How Russia Went from Ally to Adversary
https://www.newyorker.com/magazine/2023/06/19/how-the-west-lost-the-peace-philipp-ther-book-review
When it came to those reforms, did we give the Russians bad advice, or was it good advice that they implemented badly? And, if it was bad advice, did we dole it out maliciously, to destroy their country, or because we didn’t know what we were doing? Many Russians still believe that Western advice was calculated to harm them, but history points at least partly in the other direction: hollowing out the government, privatizing public services, and letting the free market run rampant were policies that we also implemented in our own country. The German historian Philipp Ther argues that the post-Soviet reform process would have looked very different if it had taken place even a decade earlier, before the so-called Washington Consensus about the benevolent power of markets had congealed in the minds of the world’s leading economists. One could add that it would also have been different two decades later, after the 2008 financial crisis had caused people to question again the idea that capitalism could be trusted to run itself.
https://www.newyorker.com/magazine/2023/06/19/how-the-west-lost-the-peace-philipp-ther-book-review
When it came to those reforms, did we give the Russians bad advice, or was it good advice that they implemented badly? And, if it was bad advice, did we dole it out maliciously, to destroy their country, or because we didn’t know what we were doing? Many Russians still believe that Western advice was calculated to harm them, but history points at least partly in the other direction: hollowing out the government, privatizing public services, and letting the free market run rampant were policies that we also implemented in our own country. The German historian Philipp Ther argues that the post-Soviet reform process would have looked very different if it had taken place even a decade earlier, before the so-called Washington Consensus about the benevolent power of markets had congealed in the minds of the world’s leading economists. One could add that it would also have been different two decades later, after the 2008 financial crisis had caused people to question again the idea that capitalism could be trusted to run itself.
Segment from Commanding Heights (2002):
