Russian companies look to buy up globally
Published: 11 June, 2009, 18:06
Gazprom says it’s received an offer to buy a stake in Slovenia's largest fuel retailer Petrol while the nation's economy minister refuses to sell it. Last month Russia’s Sberbank bought into Germany’s carmaker Opel.
@Meslin, a great comment! That is exactly how the governments and the elites in the so-called "liberal" capitalism have fleeced the taxplayer. And in many, many other creative ways! They are liberal indeed. With other people's money, other peoples assets, and by pushing wars, other people's children. I am cautiously optimistic that the developing countries, especially those that did not fall for the "development model" of the liberal persuasion, are not doing business the same way. If they did, they would not have the money now, would they? Well, they will say that France had to sell those shares, as it needed money to fill its budget holes. Fair enough. But why did France, and other developed countries had to resort to selling their assets to support basics of the society, when once, they were the creditors of the world? Because they were giving away the assets. You see, at first the assets were given away in support of inane ideology that "private sector and free markets know best", and once having lost the shirt on the gamble, they have to keep on selling, just to keep the budget afloat. One day, historians and economists are going to have a field day with the Hubris that underpinned it all. But now Nemesis stalks the land.










Having russian companies investing globally is OK but what are the benefices for the average russian citizan ? To do this they must be quoted in New-York, Franckfort, London stocks market where speculations are the name of the game. As an example: Back in the 60s France had two great oils'companies: Elf and Total. Jointly, they developped the Sahara gisements and many others worldwide. At that time, they were nationalized, then owned by the french taxpayers. Supposantly to increase their influence in such a competitive World, their stocks were open to private interests. Consequently, now 80% of Total (Elf being included) belong to the american pensions' funds and the other 20% to the managing staff and western oligarchs. The french taxpayer has 0% plus the priviledge to pay one liter of gasoline 1,40 €. Same thing is happening to many other european companies. Globalisation work perfectly well for the few thousands creeps of this World, but rather badly for the little guy, where-ever he live. Copying the capitalistic system which recently showed to what extrems it can lead or beating it at its own game is not what I wish to be the best way to use for Russia and the other decent nations. Sincerely. Jean-Claude Meslin