Post

Conversation

After the Soviet Union collapsed, Poland, rather than transitioning slowly to a free market economy, pursued "shock therapy" by aggressively implementing bold and rapid market-oriented reforms under the Balcerowicz Plan. The result was an enormous amount of economic and social
Quote
Crémieux
@cremieuxrecueil
I would like to remind people that Poland is almost as wealthy as Britain and it's on track to surpass it in the mid-2030s.
Image
David Watson 🥑
Certainly this is the answer at the end of the day, but even that entails asking why the difference? It's complicated, but: 1) Russia was in worse economic shape in 1990 than Poland. 2) Poland did develope an plan for transition from state socialism as opposed to leaders in
It's because they joined EU and started receiving sizable amount of subsidies and investment. 35 years after the regime change, Poland is still a net recipient. Not saying the Poles didn't put in any effort, but it wasn't shock therapy.
Aka “shock therapy” is fucking retarded and doesn’t work because economics isn’t as simple as “muh free market”. But sure use “corruption” as an excuse and not any of the millions of other reasons it could possibly be.