well, the unwholesome transition from a socialist planned economy to a free market economy by 'shock therapy'.
https://en.wikipedia.org/wiki/Shock_therapy_(economics). the 90's were a massacre in post-soviet russia. it is quite surprising they didn't return to communism back then, imo. empire lets these neoliberal economists (paul craig roberts helped with reagaomics) devise comprehensive plans to 'guide a country to a free(er) market' and then cherry-picks the stuff they like (tax-cuts, small government, demolition of social safety nets, ....). they gave the pillage that empire planned some academic veneer. sachs said they let him implement the plan as a whole in poland, but they stopped him halfway in russia. he has quite something to make up to russia.
well, the unwholesome transition from a socialist planned economy to a free market economy by 'shock therapy'.
https://en.wikipedia.org/wiki/Shock_therapy_(economics). the 90's were a massacre in post-soviet russia. it is quite surprising they didn't return to communism back then, imo. empire lets these neoliberal economists (paul craig roberts helped with reagaomics) devise comprehensive plans to 'guide a country to a free(er) market' and then cherry-picks the stuff they like (tax-cuts, small government, demolition of social safety nets, ....). they gave the pillage that empire planned some academic veneer. sachs said they let him implement the plan as a whole in poland, but they stopped him halfway in russia. he has quite something to make up to russia.