Saturday, March 7, 2015

Ben Tanosborn — From Communism To Monopolistic Capitalism In A Single Swoop


The author is unaware that the reason the resources of the former USSR were privatized and distributed to oligarchs and Russian mafia was advice from the Harvard boyz to divest the state as quickly as possible on the assumption that the free market would soon distribute these resources to those who could use them most efficiently. That was a pipe dream, of course, and it seems that at least some of these advisors may have profited themselves by being insiders.

Then he adds, "Perhaps the leaders of the new Russian Federation should analyze peredacha… and revisit glasnot and perestroika." Actually, this is what Putin did and ended Russia's slide into depression and instability, turning the situation around. This is why he is so popular in Russia today. Did he completely reverse it? No. but he did correct the issues that were undermining the country and turning it into a failed state that could only become a vassal of the West in order to survive.

Zero Hedge
From Communism To Monopolistic Capitalism In A Single Swoop
Ben Tanosborn

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