Catastroika: Privatization goes Public (2012)

It was at the beginning of 1989 when the French academic Jacques Rupnik sat at his desk, in order to prepare a report on the state of the economic reforms in Mikhail Gorbatsov's Soviet Union. The term that he used in describing the death rattle of the empire was "Catastroika". In Yeltsin's time, when Russia instituted maybe the biggest and least successful privatization experiment in the history of humanity, a group of Guardian reports assigned a different meaning to Rupnik's term. "Catastroika" became synonym of the country's complete destruction by market forces; the sell off of public property; and the steep deterioration of citizens' living standards. Now, Catastroika's unit of measurement was unemployment, social impoverishment, declining life expectancy, as well as the creation... read more
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Catastroika: Privatization goes Public (2012)