Transformation just uncovered all the lies and sins of previous communist system. Once state run enterprises were allowed to file banktruptcy 30% of them failed immediately. Country was also hit by hyperinflation like a hammer because previous system was printing money like crazy and “fixing” it by price controls and food rationing.
So he spent all of it on the failings of capitalism in the 90s?
Transformation just uncovered all the lies and sins of previous communist system. Once state run enterprises were allowed to file banktruptcy 30% of them failed immediately. Country was also hit by hyperinflation like a hammer because previous system was printing money like crazy and “fixing” it by price controls and food rationing.