Traditional values

[timelets]

When we talk about values it's important to realize that some of them didn't get a chance to be adopted by a certain culture. For example, Russia didn't have a chance to adopt respect for private property (see the paper on privatization) as an essential component of a citizen's rights. As a result, the culture doesn't have a good experience in resolving property-related conflict through courts and arbitration. Unlike in Jewish, Muslim, and Confucian cultures, property law is not a part of Russian orthodox community practices [Acemoglu; Zhuravskaya references]. Where other major world cultures have century-old precedents, Russians have either a void, or a Soviet-era negative attitude, reinforced by the unfairness of the 1990s privatization.
... talk about the disaster caused by the abolishment of Commercial Arbitrage courts.