“Known as Avtovaz for short, it is one of the least efficient automobile factories anywhere in the world — each worker produces, on average, eight cars a year, compared with 36 cars a year at General Motors’ assembly line in Bowling Green, Ky., for example. Yet the [Russian] government is giving Avtovaz … billions of dollars in aid, no strings attached.” (New York Times, Tuesday)
Following the U.S. lead?
FEE Timely Classic
“Socialism and Incentives” by David Osterfeld
