Re:China-Russia trade has surged as countries grow closer
by rich_sasha on Monday March 07, 2022 @02:06PM
(#30591955)
Invisible hand might work in a liberal capitalist law-abiding society. Russia in 90s lacked most of these.
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Re:China-Russia trade has surged as countries grow closer
by mnau on Monday March 07, 2022 @02:29PM
(#30592252)
Trust me, most of former eastern block hasn’t been much better. Mine country certainly lacked it. There were no laws against most of the stuff that happened. You took a loan and had no collateral? Perfectly fine.
90s was the second biggest theft of last century(after commie nationalization/theft). All wealth concentrated in hands of few who then use the economic power as a leverage over politics.
I am pretty sure we got saved by EU, otherwise whole eastern block would be similar to Ukraine/Russia/Moldavia. EU forced a lot of laws and reforms that really helped and were needed.