One of the neoliberals who ruined Russian economy in the 90s shocks MSNBC pro-war nest with his anti-war positions!
In 1992, the American government had passed the Freedom Support Act. Its aim was to help Russia reconstruct itself. Along with millions of dollars of aid, came a group of young American advisers, economists and political theorists, that had a radical vision of what was necessary. They called it ‘Shock therapy’. The aim was to remove all State control over the Russian economy as a stroke. All price subsidies will be removed, and all State industries privatized overnight. Their leader was a Harvard economist called Jeffrey Sachs.
Things didn’t work out as the theory predicted. On the first day of the plan, all price controls in Russia were removed, and the cost of all goods soared. Millions of people found themselves unable to afford even the most basic of goods, and with no one to help them. The only solution for millions of Russians, was to come out on to the streets and sell their belongings for anything they could get.
https://failedevolution.blogspot.gr/2018/04/one-of-neoliberals-who-ruined-russian.html
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