The Russian government believed that the open sale of state-owned assets, as opposed to the voucher program, would have likely resulted in the further concentration of ownership among the Russian mafia and the nomenklatura, which they sought to avoid. Nevertheless, contrary to the government’s expectations, insiders managed to acquire control over most of the assets, which remained largely dependent on government support for years to come.
Because most people were not well-informed about the nature of the program or were very poor, they were quick to sell their vouchers for money, unprepared or unwilling to invest.[18] Most vouchers—and, hence, most shares—wound up being acquired by the management of the enterprises. Although Russia’s initial privatization legislation attracted widespread popular support given its promise to distribute the national wealth among the general public and ordinary employees of the privatized enterprises, eventually the public felt deceived, with most people selling their vouchers to survive the economic collapse following the soviet dissolution.
I don’t understand your point. The process of privatization had terrible results. It was managed by pro-capitalists and facilitated the corruption and rise in mafia power.
In the months before the dissolution of the Soviet Union in December 1991, soon-to-be president Boris Yeltsin began assembling a team of economic reformers led by Yegor Gaidar, then a young reformist economist, and including Anatoly Chubais. The reform team initially considered Swedish social democracy as a model for Russia, but Gaidar opted instead to study Hungary as a template and was influenced by Poland’s use of shock therapy. Both Gaidar and Chubais were convinced that despite Russia’s uniquely non-capitalist economic history, a market economy could successfully take hold in the country. Following the August 1991 coup d’état attempt, the economic situation in the country dramatically worsened and an acute food shortage emerged. In October, Yeltsin delivered a speech in which he declared that price controls would be lifted on January 1, 1992, over Gaidar’s recommendation that no specific date for the freeing of prices be given.
The purported goal of perestroika was not to end the planned economy, but rather to make socialism work more efficiently to better meet the needs of Soviet citizens by adopting elements of liberal economics.
Literally liberals doing a transition to liberalism under the guidance of the Washington Consensus, and you think the terrible results are the fault of socialism? Read some history please.
You are blabbering about the ‘terrible results’ no shit, the government was shattered into choas. No economic ideology going to prevents choatic economics. Its not what i am arguing.
Im litterally saying all the self claimed communists that were in position took advantage of the choas and grasped their own empire. You point to one man. I point to them all.
If you read any of the links to the people responsible for the implementation, you will see they were all liberal reformers, not communists. But you don’t care, you just want to blame someone else for the inherent failures of liberalism.
You did not answer my question.
https://en.wikipedia.org/wiki/Privatization_in_Russia
I don’t understand your point. The process of privatization had terrible results. It was managed by pro-capitalists and facilitated the corruption and rise in mafia power.
https://en.wikipedia.org/wiki/Anatoly_Chubais
https://en.wikipedia.org/wiki/Yegor_Gaidar
My point it was transfered exactly to the people already in positions of power…
That’s what happens when you have liberals in charge of reforming the economy. And the results really speak for themselves.
But they were ‘elected’ by the communist party… how can they be liberals?
https://en.wikipedia.org/wiki/Boris_Yeltsin
The dissolution of the USSR was led by liberals gaining power.
Literally liberals doing a transition to liberalism under the guidance of the Washington Consensus, and you think the terrible results are the fault of socialism? Read some history please.
https://en.wikipedia.org/wiki/Washington_Consensus
You are blabbering about the ‘terrible results’ no shit, the government was shattered into choas. No economic ideology going to prevents choatic economics. Its not what i am arguing.
Im litterally saying all the self claimed communists that were in position took advantage of the choas and grasped their own empire. You point to one man. I point to them all.
If you read any of the links to the people responsible for the implementation, you will see they were all liberal reformers, not communists. But you don’t care, you just want to blame someone else for the inherent failures of liberalism.
Nah. I blame oligarchs to always be oligarchs.