Russia Copies an Idiotic Program

Russia is set to introduce its own car scrappage scheme following the success of similar programmes in the US and Europe in boosting car sales.

BBC: “Russia set for scrappage scheme

There may be environmental reasons for paying to get “clunkers” off of the road (they pollute a lot more than newer cars), but there is no economic reason for it. It’s pure absurdity. You can’t get richer by destroying your capital. Duh.

One Response to “Russia Copies an Idiotic Program”

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>