12 of 13 people found the following review helpful:
5.0 out of 5 stars
An excellent read, May 27, 2001
By A Customer
This review is from: Failed Crusade: America and the Tragedy of Post-Communist Russia (Hardcover)
As an American businessman who has spent the last five years in Russia, I thoroughly enjoyed this book. My own experience leads me to fundamentally agree with its basic premise. American policy by its unconditional support of Yelstin's regime has essentially aided and abetted the legalized theft of Russia's most valuable resources, impoverished the country and led to an increasingly virulent anti American sentiment. Whether or not one agrees with the authors assertion that the nature of our economic advice (pure capitalism with minimal government involvement; essentially a copy of ourselves) was wrong for Russia, I can attest from ground level to his point as to the arrogance with which it was often delivered and the resentment it has caused. This combined with the ultimate failure of Yeltsin's economic policy, NATO encroachment and the Kosovo bombing has caused the Russian people to begin to turn away from America. At the same time America seems to be turning away from them. The consequences of this cannot be good and I hope that whoever is making policy today reads and considers the message of this book. As the author points out several times, Russia was a great country and undoubtedly will be great again. When that time comes, their view of how we treated them in their time of difficulty will matter. A lot.
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4 of 5 people found the following review helpful:
4.0 out of 5 stars
Required reading re: the real Russia since 1992, July 12, 2001
This review is from: Failed Crusade: America and the Tragedy of Post-Communist Russia (Hardcover)
I have thought since the late 1980s that Dr. Cohen's analyses of Russia were closer to being true than those of other Western analysts. This book reinforces that impression for me. Although I found it written in an awkward style because of its general tone, Dr. Cohen's book is thoroughly documented in the footnotes section. I discovered quickly that the reason he couldn't put a specific person's name to a comment in the main text is because so many journalists/analysts had made the same comment.
At first I thought that the "Failed Crusade" meant the one put forward by Yeltsin and his cronies to reform Russia. I was wrong, it is the US's crusade to reform Russia into a US clone. While in theory that may sound like a good idea, in practice it has had disastrous consequences, some of which will last for decades and have serious implications for US-Russian foreign policy. More of us should be aware of the existing bias and arrogant attitude some Western policy-wonks, media reporters, and news analysts have regarding the collapse of the Soviet Union and the aftermath. Dr. Cohen has laid it out for us and it is our responsibility to see past the spin to what is really happening in Russia today.
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1 of 1 people found the following review helpful:
5.0 out of 5 stars
Brilliant studies of the dire effects of capitalist restoration in Russia, August 4, 2011
Stephen Cohen noted that the Soviet Union's self-destruction created `a Russian demographic catastrophe unprecedented in peacetime', `the unprecedented demodernisation of a twentieth century country', `the worst peacetime industrial depression of the 20th century', and `the worst economic and social devastation ever suffered by a modern country in peacetime'.
Between 1991 and 1998, GDP fell by 50 per cent, capital investment by 80 per cent, and livestock herds by 75 per cent. 75 per cent of the population were living at or below subsistence level.
The privatisations of the 1990s sold off a trillion dollars' worth of state assets for just $5 billion. Capital flight between 1992 and 2001 is variously estimated at $150 billion to $350 billion. All the time, the Clinton government backed the authors of this Catastroika, Gorbachev and Yeltsin.
Cohen argues that Russia needs a New Deal. It needs to direct investment into industrial and agricultural enterprises, to borrow to invest and to pay (and increase) workers' unpaid wages and pensions, to restore subsidies for education, science and welfare, to impose tariffs on imported goods to protect domestic enterprises, to tighten controls to stop bank malpractices and capital flight, to regulate key prices (especially food prices), and to renationalise at least some privatised enterprises, particularly in oil, gas, timber and strategic metals. (Nobel laureate economist Joseph Stiglitz agreed that some renationalisation is necessary.)
Russia should default; its debts should be forgiven, or exchanged for equity - in effect, investment - in Russian enterprises. Restructuring the debt, the usual IMF `remedy', only adds interest due, perpetuating the debt bondage.
Cohen's humane proposals run counter to the vicious policies proposed by the US state and its lackeys. For instance, Washington Post columnist Charles Krauthammer wrote, "it is in our interest that their economy not recover." Britain's International Institute for Strategic Studies agreed. The `young-reformer' and privatiser Alfred Kokh said, "the Russians deserved their miserable fate."
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