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Article: Make the bear dance. (aid to the Soviet Union)(Special Issue: The Revolution That Failed)
- Article from:
- The New Leader
- Article date:
- September 9, 1991
- Author:
CopyrightCOPYRIGHT 1991 American Labor Conference on International Affairs. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The statistics tell a devastating story. Soviet output fell 10 per cent in the first half of this year, faster than the U.S. economy shrank in the Great Depression. The central government is running a huge budget deficit, inflation is mounting, shortages are getting worse. As conflicts between the republics heat up, and the authority of the Kremlin continues to deteriorate, economic decline is bound to accelerate. Optimists are predicting more severe shortages; pessimists are predicting a famine.
The Soviet economy clearly needs a potent remedy to reverse its plunge. Two prescriptions are available: strong planning, or free markets. In principle, a return ...