Family
Aug. 28, 2001
Capitalism in Russia Works No Better Than in Mexico
Ten years ago this month the communist government of Russia fell. Russia's new leadership promised freedom and a dynamic economy, but instead Russia has suffered an economic collapse possibly unparalleled in all of human history, despite tens of billions of dollars in Western aid. The grim Russian joke says it all: "What's free-market Russia's greatest achievement? It did in a decade what the Soviets couldn't do in 70 years - it made communism look good."
Ten years ago this month the communist government of Russia fell. Russia's new leadership promised freedom and a dynamic economy, but instead Russia has suffered an economic collapse possibly unparalleled in all of human history, despite tens of billions of dollars in Western aid. The grim Russian joke says it all: "What's free-market Russia's greatest achievement? It did in a decade what the Sov...
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