GLBL 210 Chapter Notes - Chapter NA: Anatoly Chubais, Finance Capitalism, Deflation
Document Summary
Communism fails, socialism fails, so now there is only capitalism. We don"t want to go back to the jungle, we all want a better standard of living, so you have to make capitalism work, because you don"t have a choice. We have to improve ourselves and follow the world rules It will probably require a national unity gov"t, because the burden is so big: anatoly chubais (key role in russia"s failed economic reforms and privatization) Went to washington to beg imf for aid to russia: communist-dominated russian duma/parliament criticized him for bending over for. Imf"s demands to reform economy along free-market lines: did not bother him because there was no successful alternative. Problem with brazil left: federal gov"t needs jobs and employment, ability to generate and distribute income (left has no plan to generate) All 3 gov"ts blew away all major ideological alternatives to free-market capitalism.
