But his refusal to privatize banks and regulate the capital market led to widespread asset-stripping and an economic crisis in 1997, which brought him down as prime minister.
Even if that proves true, Russia will still have more than 1,000 banks, most small, most hopelessly indebted and almost all badly run.Strangest of all, there has been no official censure of the widespread asset-stripping and book-fiddling which followed the August crisis.
In Bulgaria, a government-sponsored merger programme in the early 1990s was so badly designed that it led to widespread asset-stripping and insider privatisations.A better way to speed consolidation is simply to raise minimum capital requirements, forcing the weakest banks to seek new partners or shut up shop.
Yet the Yeltsin era was scarred by widespread corruption and asset looting; Gazprom was not immune.
He also has widespread non-media assets in Ireland, including in water, gas, hotels and football.
Climate change poses a critical threat to future development, particularly in areas where poverty is widespread and key assets such as infrastructure are underdeveloped for even current needs.
The Tea Party already has some formidable assets; widespread mass media name recognition, proven human energy, voter turnout skills, fundraising capabilities, supportive conservative think tank support and, unfortunately, little electoral competition for the above-mentioned objectives.
There is of course a second and much more disturbing possible implication of spiking lending rates in China - which is that the slowdown in credit creation will lead to tumbling asset prices, widespread bankruptcies and the crippling of the banking and wider financial system.
Strong intellectual property regimes are those that protect owners and producers of knowledge and inventions by excluding others from the exploitation of such assets, while weak regimes are those that encourage the widespread use of knowledge-assets, resulting from research and development investments undertaken by firms and individuals (Ordover 1991: 43).
And one big tail wind that propelled the popularity of emerging-market equities and other risky assets — the widespread availability of cheap credit globally — has slackened.
The government of a property owning democracy takes steps to encourage widespread ownership of productive assets and broad access to education and training; democratic socialism is similar but features worker-managed firms.
