The crisis has shown that government together with the central bank can secure financial market stabilization by allocating additional funds to credit institutions for increasing risk reserves and mitigating effects of “toxic” assets accumulation.

In terms of consumption Russia was seeking to “catch up and surpass„ the West, but was doing so in a unique style of glare and poverty “all in one„.

It’s possible to say surely that for many centuries two models of relationship in society co-exist — control (diktat!) or partnership, and predominance of one or another component determines the type of corresponding public formation.

The crisis has not only significantly influenced the economy, but also considerably lowered the standard of living.