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How Capitalism Destroyed Russia

If you're like me, you know way too many people who think Russia is communist, or that don't realize the USSR has been gone for three decades now. But even for those who do understand that Russia is is capitalist oligarchy, not many know the full story. Come learn about how the West subjected the former soviet countries to brutal free market shock therapy, and the disastrous consequences that followed. How Capitalism Destroyed Russia – Second Thought New video every Friday! Citations and Further Reading: Books https://books.google.com/books?id=G7p... https://books.google.com/books?id=VEh... https://books.google.com/books?id=WSs... https://books.google.com/books?id=Eal... Videos    • The First Years of Russia: Shock, Cru...      • How “Shock Therapy” Capitalism Devast...      • Post-Soviet Russia: From Gangster Cap...      • How capitalism destroyed Eastern Euro...   Shock Therapy https://en.wikipedia.org/wiki/Shock_t...) https://www.shortform.com/blog/russia... https://www.project-syndicate.org/com... The USSR and The Russian Federation https://en.wikipedia.org/wiki/Dissolu... https://en.wikipedia.org/wiki/1993_Ru... https://en.wikipedia.org/wiki/Mikhail... https://en.wikipedia.org/wiki/Boris_Y... https://www.nplusonemag.com/issue-24/... Naomi Klein’s definition of shock doctrine/shock therapy https://www.theguardian.com/us-news/2... Individual statistics, facts, and quotes: 250% increase in price following privatization https://books.google.com/books?id=G7p... 56% increase in unemployment http://news.bbc.co.uk/2/hi/health/782... 14.5% fall/ nearly 20% decline in industrial production/1,354% inflation/real incomes being cut in half https://books.google.com/books?id=G7p... Decrease in health and education spending https://www.greenleft.org.au/content/... https://www.nytimes.com/2000/10/12/wo... 12.8% increase in deaths http://news.bbc.co.uk/2/hi/health/782... 6 year drop in life expectancy in Russia 1991-1994/1 year drop due to Covid https://link.springer.com/article/10.... 85% under the poverty line/Yeltsin’s 35% “correction”    • How “Shock Therapy” Capitalism Devast...   Jeffrey Sachs’ “spontaneous market activity” quote https://books.google.com/books?id=G7p... The mafia’s origins in Yeltsin’s decree https://books.google.com/books?id=VEh... 47,000 then 90,000 privatized companies https://books.google.com/books?id=G7p... https://books.google.com/books?id=VEh... $20 vouchers and 14% of privatizations open to the public https://books.google.com/books?id=VEh... Graphs of wealth and inequality    • How “Shock Therapy” Capitalism Devast...   Sachs quote about prioritizing speed during the privatization process https://scholar.harvard.edu/files/shl... Sachs quote about not prioritizing speed during the privatization process http://www.acamedia.info/politics/ukr... Sachs quote about the urgency of privatization before people caught on https://books.google.com/books?id=G7p... The IMF using its funds to push around economic reforms https://books.google.be/books?id=VEh9... The centralization of power by Yeltsin https://www.nplusonemag.com/issue-24/... Favorable and extra press coverage for Yeltsin https://www.belfercenter.org/publicat... Yeltsin election rigging https://www.nplusonemag.com/issue-24/... Sachs quote about workers councils https://www.brookings.edu/wp-content/... Follow and Support Second Thought! Twitter:   / _secondthought   Patreon:   / secondthought   BuyMeACoffee: https://www.buymeacoffee.com/secondth... CashApp: $JTChapman About Second Thought: Second Thought is a channel devoted to education and analysis of current events from a Leftist perspective. Welcome! Business Email: [email protected]