Will Russia Win a Great Nano-Racing? Focus on Creating a Productive Sectoral Sphere of Research and Development in Nanotechnology

#5. Cultural Revolution

Will Russia win a great nano-racing? Probably not! Corruption, powerful lobby groups which consume a significant part of financial resources, an aging staff and inadequate measures of power structures determine stagnation processes. On the world arena Russia is step by step giving up its advantage to more ambitious, energetic and purposeful.

Neoliberalism – the Brake of Modernization. The Russian Experience

#5. Constants Instability

Modernization of the economy requires a major investment. A lot of money and monetary resources accumulated by the state and private business should not leak abroad, should not deaden in unjustified reserves, should not be used for exchange speculations and be wasted for ostentatious luxury and merchants excesses, but should be directed at augmenting the real country’s productive forces, its capital stock, in other words, should be turned into investment.