[lbo-talk] Mass Privatization Put Former Communist Countries on Road to Bankruptcy, Corruption

[ken hanly]

 Of course these worthies do not  suggest that perhaps privatization is not a good idea period. Privatization  must just been done right and at the proper pace with proper preparation. The article suggests that foreign ownership worked out better than selling off to nationals.

Cheers,. ken

 
Blog:  http://kenthink7.blogspot.com/index.html
Blog:  http://kencan7.blogspot.com/index.html

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Subject: [lbo-talk] Mass Privatization Put Former Communist Countries on Road to Bankruptcy, Corruption

Economic Policy on Edge
    Back
Mass Privatization Put Former Communist Countries on Road to
Bankruptcy, Corruption
Daniel Fowler    April 11th 2012
American Sociological Association

Bulgarian CP HQ, left to decay
Bulgarian Communist Party HQ, decaying and defaced

A new analysis showing how policies advocated by western economists
helped to bankrupt Russia and other former Soviet countries after the
Cold War has been released by researchers. Authored by sociologists at
the University of Cambridge and Harvard University, the study, which
appears in the April issue of the American Sociological Review, is the
first to trace a direct link between the mass privatization programs
adopted by several former Soviet states, and the economic failure and
corruption that followed.

http://www.thecuttingedgenews.com/index.php?article=72850&pageid&pagename
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