state backed enterprises beating global competition

"The rise of mega companies is also part of a concerted Kremlin effort to lend a competitive edge to Russian industry and extend its reach into global markets.

Back in the 1990s, way before he became Russia's leader, Mr. Putin wrote a paper for his Candidate of Science degree where he argued that globalisation "demands all possible state support for creating strong financial-industrial corporations with an inter-sector profile on the basis of resource extraction enterprises." These entities should be "capable of competing on equal terms with Western multinational corporations." It is this programme that Mr. Putin is implementing today. He has consistently pushed for consolidation in "strategic sectors" under state control."

"The idea is to create 30 to 40 large holding companies in a range of fields in which the state will control at least 50 per cent of the shares." an article from The Hindu.

the words sound nostalgic to me. russia is today trying why india tried and failed - and india got the idea from russia in the first place and russia had failed in its earlier attempt!

are most humans wired in such a way that they can learn from history!