What should be done, if anything, to compensate people who lost their bank savings when the USSR collapsed?
Al213 January, 2008, 17:45
That's a hard problem to solve but I think that the money to compensate the people who lost should come directly from those who profited from the fall of the USSR. The oligarchs. Is it practical to do it? No.
Nothing!
Ups and downs, collapses and sudden fortunes are very relevant and can happen in any given time and/or in any place.
What would you say to people who are earning in excess of 70% plus in today's stock markets or conversely lose millions, due to bad advice or speculative tendencies.
If there is a dire emergency, people should be compensated by handouts that safeguard their basic needs.
No more, no less.
After all, Govts are NOT GODS?
Or are they?
yes, the only difference is that all those "ups and downs" were not sudden (i mean of course they were... to the regular people). the few who bacame oligarchs are the same people, or were close, to those who arranged them, which in my book is as much of a crime as "insider trading". so yes the EXTREMELY fat cats need to undergo some shaking.
