National Champions - Advancing National Interests

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 Putin

One 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:

    “The age we live in is a busy age; in which knowledge is rapidly advancing towards perfection.”
    —Jeremy Bentham (1748–1832)

    “...America has enjoyed the doubtful blessing of a single-track mind. We are able to accommodate, at a time, only one national hero; and we demand that that hero shall be uniform and invincible. As a literate people we are preoccupied, neither with the race nor the individual, but with the type. Yesterday, we romanticized the “tough guy;” today, we are romanticizing the underprivileged, tough or tender; tomorrow, we shall begin to romanticize the pure primitive.”
    —Ellen Glasgow (1873–1945)

    “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)