Russia's Crisis: Capitalism in Question

Ticktin, Hillel; Weissman, Susan

Publisher:  Against the Current, Michigan, USA
Date Written:  01/11/1998
Year Published:  1998  
Resource Type:  Article
Cx Number:  CX12780

THE ECONOMIC CRISIS in Russia is a trigger for the world-wide decline in stock markets and currencies rather than its cause. Russia has been in a sharp economic crisis for a decade, since Gorbachev passed the Law on the State Enterprise, which first introduced market disciplines to the USSR. On the other side, the world is in a supply glut with too many products and not enough buyers. The Russian debt default looks like the first of a number to come.

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