In his 2002 book, Globalization and Its Discontents, Joseph Stiglitz goes over how he believes Russia’s transition from “communism” to a “market economy” failed after the collapse of the Soviet Union. Despite his mistake in stating that Russia was somehow “Marxist” in nature beforehand, it does explain how, with US assistance, the country continued to freefall to levels below what they were under the Soviet regime. The minute point I want to dissect from this, however, is his faith in then President of the United States, Bill Clinton, to have taken stronger action if he “had been confronted with the arguments”.
I doubt it.Continue reading “Consent Manufactured? Bill Clinton, Treasury, and Russia”