Russian Capitalism

Sir, - Russia has an unique opportunity to establish capitalism, in its true form, as the country's economic system

Sir, - Russia has an unique opportunity to establish capitalism, in its true form, as the country's economic system. In doing so her government can learn from the mistakes that have prevented our Western version of capitalism from achieving its full potential. Our system, exclusively concentrated on the production of wealth-flow, has failed to ensure equitable distribution of the profits generated by successful production. All benefits flow in one direction. As a result of this bias, social problems remain unresolved; poverty exists alongside great wealth.

Real profit-sharing wealth-flow distribution at source in a non-inflationary way, benefiting shareholders and employees alike, is the concept that, based on the impressive strengths of our Western capitalism, will help to eliminate its weaknesses.

Victor Chernomyrdin please note. - Yours, etc., Jack FitzPatrick, Ph.D,

Strand Road,

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Bray,

Co Wicklow.