No I am all for public investment - not SOEs - but building infrastructure china style - hardware - and all that. I believe gov SOES should be sold/privatized like yesterday and money used to build infrastructure - roads, rails, ports, airports and such. Without the best hardware - there is so much software can do. US is stuck because it's hardware has not been upgraded since Eisenhower built the expressways.
Russia has the fundamentals - their have very good education - especially on Maths and Sciences - large country that is 10% of earth (entire north pole) with lots of natural resources- very proud people - large population etc.
Obviously it has communist hangovers - and if they embrace market economy - I see them achieving their full potential.
They can learn from chinese or japanase - embrace market economy and retain your culture - they don't need to ape western europe.
Obviously this will happen when Putin dies - and new reformist gov come in - that would embrace the best western world offers (free market economy that foster competition and efficiency) - while keeping Russian eastern culture.
I thought you were for Chinese style mainly SOE, command and control heavy economy? Russia tried market economy in the 90's and ended with oligarchs looting the country dry. A market style economy requires the rule of law. Russia is a militaristic state more intent on causing trouble abroad than being economically efficient, it is basically a gangster fiefdom with nuclear missiles. Russian character is that of a bully and a knuckle dragger. They probably think its feminine to respect laws and what not. Basically they are like the Arabs in their mindset; savages who like glitz and luxury that comes with Western style consumerism but can't recreate it in their country so they party in London, Paris and New York. This the reason they hate the Magnitsky act because it deprives them of access to their favorite party and shopping spots.