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|    rec.arts.sf.misc    |    Science fiction lovers' newsgroup    |    3,290 messages    |
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|    Message 1,417 of 3,290    |
|    Anton to All    |
|    Re: Socialism or Capitalism: What is bet    |
|    14 Aug 08 08:41:26    |
      XPost: soc.culture.baltics, soc.culture.czecho-slovak, soc.culture.russian       XPost: soc.culture.nordic       From: anton.usenet@gmail.com              James A. Donald kirjoitti:        --       > Anton:       >> Had the trade been a economical burden it would show       >> in the books.              > What showed in the books was the equivalent of over a       > billion Euros of unpaid bills, seven billion Finnish       > marka, an exceedingly large interest free "loan" to the       > Soviet Union, which is a fair bit for a country like       > Finland.              > Since the debt was interest free, and the Finnish Marka       > has been subject to substantial inflation, this boils       > down to Russians getting stuff, and Finns paying for       > it.              > Typical socialist trade and socialist economics.              Inflation was not that high from mid 80s forward. Russia did actually       pay in full the USSR's debt to Finland (I do not have data on if they       also paid interest). If the unit prices for imported stuff from the       USSR, like a barrel of oil, was way below market value, then it would       even out any loss in interest not paid.              --       Anton              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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