Capitalsut collapse

The well-known American political economist argues that the main cause of the so-called Russian crisis is the neoliberal shock therapy that has been pursued in Russia since the early 1990s. The IMF is directly responsible for the economic and social decline of the former Soviot republics. Instead of following the current Washington recipees, the policy of renewal should follow measures comparable to the original New Deal. (First published in Dollars and Sense, US.)