What Putin Thinks About Socialism

An excerpt from a Vladimir Putin speech at the World Econonic Forum in Davos, Switzerland:

"The concentration of surplus assets in the hands of the state is a negative aspect of anti-crisis measures in virtually every nation.
In the 20th century, the Soviet Union made the state's role absolute. In the long run, this made the Soviet economy totally uncompetitive. This lesson cost us dearly. I am sure nobody wants to see it repeated.
Nor should we turn a blind eye to the fact that the spirit of free enterprise, including the principle of personal responsibility of businesspeople, investors and shareholders for their decisions, is being eroded in the last few months. There is no reason to believe that we can achieve better results by shifting responsibility onto the state. "

This is, in essence, a Communist telling us what is wrong with Socialism and Statism.

His whole speech here.