“Back in early 2006, Russian president Vladimir Putin integrated all of Russia’s aviation companies into a single, state-owned holding — the United Aircraft-building Corporation.”
Now that is a formula for failure.
Limits on foreign investment in certain industries often makes sense for poor transitional economies.
USSR for example had an advanced LCD technology in the 1980s. The company engaged in it was put on market and bought by Toshiba for some ridiculous price. Everyone was fired immediately and machinery destroyed. Among other things the company was a sole producer of HUDs for all the Soviet military aircraft.
And a formula for more efficient and centrally controlled corruption. Above all, Putin’s regime is a gangster state based on the bonds and manifesting the practices fostered by stealing together.