Russia under IMF Rule

Michel Chossudovsky The IMF-style 'shock treatment' adopted by the Russian Federation in January last precluded from the outset a transition towards a nationalist capitalist economy owned and controlled by a Russian entrepreneurial class and supported by social and economic policies of the state. This while narrowly promoting the interests of Russia's merchants and business tycoons, is already beginning to destroy the national economy and push the system of state enterprises into bankruptcy.