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.”
—Judith Viorst (20th century)
“It is to be lamented that the principle of national has had very little nourishment in our country, and, instead, has given place to sectional or state partialities. What more promising method for remedying this defect than by uniting American women of every state and every section in a common effort for our whole country.”
—Catherine E. Beecher (1800–1878)
“Unfortunately, many things have been omitted which should have been recorded in our journal; for though we made it a rule to set down all our experiences therein, yet such a resolution is very hard to keep, for the important experience rarely allows us to remember such obligations, and so indifferent things get recorded, while that is frequently neglected. It is not easy to write in a journal what interests us at any time, because to write it is not what interests us.”
—Henry David Thoreau (1817–1862)