There was a time when Gazprom chief A. Miller puffed himself up, pointed to sky-high oil and gas prices, and said that Gazprom would soon become the world’s most valuable company, with a market capitalization of $1 trillion.
And now, oil prices haven’t even crashed — they’ve merely fallen (a real crash would be $60 a barrel) — and the chart comparing the value of ALL Russian publicly traded companies with that of the single American company Apple is highly instructive.
And if you add Gazprom’s actual value — and the value it had in Miller’s dreams — the collision with reality becomes even more deafening.
That’s what comes of running the economy into the ground. And of fighting wars.
P.S. Vote, and once we defeat corruption, we’ll buy up all of Apple, lock, stock, and barrel.
People