Advancing National Interests
Instead of allowing the country's oligarch-controlled corporations to focus exclusively on making profit, Putin proposed that they should be used instead to advance the country's national interests, suggesting that Russia should reclaim some of the assets that were privatized during Yeltsin, and integrate them vertically into industrial conglomerates so they could compete better with Western multinational corporations.
Regardless of who is the legal owner of the country's natural resources and in particular the mineral resources, the state has the right to regulate the process of their development and use. The state should act in the interests of society as a whole and of individual property owners, when their interests come into conflict with each other and when they need the help of state organs of power to reach compromises when their interests conflict. —Vladimir PutinOne example of the concept is that energy corporations such as Gazprom should keep the prices inside Russia low, as a form of subsidy for the public, and only strive for maximal profit in foreign countries.
Read more about this topic: National Champions
Famous quotes containing the words advancing, national and/or interests:
“Craving that old sweet oneness yet dreading engulfment, wishing to be our mother’s and yet be our own, we stormily swing from mood to mood, advancing and retreating—the quintessential model of two-mindedness.”
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“The national anthem belongs to the eighteenth century. In it you find us ordering God about to do our political dirty work.”
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