(3/n)
"...the lives of 👉3 million #Russians 👈 who would otherwise be alive today."(2)
After that, #Boris #Yeltsin's economic #ShockTherapy, masterminded by economists Yegor #Gaidar and Anatoly #Chubais, it is my hypothesis that it not only "...created #Russian #oligarchs and paved the path for #Putin."(3)
It also made #kleptocracy the cornerstone of the post-#Soviet political system in #Russia.
It must have also provided a...
@Jeramee @[email protected] @RadicalGraffiti
(11/13)
"...who would get what and for roughly how much...
#Chubais was willing to hand over the property without competition, without openness, and, as it turned out, for a bargain price, but in a way that would keep the businessmen at #Yeltsin's side in the 1996 #reelection campaign...Fueled by the immense power of the #oligarchs, #Yeltsin conducted #Russia's first American-style presidential campaign...
As #Yeltsin's..."
@Jeramee @[email protected] @RadicalGraffiti
(10/13)
"..about to slide back into communism, #Chubais and the #Yeltsin administration turned to a shady scheme known as "Loans For Shares." ...
When the government #defaulted on paying back the loans, as the schemers expected they would, the oligarchs would walk away with the keys to #Russia's most profitable corporations...
The auctions were a complete *farce*. #Chubais and his team had predetermined with the #oligarchs..."
@Jeramee @[email protected] @RadicalGraffiti
(6/n)
"...the first big shock to the #Russian economy when he lifted price controls in December 1991. As the Soviet economy collapsed, however, the policy ended up unleashing "hyperinflation..devestated ordinary #Russians."
"Meanwhile, #Chubais was tasked with overseeing mass #privatization...the former #SovietUnion was holding the world's largest garage sale and vouchers l...given to #Russian citizens...were the tickets to..."
@Jeramee @[email protected] @RadicalGraffiti
(2/n)
...know however, that their story is crucial to understanding the rise of #Putin."
The need to radically reform the economy was unavoidable. The reasons for this, however, were the #OctoberRevolution and the subsequent decades of an economic system that cannot work, #communism.
Russian President
"#Yeltsin turned to the #Russian economists Yegor #Gaidar and Anatoly #Chubais, who, with the aid of Western..."
HistoPol (#HP) 🏴 🇺🇸 🏴