Chapter 726: Russia Equals One and a Half Fangchen?
Gaidar and Chubais intend to package up all of Russia's industrial assets, factories, shops, oil, gas, etc., set a price, and then divide it into certificates of deposit equal to the number of the country's population according to that price.
Russians can get such a voucher from the bank for a low price of 10 cents or 25 rubles, and they can use these vouchers to buy, invest in Russian factories, shops, oil, gas, etc., become shareholders of these factories and shops, and then receive profits and dividends.
That is, Gaidar and they, now intend to divide the industrial assets of Russia among all Russians.
"To be honest, I really didn't think that one day I would approve of the idea of a madman named Nesshur and intend to implement it. Chubais said with some self-deprecation, even dejectedness.
Ten years earlier, in the Soviets, some illegal underground publishing houses, had published a banned and banned book, Another Life, in which the author Neshul described the main role played by Soviet officials and factory managers in the Soviet industrial empire, but at the same time, Neshul speculated with astonishing foresight that if the Soviets were to succeed and splendor again, they would have to redistribute the assets of the Soviet state extensively, rather than letting the property end up in the hands of factory directors and elites.
In the article, he suggested that a special personal investment ruble of 5,000 yuan should be issued to each person in the country, which could be used to invest in factories, shops, enterprises, etc.
Naishur's underground manuscripts describe in fantastic romanticism the idea of mass privatization, in which the Soviets would create millions of shareholders.
In the book, he writes: "Your business will run normally, you will buy and sell normally, you and your employer will get a profit and dividends among you, you will pay attention to your business as if it were your own goods, and you will become the owner of the business!"
Chubais and Gaidar have written articles in which they have criticized and ridiculed Naishur's proposal for privatization, saying that his views are too complex and radical to be operational.
"No way, we need this kind of privatization now. Gaidar said helplessly.
Large-scale privatization is an important weapon for them to gain a foothold in Russia and gain Yeltsin's reliance, and they know very well that if Yeltsin had not counted on them to carry out economic reforms and sheltered them, they would have been played to death by those old foxes long ago.
So they must, according to Yeltsin's will, turn Russia into a capitalist state.
And this privatization could put an end to the privatization, or plundering, of the government by stubborn conservatives, elites, factory directors and managers like Rudskoi, who spontaneously appropriated their assets.
The voucher is a compulsory redistribution of property, the emergence of which will completely end the control of assets by the state, thus giving rise to a new kind of shareholder corps - the general public.
In addition, by issuing such vouchers, he can at least give the impression that all Russians have become masters of Russia, so that ordinary Russians are satisfied with Russia, with Yeltsin, with him.
"It's good, the voucher or shares, which reflect the real ownership of the country's assets, are the ticket to a free economy for the Russian people. Fang Chen said with a smile.
Gaidar's eyes lit up and he said: "That's what I mean, Russia is different from those old capitalist countries in the United States, their assets belong to each individual, while Russia's is the state, and now that it is a capitalist and free market economy, then we must find a way to distribute these properties to everyone." ”
"Fang, this is our definitive table of the value of Russian industrial assets, you see. ”
As he spoke, Chubais handed Fang Chen a thick folder.
Fang Chen opened the folder, and was shocked when he first read it, although he knew that Gaidar's price for Russian industrial assets would not be too high, but the price of 12 billion US dollars was really too low and too low.
All the industrial assets of the whole of Russia, hundreds of thousands of factories, shops, and one-fifth of the world's proven natural gas, as well as tens of billions of tons of oil reserves, are worth only 12 billion dollars, and this is not the price of cabbage, nor the price of jumping, but the price of cabbage jumping off a building - the price of rotten cabbage.
You must know that last year, the GDP of the United States was more than $6.1 trillion, and this $12 billion was not even a fraction of the United States.
If calculated by company, the revenue of the 500th place in the world's top 500 last year was 7 billion US dollars, and 12 billion US dollars is about the level of about the 300th place in the world's top 500.
What is this, Russia?
Rich and rival company?
And Fang Chen's current worth, if you calculate the market value of the companies under his name, is almost 450 billion Huaxia coins, more than 8 billion US dollars.
That is to say, the whole Russian industry, oil, natural gas and so many other properties add up to only one and a half dollars worth of Fang Chen.
What the hell is this!
