Neoliberalism – the Brake of Modernization. The Russian Experience

Modernization of the economy requires a major investment. A lot of money and monetary resources accumulated by the state and private business should not leak abroad, should not deaden in unjustified reserves, should not be used for exchange speculations and be wasted for ostentatious luxury and merchants excesses, but should be directed at augmenting the real country’s productive forces, its capital stock, in other words, should be turned into investment.