In the 1990s, the Soviet Union fell apart, and Russia began moving towards a market economy. However, this transition brought with it a severe economic collapse, widespread poverty, and a sharp rise in organized crime.
If you think the collapse of the Soviet Union was good for the people, think again.
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As Mark Carney is installed into office, Johnny Vedmore explores his training at Harvard & Oxford, his secretive work on the collapse of the Russian economy, and his father’s relationship to the Canadian Catholic abuse scandal.
NYT hypes China threat: They’re reading the internet
That Beijing is mining publicly available information is not new or surprising but fear mongering about it in Washington is good for business.
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The Times was passing on findings from an analysis by threat intelligence company Recorded Future, which says a Chinese open-source intel company has been mining publicly available information from the Office of Net Assessment, a Pentagon think tank, and the U.S. Naval War College.
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Exclusive: Google, CIA Invest in ‘Future’ of Web Monitoring
The investment arms of the CIA and Google are both backing a company that monitors the web in real time — and says it uses that information to predict the future. The company is called Recorded Future, and it scours tens of thousands of websites, blogs and Twitter accounts to find the relationships between people, […]
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When we speak of concepts like “totalitarianism” and “corporatism,” it is often assumed that fascism stands very far from the liberal market society that went before it, and which we are still experiencing today. But if we pay closer attention to Italian fascism’s economic policies, especially during the 1920s, we can see how some combinations typical of both the last century and our own were experienced already in the first years of Benito Mussolini’s rule. A case in point is the association between austerity and technocracy. By “technocracy,” I refer to the phenomenon whereby certain policies that are common today (such as cuts in social spending, regressive taxation, monetary deflation, privatizations, and wage repressions) are decided by economic experts who advise governments or even directly take over the reins themselves, as in several recent cases in Italy.
When Liberals Fell in Love With Benito Mussolini
Jeffrey Sachs Discusses The War in Ukraine, ‘Shock Therapy,’ and More
Perhaps the most stunning bit of information in the interview comes from Sachs’s disclosure of the reason for the failure of “Shock therapy” in Russia. “Shock therapy” is the name given to the abrupt transition from the Soviet-style command economy to a market-oriented economy. It was a success in Poland, but a failure in Russia where it led to a depression deeper and more costly than our own Great Depression. Why? Sachs was an advisor to Poland and then Russia for the “therapy.” So he had witnessed a “controlled experiment,” as he put it elsewhere. At a certain point it the process, financial help from the outside was needed to revive the economy on a new basis. It was provided to Poland; but when Sachs called for the same help in Russia, it was refused by the West, specifically by the White House. This happened despite Sachs’s direct pleas to the White House. The depression that followed was neither accidental nor a surprise. Far from it. This was the first time that the US attempted to “weaken” post-Cold War Russia, an attempt that was eventually reversed under Putin.
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With the collapse of the Soviet Union, the United States Agency for International Development (USAID) funded a project by the HIID to help rebuild the Russian economy on the basis of western concepts of ethics, democracy and free markets. Jeffrey Sachs was said to have “packaged HIID as an AID consultant”. USAID were glad to accept help from Harvard, since they lacked expertise for such a project. The HIID oversaw and guided disbursement of $300 million of US aid to Russia with little oversight by USAID. HIID advisers worked closely with representatives from Russia, notably Anatoly Chubais and his associates. Once USAID accepted help from the HIID, HIID was in a position to recommend U.S. aid policies while being a recipient of that aid. It also put the HIID in a position of power overseeing some of their competitors. The project, which ran from 1992 to 1997, was headed by economist Andrei Shleifer and lawyer Jonathan Hay. HIID received $40.4 million in return for its activities in Russia, awarded without the normal competitive bidding approach.
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Ms. Cat’s Chronicles 
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