How Capitalism Destroyed Russia

Video Description

If you're like me, you know way too many people who think Russia is communist, or that don't realize the USSR has been gone for three decades now. But even for those who do understand that Russia is is capitalist oligarchy, not many know the full story. Come learn about how the West subjected the former soviet countries to brutal free market shock therapy, and the disastrous consequences that followed. How Capitalism Destroyed Russia – Second Thought New video every Friday! Citations and Further Reading: Books https://books.google.com/books?id=G7pvDwAAQBAJ&printsec=frontcover https://books.google.com/books?id=VEh9geWgbjgC&printsec=frontcover https://books.google.com/books?id=WSsGEsBUsVcC&printsec=frontcover https://books.google.com/books?id=Eal2DwAAQBAJ&printsec=frontcover Videos https://youtu.be/v6euku8NhtY https://youtu.be/bKGdJop7L84 https://youtu.be/o8d6Vzi7zYg https://youtu.be/oF4QkLOP2jU Shock Therapy https://en.wikipedia.org/wiki/Shock_therapy_(economics) https://www.shortform.com/blog/russia-shock-therapy/ https://www.project-syndicate.org/commentary/1990s-shock-therapy-set-stage-for-russian-authoritarianism-by-katharina-pistor-2022-02 The USSR and The Russian Federation https://en.wikipedia.org/wiki/Dissolution_of_the_Soviet_Union https://en.wikipedia.org/wiki/1993_Russian_constitutional_crisis https://en.wikipedia.org/wiki/Mikhail_Gorbachev https://en.wikipedia.org/wiki/Boris_Yeltsin https://www.nplusonemag.com/issue-24/ukraine-supplement/states-of-shock/ Naomi Klein’s definition of shock doctrine/shock therapy https://www.theguardian.com/us-news/2017/jul/06/naomi-klein-how-power-profits-from-disaster Individual statistics, facts, and quotes: 250% increase in price following privatization https://books.google.com/books?id=G7pvDwAAQBAJ&printsec=frontcover 56% increase in unemployment http://news.bbc.co.uk/2/hi/health/7828901.stm 14.5% fall/ nearly 20% decline in industrial production/1,354% inflation/real incomes being cut in half https://books.google.com/books?id=G7pvDwAAQBAJ&printsec=frontcover Decrease in health and education spending https://www.greenleft.org.au/content/health-workers-teachers-challenge-yeltsin https://www.nytimes.com/2000/10/12/world/study-finds-poverty-deepening-in-former-communist-countries.html 12.8% increase in deaths http://news.bbc.co.uk/2/hi/health/7828901.stm 6 year drop in life expectancy in Russia 1991-1994/1 year drop due to Covid https://link.springer.com/article/10.1057/s41294-021-00169-w 85% under the poverty line/Yeltsin’s 35% “correction” https://youtu.be/bKGdJop7L84?t=693 Jeffrey Sachs’ “spontaneous market activity” quote https://books.google.com/books?id=G7pvDwAAQBAJ&printsec=frontcover The mafia’s origins in Yeltsin’s decree https://books.google.com/books?id=VEh9geWgbjgC&printsec=frontcover 47,000 then 90,000 privatized companies https://books.google.com/books?id=G7pvDwAAQBAJ&printsec=frontcover https://books.google.com/books?id=VEh9geWgbjgC&printsec=frontcover $20 vouchers and 14% of privatizations open to the public https://books.google.com/books?id=VEh9geWgbjgC&printsec=frontcover Graphs of wealth and inequality https://youtu.be/bKGdJop7L84 Sachs quote about prioritizing speed during the privatization process https://scholar.harvard.edu/files/shleifer/files/privatizing_russia.pdf Sachs quote about not prioritizing speed during the privatization process http://www.acamedia.info/politics/ukraine/jeffrey_sachs/What_I_did_in_Russia.pdf Sachs quote about the urgency of privatization before people caught on https://books.google.com/books?id=G7pvDwAAQBAJ&printsec=frontcover The IMF using its funds to push around economic reforms https://books.google.be/books?id=VEh9geWgbjgC&printsec=frontcover The centralization of power by Yeltsin https://www.nplusonemag.com/issue-24/ukraine-supplement/states-of-shock/ Favorable and extra press coverage for Yeltsin https://www.belfercenter.org/publication/assessing-russias-democratic-presidential-election Yeltsin election rigging https://www.nplusonemag.com/issue-24/ukraine-supplement/states-of-shock/ Sachs quote about workers councils https://www.brookings.edu/wp-content/uploads/1990/06/1990b_bpea_lipton_sachs_summers.pdf Follow and Support Second Thought! Twitter: https://twitter.com/_SecondThought Patreon: https://patreon.com/secondthought BuyMeACoffee: https://www.buymeacoffee.com/secondthought CashApp: $JTChapman About Second Thought: Second Thought is a channel devoted to education and analysis of current events from a Leftist perspective. Welcome! Business Email: [email protected]