I noted YL's guarded restraint in “... high technology, though at a slower pace.” and “... on the second stage, I expect high technologies to actively actively develop in Russia.” This is where the USA is tops: the private investment in innovative IT and other high-tech stuff. Prior to their dot.com bubble burst in 2000, I had known of venture capitalists taking a hit on 90% of their portfolio, but making back and some more on the balance 10%. This almost frenzied and 'gambling-like' private-sector initiatives can never be undertaken by state bureaucrats. Who are better at investing in near-monopolies with official control of market pricing, like investing in highway projects with toll collections.