Interesting read here on "disaster capitalism" and what powerful outsiders have planned for Ukraine's economy.
https://adamtooze.substack.com/p/chartbo...ithout-the
As always, the money people know how to turn any crisis to their advantage. Ukraine's economy is in terrible condition, and, as always, the international organizations that have sway over weak national governments impose the same kinds of conditions. Protections for labor are being stripped away. Foreign capital will come in to take over local industries.
It's the same austerity-for-you and wealth-extraction-for-me that always happens.
In fact this is quite similar to what happened under Yeltsin when the USSR fell apart. By imposing "shock therapy" on the former CCCP's economy, millions were impoverished while the well-connected few became wealthy. State industries were privatized, creating the famous "oligarchs." One of the reasons that Putin is popular at home is that he took many state industries semi-public again, lessened the power of the oligarchs, and helped to stabilize the economy. Currently despite the war Russia's economy is strong, the Ruble is strong, and various countries (Turkey, China, India) are going ahead with plans of cooperation.
If the IMF and the others who will pull Ukraine's strings in the near future do to Ukraine what they did to Russia under Yeltsin, it could cause real hardship for the people of Ukraine. One difference between Yeltsin's Russia and Ukraine: Russia didn't have a strong history of Nazism, or an active and popular Nazi party. If Ukraine goes into such austerity that the people are suffering, and the Banderites [aka Nazis] offer simple solutions, that could be bad.
https://adamtooze.substack.com/p/chartbo...ithout-the
As always, the money people know how to turn any crisis to their advantage. Ukraine's economy is in terrible condition, and, as always, the international organizations that have sway over weak national governments impose the same kinds of conditions. Protections for labor are being stripped away. Foreign capital will come in to take over local industries.
It's the same austerity-for-you and wealth-extraction-for-me that always happens.
In fact this is quite similar to what happened under Yeltsin when the USSR fell apart. By imposing "shock therapy" on the former CCCP's economy, millions were impoverished while the well-connected few became wealthy. State industries were privatized, creating the famous "oligarchs." One of the reasons that Putin is popular at home is that he took many state industries semi-public again, lessened the power of the oligarchs, and helped to stabilize the economy. Currently despite the war Russia's economy is strong, the Ruble is strong, and various countries (Turkey, China, India) are going ahead with plans of cooperation.
If the IMF and the others who will pull Ukraine's strings in the near future do to Ukraine what they did to Russia under Yeltsin, it could cause real hardship for the people of Ukraine. One difference between Yeltsin's Russia and Ukraine: Russia didn't have a strong history of Nazism, or an active and popular Nazi party. If Ukraine goes into such austerity that the people are suffering, and the Banderites [aka Nazis] offer simple solutions, that could be bad.
