The Harvard Professor Who Enabled Putin and the Oligarchs

It was under Clinton that the Harvard Institute for International Development let professor Jeffrey Sachs propose the economic “shock therapy” for Russia. This directly lead to hyperinflation and the give away of major industries to the lucky few who became Russia’s oligarchs. This was a f**k up on a historical scale. This chaos became associated with Westernization leading to the rise of strong man Putin to restore stability:

https://www.thenation.com/article/world/harvard-boys-do-russia/

https://www.nytimes.com/1992/01/22/opinion/IHT-shock-therapy-is-the-wrong-treatment.html

https://www.project-syndicate.org/commentary/1990s-shock-therapy-set-stage-for-russian-authoritarianism-by-katharina-pistor-2022-02

Author: Ben Slade

I'm a software technologist with a political bent. My views tend toward the contrarian and slightly curmudgeonly end of the spectrum.

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