Quote Originally Posted by Ramil View Post
Crocodile, in Russia, we don't build infrastructure, we steal it.
Yes, I know that. So, let's assume that in reality only 10% of the budget can be spent on the infrastructure building, 40% is spent on the luxury services within Russia, and the 50% go to the Swiss banks. Let's live with it for a moment and assumet it's ok as long as the majority of people are not starving to death.

The point I'm trying to make is that the stabilization fund or any other government-owned fund for this matter is a waste of the capital. Remember the parable about the silver talents? So, in my humble opinion, presently 'saving money' for Russia is worse than hiding their talents in an underground storage. At least, the talents were silver and didn't depriciate that much, but the modern money is just a temporary agreement. I think a govenment cannot afford to 'save their money' by just storing it somewhere. In case of an emergency those money would evaporate very quickly. On the other side, if the same money is spent by the government to build infrastructure and generate more GDP, they can issue (=print) more money and the entire country would be richer.

So, it's not really a question of 10% or the 50%. So, it's not efficient. Ok. But I'm really having hard time to observe any kind of the wise infrastructure development. Am I missing anything here?