[lbo-talk] Re: Sachs...

joanna bujes jbujes at covad.net
Tue Dec 7 16:46:48 PST 2004


Doug Henwood wrote:


>> If it had been done right, it didn't have to be any more of a
>> disaster than capitalism normally is - as in China, where the
>> authorities have remained in masterful control of the process.
>> (That's not to say it's been pretty or human - it hasn't been.) But
>> the Russian privatization was stupid as well as brutal, and threw
>> scores of millions into poverty. And the reaction to that poverty
>> wasn't any kind of left upsurge, either - it was more like detachment
>> and despair.
>
....and the concern with simple survival. If I remember right, life expectancy dropped about fifteen years in that period.

Joanna


>>



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