Sunday, February 8, 2009

Maybe it's just the worldwide economic "mega-catastrophe-that-will-surely-kill-us-all", but maybe it's also the fact that Russia  still doesn't truly believe in autonomous private ownership of corporations.

Advertisements are beginning to appear in newspapers and online, like one that offered “2,500,000 rubles’ worth of premium underwear for any automobile,” and another promising “lumber in Krasnoyarsk for food or medicine.” A crane manufacturer in Yekaterinburg is paying its debtors with excavators.

And one of Russia’s original commodities traders, German L. Sterligov, has rolled out a splashy “anti-crisis” initiative that he says will link long chains of enterprises in a worldwide barter system.
Click here for the New York Times article.

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