Vladimir Putin Spoke In Favor Of Balanced Development Of Market Relations

President Vladimir Putin of Russia spoke in favor of balanced relationship between the development of market relations and questions pertaining to social justice. The head of state, speaking at a meeting with leaders of the major trade-union associations of Russia, stressed that trade unions should act as an instrument in balancing market relations and social justice, and the state should act as a guarantor of this balance. President Putin explained that, when speaking about balance, he meant that "persons working in a company should be protected against arbitrary actions by the administration". At the same time, said the President, this should not impede the development of a company because otherwise the workers would also feel pain. "If a company is unprofitable and obsolete, it is useless to hope for higher salaries and standard of living," said the President.