THE ROLE OF STATE CAPITALISM IN ECONOMIC MODERNIZATION (THE INDIAN EXPERIENCE)
The economic reform in Russia was based on the elimination of the state as a "subject of economic relations in the country" [Gaidar, 1995, p. 189]. This orientation of the reform was based on the idea that unlimited "freedom of the market" and "freedom of entrepreneurship" are the best way to organize the economy. This postulate was considered as an absolute truth, valid at all stages of the development of society. In practice, the elimination of the state as a "subject of economic relations in the country" resulted in the chaotic forced dismantling of the entire system of public sector and state regulation, unrestrained privatization "according to Chubais" in the name of" destroying communism " [Newsland.ru, 8.02.2010], refusal of planning, etc. The result was a catastrophic drop in investment and production, degradation of the economic structure, and massive impoverishment of the population. According to V. Putin, "rich Russia has turned into a country of poor people" [Russian newspaper page 110ta, 8.02.2008]. Dmitry Medvedev, speaking at the last St. Petersburg International Economic Forum in June 2011, described the results of the 1990s as an "economic mess" that needed "state capitalism" to overcome [Rossiyskaya Gazeta, 20.06.2011]. When choosing between a quiet and steady progress and a rapid modernization of all spheres of the country's life, Dmitry Medvedev prefers the second scenario: "The notorious stability may hide another stagnation, so we need to quickly and decisively change everything that hinders breakthrough development" [Rossiyskaya Gazeta, 20.06.2011]. However, "breakthrough development" is planned to be achieved by the same methods that led to the failure of economic reform in Russia, the degradation of the economy and "economic disorder". The elimination of the state as a "subject of economic relations" is still at the forefront, primarily through large-scale privatization: "The Government has submitted proposals on the schedule of privatizatio ... Read more
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Eesti Online · 392 days ago 0 127
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Tallinn, Estonia
19.11.2024 (392 days ago)
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