COLUMN-Russia's broken bankruptcy law: no quick fix: Jason Bush


-- Jason Bush is a Reuters columnist. The views expressed are his own -- By Jason Bush MOSCOW, Aug 27 (Reuters) - "Capitalism without bankruptcy is like Christianity without Hell." The old quip contains an important truth about the key disciplining role of bankruptcy in a well-functioning economy. Without an effective exit mechanism for failed businesses, you end up with something like the Soviet planned economy. Yet, as Russia's subsequent experience has shown, making bankruptcy work ...

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