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View Full Version : Shock-Therapy: The Steal of the Century



JanModaal
30th October 2010, 19:40
At this moment I'm quite interested in how the collapse of communism led to the privatization of state-owned industries in the formerly communist block and the robbery and scandals that took place.

In the mainstream the economic crises of the East were portrayed as on the one hand evidence of the economic collapse of communism itself while at the same time being a necessary shock-therapy to revive these economies and to integrate them into the global capitalist economy.

What happened exactly in Russia and East-Germany for example?

How did guys like Abromovich get so filthy rich?

Any good books on this?

So far I've read a bit of the unification of Germany and the Treuhand and how they completely screwed over the East-German workers and demolished that economy through following the orders of western multinationals who did not like the potential of competitors and instead wanted to conquer new markets all for themselves.

I've yet to find much information on these issues.

Care to help out?