05 November 2003

Yukos or Those Who Have vs Those Who Would Like to Have What Those Who Have, Have

It's difficult to write intelligently about the Khordokhovsky affair - to do so requires an understanding of what is going on. No one really does. There have been some very intelligent attempts to assess the impact. Most of them private; if you can get to read what Bernie Sucher and Eric Kraus are writing its worth doing so as they differ markedly from the newspapers.

However, both of them come from the buy/sell side of the asset management/ brokerage game. Their antennae are directed accordingly. As John Dizard put it in the most avertly cynical Make Money from the Crisis article; its probably only Khordokhovsky so buy in to a growing economy. Unfortunately its that greed that Putin and his advisors are banking on to get him through before we all forget.

They should sit for an hour and listen to young (immensely) educated Russians working for international companies before letting greed get to them. They are very concerned and have some understanding what it is to be in an overtly authoritarian regime. They hate it and hate the people who are pushing this policy - the ex-KGB.

Lets not paint Khordokhovsky as any kind of saint; as one of the few who has taken him on and come away with something I feel reasonably well placed to comment. He does not want a pluralistic democracy in Russia anymore than Putin. But he does need the rule of law so that he can hold onto what he took with the Government's money for nothing. But if that is a crime; they are all going to jail - Putin included.

For a good Russian take on this read Yulia Latynina in the Moscow Times Conspiracy Theories Abound

No comments:

05 November 2003

Yukos or Those Who Have vs Those Who Would Like to Have What Those Who Have, Have

It's difficult to write intelligently about the Khordokhovsky affair - to do so requires an understanding of what is going on. No one really does. There have been some very intelligent attempts to assess the impact. Most of them private; if you can get to read what Bernie Sucher and Eric Kraus are writing its worth doing so as they differ markedly from the newspapers.

However, both of them come from the buy/sell side of the asset management/ brokerage game. Their antennae are directed accordingly. As John Dizard put it in the most avertly cynical Make Money from the Crisis article; its probably only Khordokhovsky so buy in to a growing economy. Unfortunately its that greed that Putin and his advisors are banking on to get him through before we all forget.

They should sit for an hour and listen to young (immensely) educated Russians working for international companies before letting greed get to them. They are very concerned and have some understanding what it is to be in an overtly authoritarian regime. They hate it and hate the people who are pushing this policy - the ex-KGB.

Lets not paint Khordokhovsky as any kind of saint; as one of the few who has taken him on and come away with something I feel reasonably well placed to comment. He does not want a pluralistic democracy in Russia anymore than Putin. But he does need the rule of law so that he can hold onto what he took with the Government's money for nothing. But if that is a crime; they are all going to jail - Putin included.

For a good Russian take on this read Yulia Latynina in the Moscow Times Conspiracy Theories Abound

No comments: