Russian President Mededev Gets It... Unlike Obama

"As our own nation drifts toward greater government control and regulation over the economy and means of production Russian President Medvedev gets it.

Russia's President, Dmitri Medvedev, addressed the annual St. Petersburg International Economic Forum yesterday. He pledged a new course for Russia:

Medvedev acknowledged that the government's expansion in managing the economy and the centralization of authority in the Kremlin under Putin was necessary in an earlier period of the country's post-Soviet development. But, he said, "this economic mode is dangerous for the country's future."

"The proposition that the government is always right is manifested either in corruption or benefits to 'preferred' companies," he said.

"My choice is different. The Russian economy ought to be dominated by private businesses and private investors. The government must protect the choice and property of those who willingly risk their money and reputation." ...

"Corruption, hostility to investment, excessive government role in the economy and the excessive centralization of power are the taxes on the future that we must and will scrap," he said. "

[Left Coast Rebel]