Yachts 1223 feet long..

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Sybarite

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This is the combined length of Roman Abramovitch's fleet taking into account his new order of one at 558 feet long which will have two heliports and one submarine port. (New 558' Pelorus 377' Extasea 288')

The total length would have been 1593' if he hadn't given "Le Grand Bleu" to a friend as a gift.

For me this is the unacceptable face of capitalism especially when there is so much abject poverty in his own country. Why should one man be able to put his hands on a country's mineral ressources? It's not as if he built the business up from scratch.


John
 
unacceptable, nope

i'm afraid your view seems to derive from the popular yet simplistic notion of the economic resources of country (or a family, or a company) as following the "Fixed Pie" model.

Once this has been settled upon, then divvying up the pie becomes, well, like anyone would share a pie. I'd share a pie 50-50 with frinstance, no problem. If i'd earned all the money to buy the pie, and i have a *slightly" larger bit than you, but you'd still get 40or even 45% of the pie.

But realituy is not like that. The UK seems to have lartgely crusied past what (in my view) was a glaring mistake of Thatchers government - to bar hong Kong nationals from settleing in the UK. There wouyld have been several thousand new entrepreneurial people all ready to work like heck, start new busineses and all the rest of it. But unfortunately they were not granted entry.

Use the fixed pie on yourself: take your salary, div it up into what you can spend and etc etc, no massive yacht, usually. You can have 1 summer hol which numpties like policians who have no chance of trebling their salary in the forseeable future and quite a large chance of it beging halved or removed.

However, work harder, cut out spending on draggy-down things, get a better job, earn more money ...means a bigger pie. So, forget pies.

However...Abramovitch is a bit of special case in that he came acrioshis wealth by er peculair means folwing denationalisation.

Nonetheless - the money he got is derived from Russian oil being actually pumped and sold at world market prices. So somebody would have the money.

I think it quite good that he is putting to philantropic boat-spending - oodles of jobs for all sorts of industries inventing all manner of stuff, all taking a profit. Then the boat er is eventually worth loads less, and so no other markets destabilised either, fantastic. Think of his boats as a squillion pound tax on his hols, all directly divved to all those people/companies doing any work for those boats.

Seen this way...if abramovitch *didn't* have his wild boats - it would almost be a great idea to compel him to buy a large yacht. No, tell you what - lets make him buy a FEW yachts heheh. Oh, er, he has...
 
Re: unacceptable, nope

Perceived excesses eventually lead to their own downfall when people revolt; the antithesis in the communist dialectic.

It might be in his own enlightened self interest if he chose a less flamboyant lifestyle.

John
 
Yes, it's a disgrace that he didn't give "Le Grand Bleu" to me! /forums/images/graemlins/mad.gif
Had he done things differently, he could have had me supporting him here now instead of agreeing with Sybarite! /forums/images/graemlins/laugh.gif
 
Was looking at Le Grande Blue in Antigua last week. It's a hell of a ship complete with a big Mobo on side and a racing yacht on the other. Oh, and a helcopter etc etc
 
I reckon Pelorus is big enough. These are her in Lubeck for the footie;
153copy.jpg

154copy.jpg

Do they sell Y10 in gallons?
 
Assuming that they have something as simple as (say) a Laser II dinghy on board this fine vessel, does anyone think that the security gorillas would allow poor old Roman to go off for a little private pootle about with his ladyfriend in said Laser, without all the heavies following along behind bristling with weaponry?

Methinks probably not.
Maybe he might have no desire to do so.
Maybe he might want to if he sees that excellent link posted elsewhere on here re the Lasers all wiping out merrily and having loads of fun.

But if he does want to, and can't, who is better off?
Us or him?
 
Re: OK, acceptable, then.

[ QUOTE ]
Have you ever been in that Country?

[/ QUOTE ]

In case anyone is interested, I was given a statistic by a friend (who is an insider in the industry in Moscow) that there is approx $200,000,000 A DAY coming into Moscow from oil revenues alone (he didn't mention gas, which is another huge industry - not sure if he was including it). In any case, that is a huge amount of money, even allowing for possible exaggeration. Walking around the streets you can see it. Yes, there are still a lot of people in Moscow to whom the wealth hasn't filtered down, but it IS filtering.

The rest of Russia is a bit different. However I was in Donetsk last week (not in Russia admittedly, it's Ukraine, which has been poorer and less developed than Russia capitalism-wise). Donetsk is the industrial centre of the Donbass coal mining region, and I was expecting a desperately depressed and dirty city. What I found was another boom town, the centre at least was clean, immaculate, newly renovated and not only full of flash shops, entertainment complexes etc. that would have done many western cities proud, but also full of normal people spending money shopping, posh cafes, pretty indistinguishable from a small western city. For example, the nicest room (well actually, a 3-storey suite) at the Donbass Hotel there costs (I am told, didn't try to hire it) $10,000 a night. Likewise I was discussing it with the Finance Director of a huge local factory, who mentioned how manual worker's wages had been soaring. Still not that close to western European levels, but on the way.

OK, there is a lot of poverty as well, but alongside you can see a normal economy is taking off. Booming even.

Unlike Ukraine, Russia has the oil and gas. In a few years time, the way things are going, Russia will IMHO be seen as among the wealthiest European countries. With dependency on gas etc., it is certainly becoming more and more strategically important economically.
 
[ QUOTE ]
This is the combined length of Roman Abramovitch's fleet taking into account his new order of one at 558 feet long which will have two heliports and one submarine port. (New 558' Pelorus 377' Extasea 288')

The total length would have been 1593' if he hadn't given "Le Grand Bleu" to a friend as a gift.

For me this is the unacceptable face of capitalism especially when there is so much abject poverty in his own country. Why should one man be able to put his hands on a country's mineral ressources? It's not as if he built the business up from scratch.


John

[/ QUOTE ]

One may not find him morally acceptable. What I will say is that the man is smart, sharp, clever and quick. I think he has quite a unique business mind.
 
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