In 1857, Alaska was purchased from Russia. The Russians, it seemed, knew that there was a wealth of natural resources in the Alaska but were not able to govern it in such a manner so as to maximize their return. So, they sold it. Let’s call Russia’s plan to govern Alaska up until 1857 “ACES.”
Lots of wealth, for somebody, but perhaps not the best of management and we are not getting what we should for what ever reason. So, how do we improve the system? Let’s call Russia’s management decision to sell Alaska “SB21,” because they decided to seel now for immediate gain.