Dragonlady
Designing Woman
Wrong Eddie. When free market capitalism failed in Russia, the IMF and the World Bank blamed corruption, and crony capitalism - because the Russians refused to let American multinationals buy up the factories and publically held assets.
When free market reform fail spectacularly, as they have in Russia, it's not because the system doesn't work as advertized, it's because there was some flaw in the conversion - Argentina failed to nationalize the oil industry, Russia blocked foreign investment. But the results are the same everywhere - higher inflation, unemployment and prices, lower wages, no social safety net, increased levels of poverty. And the rich get spectacularly richer.
When free market reform fail spectacularly, as they have in Russia, it's not because the system doesn't work as advertized, it's because there was some flaw in the conversion - Argentina failed to nationalize the oil industry, Russia blocked foreign investment. But the results are the same everywhere - higher inflation, unemployment and prices, lower wages, no social safety net, increased levels of poverty. And the rich get spectacularly richer.