What capitalism does Russia need?: methodological guidelines of the “new industrialization”

Modernization of the Russian economy should be carried out taking into consideration global trends and contradictions of the country's socio-economic development. The first trend is predetermined by the transition to the sixth technological mode: the creation and development of bio-, genetic and nanotechnology, quantum computers and new composite materials. Countries that missed the stage of preparation for the beginning of a new Kondratieff wave (the growth potential is laid in the first 15-20 years of the beginning of the cycle), will at best enter the stage of catching-up development. The second trend is defined by global competition for human capital and consists in the outflow of talented Russian youth to the West. Russia should develop a concept for the preservation and enhancement of human capital, which will create natural barriers against the loss of intellectual capital. The undervalued “live labor” forms the basis of strategic contradictions of Russia's socio-economic development between the declared policy of innovative development of the economy and a weak demand for innovation on the part of private enterprises...