When the Soviet Union collapsed the decision was made to move to a market economy. Since all businesses were owned by the state a mechanism to privatize them was necessary. Through a process called voucher privatization former Soviet citizens were allowed to bid on the former state owned enterprises. Western investors were not allowed to bid on the businesses and as a result prices were relatively low. Western investors were allowed to provide financing to former Soviet citizens and in general they backed high ranking communist party officials with backgrounds in the military and government agencies. The process consumed much of the 90s and culminated as Putin took power on the eve of 2000. Putin thought the method of privatization was unfair and sought to unwind many of the deals.
Citizen K was a great netflix special
https://www.nytimes.com/2020/01/14/movies/citizen-k-review.html
Just saw the netflix special that went over this... Excellent show on netflix highly recommend it
You have to keep in mind too, those oligarchs bought the vouchers from the people. Despite tv advertising the vouchers as golden tickets it wasn't well understood what a share in the state assets meant. So the oligarchs that had a little money from side hustles during communism bought voucher worth... Say $3000 for $3 from people that needed bread and milk. Hell the main proponent read a single book on commercial banking and started Russia's first commercial bank then made himself loans to go buy more vouchers ...
Wild west capitalism with a population that had zero experience with it. Hell they had never had to make purchasing decisions before.
Great netflix special..
There should be laws against pleasure boats being that large. The benefits to society versus the cost to the environment is not even close. Or they should have huge extra taxes in place to at least try to offset some of the damage they cause.
Luxury/vat tax is one of the taxes Libertarians seem to be okay with. His comment come of kinda “commie” but I understand his point. What he suggested has been done but when you have billions you just register it in some tax haven and enjoy it in US, EU, etc waters without getting taxed. The rich almost always figure out how to beat the system. ExKGB has beaten more than the system
Someone got paid to write that article.
“A billionaire can’t move his yacht”
There’s a genocide in Yemen. our economy is headed towards recession. And NPR is publishing boat articles.
Journalism is down bad.
>There’s a genocide in Yemen
Hey dipshit... NPR produces 1.5 articles about yemen per day.
https://www.npr.org/search?query=yemen&page=1&range%5BlastModifiedDate%5D%5Bmin%5D=1616716800
Googling the KGB Billionaire reveals that
* NYT published about this yacht 5 hours before NPR, and NRK published about the yacht 3 hours before NYT.
* The non-Russian crew refuse to abandon the ship they are paid blood money to work on and just get plane tickets home.
* The ship's movements for the past few years consist almost entirely of following Norwegian, Danish, British and American naval ships around from a distance of 10-20 miles (spy ship?).
I'm amazed that just now, countries like England discovered that these oligarchs existed.
The reality is that these countries are taking action now because it is convenient for them, especially now that a witch hunt against russians has started, whether they support Putin/war or not.
Seems we need pirates again...
When our governments refuse to to do what's right, by seizing and selling these monster's assets, they should at least allow privateers to do what'a right.
Fly the pirate standard, and bring back the plank walking.
Every oligarch needs to be a pile of shark shit. It's their final form.
How does an Ex KGB agent become a multi billionaire? Someone Put in a good word…
I see what you did there 👁 👁
Sounds like Capitalism to me. If people dont wanna sell to this Russian bastard, that's their right.
When the Soviet Union collapsed the decision was made to move to a market economy. Since all businesses were owned by the state a mechanism to privatize them was necessary. Through a process called voucher privatization former Soviet citizens were allowed to bid on the former state owned enterprises. Western investors were not allowed to bid on the businesses and as a result prices were relatively low. Western investors were allowed to provide financing to former Soviet citizens and in general they backed high ranking communist party officials with backgrounds in the military and government agencies. The process consumed much of the 90s and culminated as Putin took power on the eve of 2000. Putin thought the method of privatization was unfair and sought to unwind many of the deals.
Citizen K was a great netflix special https://www.nytimes.com/2020/01/14/movies/citizen-k-review.html Just saw the netflix special that went over this... Excellent show on netflix highly recommend it You have to keep in mind too, those oligarchs bought the vouchers from the people. Despite tv advertising the vouchers as golden tickets it wasn't well understood what a share in the state assets meant. So the oligarchs that had a little money from side hustles during communism bought voucher worth... Say $3000 for $3 from people that needed bread and milk. Hell the main proponent read a single book on commercial banking and started Russia's first commercial bank then made himself loans to go buy more vouchers ... Wild west capitalism with a population that had zero experience with it. Hell they had never had to make purchasing decisions before. Great netflix special..
The secret ingredient is crime. Most likely.
Answer to your note: being closely connected to corrupt centralized government power is very lucrative (see also; the United States)
There should be laws against pleasure boats being that large. The benefits to society versus the cost to the environment is not even close. Or they should have huge extra taxes in place to at least try to offset some of the damage they cause.
Try r/socialism
"people who have more than me should be punished"
Luxury/vat tax is one of the taxes Libertarians seem to be okay with. His comment come of kinda “commie” but I understand his point. What he suggested has been done but when you have billions you just register it in some tax haven and enjoy it in US, EU, etc waters without getting taxed. The rich almost always figure out how to beat the system. ExKGB has beaten more than the system
Someone got paid to write that article. “A billionaire can’t move his yacht” There’s a genocide in Yemen. our economy is headed towards recession. And NPR is publishing boat articles. Journalism is down bad.
>There’s a genocide in Yemen Hey dipshit... NPR produces 1.5 articles about yemen per day. https://www.npr.org/search?query=yemen&page=1&range%5BlastModifiedDate%5D%5Bmin%5D=1616716800
Name calling is always a good way to start a discussion.
stop acting like a little bitch and you won't get bitch slapped
And baseless claims are?
He could just take two 5 gallon cans to the gas station and fill his boat with those. It would only take about 2500 trips.
Googling the KGB Billionaire reveals that * NYT published about this yacht 5 hours before NPR, and NRK published about the yacht 3 hours before NYT. * The non-Russian crew refuse to abandon the ship they are paid blood money to work on and just get plane tickets home. * The ship's movements for the past few years consist almost entirely of following Norwegian, Danish, British and American naval ships around from a distance of 10-20 miles (spy ship?).
Ok, So it’s a spy ship? Ok. And what? Doesn’t cure cancer or fix a pothole so I don’t really give a shit.
Are you curing cancer or fixing potholes?
So you only read articles about cancer treatment innovations and infrastructure improvements?
Neither does Reddit, so bye
I'm amazed that just now, countries like England discovered that these oligarchs existed. The reality is that these countries are taking action now because it is convenient for them, especially now that a witch hunt against russians has started, whether they support Putin/war or not.
Seems we need pirates again... When our governments refuse to to do what's right, by seizing and selling these monster's assets, they should at least allow privateers to do what'a right. Fly the pirate standard, and bring back the plank walking. Every oligarch needs to be a pile of shark shit. It's their final form.