules of Adam Smith. The problem is, that politicians tend to be the worst and greediest amongst us :(
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