Holding back the turbulent waves in his heart, Fang Chen continued to look down, but at this glance, he suddenly felt that the price of $12 billion was not low.
Below are the voucher prices of the major companies, and in first place is Gazprom, worth $228 million, which is also the most expensive of all companies.
Crazy, crazy!
Gazprom, which owns all of Russia's natural gas, is Russia's largest state-owned enterprise.
He just said that Russia has one-fifth of the world's natural gas.
One-fifth of the world's natural gas storage capacity is about more than 20 trillion cubic meters, and it is only 228 million US dollars, so if you calculate it in this way, one dollar can buy 100,000 cubic meters of natural gas.
Next up is the 100,000-worker Gil company, a well-known manufacturer of trucks and cars, whose voucher price is $16 million.
Fang Chen is familiar with the Volga Automobile Factory, which can produce 700,000 cars a year, and the price of a super-large automobile factory is 27 million US dollars.
Russia's largest biscuit factory, the Bolshevik Biscuit Company, $520,000.
Seriously, he really wants to buy all of these businesses at once.
"Gaidar and Chubais, are you two crazy, what's the difference between such a price and giving it away for nothing?" Fang Chen said in a deep voice, he couldn't stand it anymore.
Gaidar and Chubais looked at each other, smiled bitterly, and then said: "This price is indeed equivalent to giving it away for nothing, in the case of the Bolshevik biscuit company you are pointing to now, if you calculate according to the ratio of biscuit production volume to company value, the market value of the Bolshevik biscuit company's production per ton is only 9 US dollars, while the market value per ton of production of the largest biscuit company in Poland, Wedel Company, is 850 US dollars." ”
That is, with the same amount of production produced by the two companies, the market value of the Wedel company was more than ninety times that of the Bolshevik biscuit company. ”
"In terms of the value of workers in the company, each employee of the Gill Company is worth $160, while the average American employee is worth $100,000 or more. ”
They are all employees, and their knowledge and skills are similar, but the value of employees in Russia is only one-hundredth of that of American employees, Fang Chen really doesn't know how to say it.
He intellectually knew why Gaidar and the others set such a price, but he really couldn't accept it for a while.
"Well, you know, these prices don't matter, after all, they are all going to be distributed to everyone, even if I set the total price at 120 trillion dollars, it's just printing four more zeros on the vouchers issued to everyone, and there is actually no difference. ”
"Money is completely unimportant to Russians now, damn inflation and exchange rate depreciation have long eaten up the savings of all Russians, and they live on the salary that has just been paid to them this month. Gaidar said helplessly, even painfully.
Fang Chen nodded heavily, he knew and knew all this, in fact, the Russians were numb to the depreciation of the exchange rate, anyway, they spent the salary just paid this month, so how many more zeros were added to the payroll, or a few fewer zeros, what does this have to do with them?
If there is more wages, it can only mean that the currency has inflated again.
In this case, Huaxia Bank's business has also been greatly affected, if it weren't for Chen Mingyong and Ye Lina who have been increasing the interest on bank deposits, maybe no one would have deposited money in the bank.
But when Chen Mingyong and Yelena reported to him, they also said that if the depreciation of the ruble and inflation are not curbed, it is expected that in another half a year, no one will deposit money in Huaxia Bank, and Huaxia Bank will only face collapse next.
This is also the reason why he agreed to the franchise bank policy, and he needed to find another way for Huaxia Bank.
All of a sudden, all three fell silent.
After a long time, Fang Chen slowly spoke: "Gaidar, Chubais, we all know that we don't blame you, the savings of the Russians have long been numbers on paper, and their wealth has long been squandered in the arms race of the Soviets. ”
The Cold War, the war in Afghanistan, including the Star Wars program, had already hollowed out the economic lifeblood of the Soviets, otherwise the Soviets would not have collapsed, and the ruble would not have depreciated and inflation so quickly.
This is also the reason why shock therapy, which has been successful in Bolivia and Poland, has failed miserably in Russia.
In fact, Russia is already an empty shell giant, which has long been hollowed out inside, gold on the outside, and defeated in it, and a random wind and cold can kill him, let alone take the initiative to shock.
If it weren't for Yeltsin, who did the right thing at the last moment and handed over the country to Comrade Vladimir, Russia would definitely have gone from shock to real death!