Though the demise of the Soviet Union in 1991 may have been regarded as a positive event by Western historians and ideologues, a victory for and validation of liberal democracy, its impact on the lives of Russian people was devastating.
In her superb book – The Shock Doctrine (2007) – Canadian writer and journalist, Naomi Klein, sets out in forensic detail the way in which the Russia that emerged from the dissolution of the Soviet Union in the early 1990s was used as a laboratory by American free market think-tanks, gurus, and economists. They descended on the country while it was still reeling from the shock of the implosion with the objective of setting up a pure market economy shorn of any and all state intervention, wherein the market would decide who worked and who did not, who could heat themselves and who could not, who ate and who starved – ultimately who lived and who died.
The record shows that many did starve, did go cold, and did indeed die.
The beating heart of the shock doctrine methodology and ideology applied to Russia in 1991-92 was from the economics department of Chicago University, commonly referred to as the Chicago School. The major influence within the Chicago School was the late Milton Friedman, the man credited with devising the architecture of neoliberal economics based on monetarism. This is an economic model which places a focus on controlling the money supply as a way to anchor inflation, which he and his co-thinkers viewed, and still view, as the enemy of economic growth.
The human factor was relegated in order of importance by comparison, which meant ending any pretension of an economic system serving the interests of society. Now, under Milton Friedman’s theory, society existed to serve the economic system. The challenge, given the severe impact such an extreme economic model would have on the lives of millions, was how to implement it successfully with minimal resistance from the people it was harming. The solution was encapsulated in his statement: “Only a crisis - actual or perceived - produces real change.”
Complete story at - A recovery the West has never forgiven Russia — RT Op-Edge
In her superb book – The Shock Doctrine (2007) – Canadian writer and journalist, Naomi Klein, sets out in forensic detail the way in which the Russia that emerged from the dissolution of the Soviet Union in the early 1990s was used as a laboratory by American free market think-tanks, gurus, and economists. They descended on the country while it was still reeling from the shock of the implosion with the objective of setting up a pure market economy shorn of any and all state intervention, wherein the market would decide who worked and who did not, who could heat themselves and who could not, who ate and who starved – ultimately who lived and who died.
The record shows that many did starve, did go cold, and did indeed die.
The beating heart of the shock doctrine methodology and ideology applied to Russia in 1991-92 was from the economics department of Chicago University, commonly referred to as the Chicago School. The major influence within the Chicago School was the late Milton Friedman, the man credited with devising the architecture of neoliberal economics based on monetarism. This is an economic model which places a focus on controlling the money supply as a way to anchor inflation, which he and his co-thinkers viewed, and still view, as the enemy of economic growth.
The human factor was relegated in order of importance by comparison, which meant ending any pretension of an economic system serving the interests of society. Now, under Milton Friedman’s theory, society existed to serve the economic system. The challenge, given the severe impact such an extreme economic model would have on the lives of millions, was how to implement it successfully with minimal resistance from the people it was harming. The solution was encapsulated in his statement: “Only a crisis - actual or perceived - produces real change.”
Complete story at - A recovery the West has never forgiven Russia — RT Op-Edge
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