Tuesday, February 28, 2012


The recent extremely cold spell in Eastern Europe left many workers in peril of their lives with many homeless workers dying of the cold. This was not the fate of the wealthy minority however. "Monaco-based potash tycoon Dmitry Rybolovlyev has bought the priciest piece of residential real estate in New York City, paying $88 million for a Manhattan penthouse, the Wall Street Journal reported Thursday. Rybolovlyev purchased the apartment from a former head of Citigroup in the name of a trust for his daughter Yekaterina, a 22-year-old college student, the newspaper reported." (The MoscowTimes , 17 February) The demise of state capitalism in the former USSR has certainly ensured the warmth and comfort of the minority capitalist class in that country. RD

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