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.

http://www.guardian.co.uk/commentisfree/2012/may/20/eastern-europe-neoliberal-disaster-arab-spring

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§ One Response to The evidence from the former communist countries gives lie to that neoliberal viewpoint.

  • thebizoflife says:

    I’m sure the hundreds of millions of people who died in the labor camps, gulags, and in the cultural purges under communism would strongly disagree if they still had a voice. The people I personally know from the former Soviet Bloc, Cuba or Venezuela have no desire to return to that form of government or economics.

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