Of course Yeltsin was a big part of the problem too.
Of course Yeltsin was a big part of the problem too.
There was such a plan, at least in the twisted minds of the people behind the Washington Consensus. They were calling it privatization or price liberalization or some other non-sense like that, thing is the common people got the very, very short stick (like my parents, who lost their jobs, their city apartment and who had to resort to literally subsistence agriculture in a matter of 4-5 years maximum; I'm not from Russia, but still from the former communist space) while some lucky ones from amongst us became entrepreneurs and business leaders. Also, most of the really juicy assets (like almost of all our banking sector, our oil resources etc) got sold to Western companies, but that was a given if we wanted to become part of the European Union and of the West more generally speaking.
Yes, I've started to become more and more bitter as the years have gone by, I'm now almost the same age as my dad was in the mid-'90s, when all hell started to economically unravel. Nobody had asked my parents, or us, who were mere kids and teenagers back then, if we were agreeing to the sacrifices that they were going to impose on us.
I feel this. It's not much fun being a end of Millennial. Maybe other generations felt this getting passed over but in general my friends who are older than me by a few years have fared a lot worse than those who are a few years younger than me. Some punk song summed it up
Where we'll sell you dreams then make you work for free
They handed us an economy thats destined us for poverty
Then have the nerve to call us soft and lazy for complaining
Cause they're from a generation where you could be what you wanted to be
But baby I'm a 90's kid
https://link.springer.com/article/10.1057/s41294-021-00169-w