I would really take anything he says with a grain of salt…the dude is literally the person who invented shock therapy for post Soviet States. He’s not a reliable narrator and his only real goal is to spread Keynesian economics and convince authoritarian governments to privatize state assets.
No he typically tries to stabilize economies, thats his expertise. He tried to argue that the US should have helped russia economically. His advice was mostly ignored by soviets and later by Yelstin during the horrendous privatization.
But he is diplomatic, so yes he filters what he says.
At least he has the decency to openly admit that what was done in the 90s was absolutely wrong, and I think he’s been an important voice denouncing US imperialism precisely because he’s seen how it works from the inside.
I would really take anything he says with a grain of salt…the dude is literally the person who invented shock therapy for post Soviet States. He’s not a reliable narrator and his only real goal is to spread Keynesian economics and convince authoritarian governments to privatize state assets.
What’s a better system then Keynes, monetarism or MMT?
I tend to not like any capitalist system as it will always decay into neoliberalism eventually.
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No he typically tries to stabilize economies, thats his expertise. He tried to argue that the US should have helped russia economically. His advice was mostly ignored by soviets and later by Yelstin during the horrendous privatization.
But he is diplomatic, so yes he filters what he says.
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At least he has the decency to openly admit that what was done in the 90s was absolutely wrong, and I think he’s been an important voice denouncing US imperialism precisely because he’s seen how it works from the inside.
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