This. Shock Therapy in Russia went so bad that it led to one of the worst quality of life drop in history, not related to war, and memetically innoculated whole generations from the ideas of free-market democracy, eventually leading to the current quasi-fashist state waging a war with a death toll in multiple hundreds of thousands. And even now, during the afformentioned war, people still manage to claim that at least it’s not as bad as the 90s.
In this sense, reasonable experts such as Joseph Stiglitz were completely vindicated.
And even now, during the afformentioned war, people still manage to claim that at least it’s not as bad as the 90s.
Because it isn’t (yet), at least for those lucky enough not to be drafted, or living in the border regions.
In this sense, reasonable experts such as Joseph Stiglitz were completely vindicated.
Sure, the 90s could’ve gone better, but I doubt that anything could’ve stopped the KGB from ending up in power. Yeltsin was far too clueless to prevent that.
Because it isn’t (yet), at least for those lucky enough not to be drafted, or living in the border regions.
True. And I think it speaks a lot about how bad the 90s were if several years of drop in a labor force, neccessity to bribe people to join the army and harsh sanctions by all the developped world is a cake walk compared to them.
This. Shock Therapy in Russia went so bad that it led to one of the worst quality of life drop in history, not related to war, and memetically innoculated whole generations from the ideas of free-market democracy, eventually leading to the current quasi-fashist state waging a war with a death toll in multiple hundreds of thousands. And even now, during the afformentioned war, people still manage to claim that at least it’s not as bad as the 90s.
In this sense, reasonable experts such as Joseph Stiglitz were completely vindicated.
Because it isn’t (yet), at least for those lucky enough not to be drafted, or living in the border regions.
Sure, the 90s could’ve gone better, but I doubt that anything could’ve stopped the KGB from ending up in power. Yeltsin was far too clueless to prevent that.
True. And I think it speaks a lot about how bad the 90s were if several years of drop in a labor force, neccessity to bribe people to join the army and harsh sanctions by all the developped world is a cake walk compared to them.