• humanspiral@lemmy.ca
    link
    fedilink
    arrow-up
    1
    ·
    2 months ago

    Main message is: “Talk to Russia. Dangerous to be US’s friend. US is the one that feeds you Russophobia propaganda, and embarked you into the Ukraine adventure”.

    Headlines from Europe after today’s white house drama is “We will always love Ukraine, and hate Russia”

    Hmmm… I wonder who can sell weapons if Europe goes to war with Russia? It takes a special level of brain worm to follow up supporting the sabotage of your pipelines, to responding to economic coercion and military abandonment by also clinging to war on your new enemy’s traditional enemy.

    US is giving EU/NATO an opportunity for freedom. Doing the CIA’s wettest dream is the opposite of waking up.

  • TranscendentalEmpire@lemm.ee
    link
    fedilink
    arrow-up
    0
    ·
    2 months ago

    I would really take anything he says with a grain of salt…the dude is literally the person who invented shock therapy for post Soviet States. He’s not a reliable narrator and his only real goal is to spread Keynesian economics and convince authoritarian governments to privatize state assets.

    • davel@lemmy.ml
      link
      fedilink
      English
      arrow-up
      1
      ·
      edit-2
      2 months ago

      Not to paint Sachs as a perfect saint, but Naomi Klein really oversold his villainry in her book. Sachs was not the architect of shock therapy, which is a neoliberal economics project in direct opposition to Sach’s Keynesian economics school. As capitalist positions go, Keynesianism is comparatively good. He talked about it a little last year on Breaking Points. I tend to think that he was dropped into the former Warsaw Pact states when he was young, idealistic, and largely ignorant of US neocolonialism.

      • TranscendentalEmpire@lemm.ee
        link
        fedilink
        arrow-up
        0
        arrow-down
        1
        ·
        2 months ago

        I find it interesting that people here are falling over themselves to defend a capitalist economist. Is supporting Russian nationalism so important that we now defend a participant in the destruction of the Soviet system?

        • davel@lemmy.ml
          link
          fedilink
          English
          arrow-up
          1
          ·
          2 months ago

          You’re arguing with straw men. I’m not defending capitalism nor the destruction of the Soviet Union. Nobody is confusing Sachs for a comrade. I said, “as capitalist positions go.” There’s a difference between Keynesianism and neocolonial asset stripping of the commons.

    • wellfill@lemmy.ml
      link
      fedilink
      English
      arrow-up
      0
      ·
      edit-2
      2 months ago

      No he typically tries to stabilize economies, thats his expertise. He tried to argue that the US should have helped russia economically. His advice was mostly ignored by soviets and later by Yelstin during the horrendous privatization.

      But he is diplomatic, so yes he filters what he says.

      • TranscendentalEmpire@lemm.ee
        link
        fedilink
        arrow-up
        0
        ·
        2 months ago

        In 1989, Sachs advised Poland’s anticommunist Solidarity movement and the government of Prime Minister Tadeusz Mazowiecki. He wrote a comprehensive plan for the transition from central planning to a market economy which became incorporated into Poland’s reform program led by Finance Minister Leszek Balcerowicz. Sachs was the main architect of Poland’s debt reduction operation. Sachs and IMF economist David Lipton advised on the rapid conversion of all property and assets from public to private ownership. Closure of many uncompetitive factories ensued.[33] In Poland, Sachs was firmly on the side of rapid transition to capitalism. At first, he proposed American-style corporate structures, with professional managers answering to many shareholders and a large economic role for stock markets. That did not bode well with the Polish authorities, but he then proposed that large blocks of the shares of privatized companies be placed in the hands of private banks.[34] As a result, there were some economic shortages and inflation, but prices in Poland eventually stabilized.[35][independent source needed] The government of Poland awarded Sachs one of its highest honors in 1999, the Commander’s Cross of the Order of Merit.[36] He also received an honorary doctorate from the Kraków University of Economics.[21] Based on Poland’s success, his advice was sought first by Soviet President Mikhail Gorbachev and by his successor, Russian President Boris Yeltsin, on the transition of the USSR/Russia to a market economy.[37]

        Sachs’ methods for stabilizing economies became known as shock therapy and were similar to successful approaches used in Germany after the two world wars.[31] He faced criticism for his role after the Russian economy faced significant struggles after adopting the market-based shock therapy in the early 1990s.[38][39][40]