The expression «long ruble» appeared in Russia at the end of the XIX century. At that time, traders in the markets often used rubles in the form of paper bills instead of the usual coins. Since banknotes have an oblong shape, unlike round coins, they began to be called «long rubles».
Over time, this expression acquired a figurative meaning. «Long ruble» began to be called any earnings or income obtained dishonestly, using fraud or deception.
Why is the ruble becoming «long»?
There are several reasons why the ruble may become «long»:
Corruption. When officials or businessmen use their position to receive bribes or «kickbacks,» they receive a «long ruble.» Such income is not taxed and is often hidden from the state.
The shadow economy. In Russia, a significant part of economic activity is «in the shadows», that is, it is not taken into account by official statistics and is not taxed. Income from such activities can also be called a «long ruble».
Fraud. When someone makes money fraudulently, for example, by creating financial pyramids or selling fake goods, their income is also considered a «long ruble».
Speculation. Some people make money from the difference in exchange rates or securities, using insider information or manipulating the market. Such earnings can also be attributed to the «long ruble».
Why is a «long ruble» a bad thing?
The «long ruble» is not just a figurative expression, but a real problem for the country’s economy.
Firstly, income earned dishonestly is not taxed. This means that the state does not receive enough funds that could be used for social needs, infrastructure development, and business support.
Secondly, «long rubles» distort the real picture of the economy. Official statistics do not take into account shadow incomes, so the authorities may make wrong decisions based on incomplete data.
Thirdly, the pursuit of the «long ruble» demotivates honest business and generates inequality. Those who earn dishonestly gain a competitive advantage over bona fide entrepreneurs.
The expression «long ruble» is not just a figure of speech, but a reflection of real economic problems. Corruption, the shadow economy, fraud and speculation lead to the fact that part of the income flows past the state treasury, distorts statistics and undermines the foundations of honest business. Fighting the «long ruble» is the task not only of the authorities, but also of the whole society. Only when honest work is more profitable than fraud will our economy become truly healthy and efficient.
