The evidence from the former communist countries gives lie to that neoliberal viewpoint.
May 20, 2012 § 1 Comment
The evidence from the former communist countries gives lie to that neoliberal viewpoint. In a recent study entitled Mass Privatisation, State Capacity, and Economic Growth in Post-Communist Countries, published in American Sociological Review, sociologists from the universities of Cambridge and Harvard claim to have established a “direct link” between the mass privatisation programmes followed by around half the countries of the region – enthusiastically urged upon them by western economists and western financial institutions – and the “economic failure and corruption that followed”. The more closely the countries followed western advice, and the more they privatised, the worse things became.