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Does that mean that Russia has twice as much enterpreneurs as prisoners? It's interesting how this article seem to already raise much more interest on news.yc

Does that mean that Russia has twice as much enterpreneurs as prisoners? It's interesting how this article seem to already raise much more interest on news.yc that the recent russian IT IPO with 8B valuation. I'd take it with a grain of salt if I were you. My mother owns a small cloth store in a town near Moscow and I'm positive that: - She's not afraid - She doesn't "share her profits with the police and people from the tax authorities" - Still she blames the amount of paper she have to submit (taxes, pension funds etc) and how careless then they interpret those papers.

rms 15y ago
Grain of salt, sure, but it's enough for me as a foreigner to never want to invest in Russia or do business with Russia (or similar states like China). The rule of law is sublimely important in having a functioning business economy. Maybe Russia is worse than China in that China everyone knows the rule is that you have to sell out to the government when they ask, and in Russia naive entrepreneurs are going to jail en masse.
- FlowerPower 15y ago
  Maybe somebody wants you to not consider investing in Russia or China, so these kind of "news" are told. The corruption exists, and it may be more so than in other countries comparativly, that does not mean it is not safe to do business in Russia, it just means that the corruption is open enough so we know about it, unlike the highly advanced countries where the corruption is a similary advanced skill.
dchest 15y ago
Have you read Yandex's SEC filing? If not, I encourage you to read the "Risks related to doing business and investing in Russia and the other countries in which we operate" section. http://www.scribd.com/doc/54292357/Yandex-F-1-Filing-With-SEC-04-28 http://www.scribd.com/doc/54292357/Yandex-F-1-Filing-With-SE... page 22. (Easier link: http://constructive-project.org/en/articles/25.htm http://constructive-project.org/en/articles/25.htm)
VladRussian 15y ago
>She's not afraid - She doesn't "share her profits with the police and people from the tax authorities" to say what you don't know what you're talking about would be underestimation. You don't _want_ to know, and as result you don't know. Like ostrich you like to keep your head in the sand and afraid to look around. Several weeks ago you was claiming till foam in your mouth that your employer - Yandex - doesn't share personal email and other users' information with FSB. You called it "conspirology". Moron. A few days after that Yandex officially reported doing it so. http://www.bbc.co.uk/news/business-13274443 http://www.bbc.co.uk/news/business-13274443 You're brainwashed by current Putin's regime, and as result your credibility about Russia is below 0, as i already told you so.
- guard-of-terra 15y ago
  First, you're doing an ad hominem attack right now against me - right now. This is sad. "Several weeks ago you was claiming till foam in your mouth that your employer - Yandex - doesn't share personal email and other users' information with FSB." Care to provide a link? Because if you don't, you have an acute case of lying, you should see a doctor for that. I would even be so kind to provide a link to our previous discussion: http://news.ycombinator.com/item?id=2452184 http://news.ycombinator.com/item?id=2452184 Quotes are welcome. Overall, you're behaving like a bitter and unpleasant person. You know everything even when not been exposed to the subject for several years; I know nothing and is an ostrich and my experience does not really matter; And I am also a moron. There is a word for your behavior, and it is "butthurt". http://www.urbandictionary.com/define.php?term=butthurt http://www.urbandictionary.com/define.php?term=butthurt
- guard-of-terra 15y ago
  Care to provide quotes? No, you don't. Слив засчитан.

rms 15y ago

Grain of salt, sure, but it's enough for me as a foreigner to never want to invest in Russia or do business with Russia (or similar states like China). The rule of law is sublimely important in having a functioning business economy. Maybe Russia is worse than China in that China everyone knows the rule is that you have to sell out to the government when they ask, and in Russia naive entrepreneurs are going to jail en masse.

FlowerPower 15y ago
Maybe somebody wants you to not consider investing in Russia or China, so these kind of "news" are told. The corruption exists, and it may be more so than in other countries comparativly, that does not mean it is not safe to do business in Russia, it just means that the corruption is open enough so we know about it, unlike the highly advanced countries where the corruption is a similary advanced skill.

dchest 15y ago

Have you read Yandex's SEC filing? If not, I encourage you to read the "Risks related to doing business and investing in Russia and the other countries in which we operate" section. http://www.scribd.com/doc/54292357/Yandex-F-1-Filing-With-SEC-04-28 http://www.scribd.com/doc/54292357/Yandex-F-1-Filing-With-SE... page 22. (Easier link: http://constructive-project.org/en/articles/25.htm http://constructive-project.org/en/articles/25.htm)

VladRussian 15y ago

>She's not afraid - She doesn't "share her profits with the police and people from the tax authorities" to say what you don't know what you're talking about would be underestimation. You don't _want_ to know, and as result you don't know. Like ostrich you like to keep your head in the sand and afraid to look around. Several weeks ago you was claiming till foam in your mouth that your employer - Yandex - doesn't share personal email and other users' information with FSB. You called it "conspirology". Moron. A few days after that Yandex officially reported doing it so. http://www.bbc.co.uk/news/business-13274443 http://www.bbc.co.uk/news/business-13274443 You're brainwashed by current Putin's regime, and as result your credibility about Russia is below 0, as i already told you so.

guard-of-terra 15y ago
First, you're doing an ad hominem attack right now against me - right now. This is sad. "Several weeks ago you was claiming till foam in your mouth that your employer - Yandex - doesn't share personal email and other users' information with FSB." Care to provide a link? Because if you don't, you have an acute case of lying, you should see a doctor for that. I would even be so kind to provide a link to our previous discussion: http://news.ycombinator.com/item?id=2452184 http://news.ycombinator.com/item?id=2452184 Quotes are welcome. Overall, you're behaving like a bitter and unpleasant person. You know everything even when not been exposed to the subject for several years; I know nothing and is an ostrich and my experience does not really matter; And I am also a moron. There is a word for your behavior, and it is "butthurt". http://www.urbandictionary.com/define.php?term=butthurt http://www.urbandictionary.com/define.php?term=butthurt
guard-of-terra 15y ago
Care to provide quotes? No, you don't. Слив засчитан.