PRIVATIZATION RESTORES A MONOPOLY.

In the April 19 Delovoy mir, Ivan Stoyanov points out that the Russian timber industry is now 80% privatized but that government policy has led to a restoration of a monopoly situation with all its attendant corruption and inefficiencies. That is because all the “private” companies must deal with a single state-controlled export authority. Stoyanov noted that this is “not the best basis for creating a market economy.”

A Chinese Model for Russia.