August 31, 2008

TAKING RUSSIA’S COLLECTIVE FARMS FREE-MARKET: “The business of buying and reforming collective farms is suddenly and improbably very profitable, attracting hedge fund managers, Russian oligarchs, Swedish portfolio investors and even a descendant of White Russian émigré nobility. Earlier reformers envisioned the collective farms eventually breaking up into family farms. But the new business model rests on a belief that Russia’s long, painful history of collectivization is destined to end in large corporate factory farms.”