A note from the translator: I’m not the sort to deny myself or feel guilty about Schadenfreude, particularly when it comes to Russia and the Russian “élite” (whom I wouldn’t let come nearer me or mine than a – preferably spiked – barge pole would permit). So I couldn’t resist translating this for LR readers. (It was either this or more on the freon submarine).
That however, would have been more of the same – underfunded shipyard, loss of specialists, unpaid subcontractors, what one can expect for mothballing a complex piece of engineering for 22 years, poor planning of systems upgrades, and so on and so forth. The usual for Russia.
This, therefore, was the better laugh. Not feeling easy in a Bentley . . . The Rich are Selling Their Premium Class Vehicles; Working Folk are Buying Them.
Pavel Kalygin, “Our anti-crisis correspondent”
Novaya Gazeta
15 November 2008
Translated by Dave Essel
The world crisis is steadily worming its way into stranger and stranger places, confounding our dreams of stability and undermining our way of life and habits. The middle class is already profoundly affected and has lost everything: creditworthiness, quarterly bonuses, free lunches… But the premium class is striving to stand firm against the crisis. It is not proving easy for them as I discovered when I took a trip to the Rublevka and saw the scale of the damage, the actual costs of their battle. I was shaken: a Porsche Cayenne S, fresh from the factory in March this year, going for a mere 1,5 million roubles (~$55K)…
“That’s mind-boggling!” I said to Maxim Denisov, the manager of this second-hand car dealership on the Rublevka. “It’s worth twice that.”
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