Search Results for: Sam Husseini and Janine R. Wedel

Jan 1 2000

Harvard’s ‘Best and Brightest’ Aided Russia’s Economic Ruin

Institute that advised 'reform' fed corruption

A 1992 front-page story in the Boston Globe (9/22/92), “Red Square Turns to Crimson,” announced proudly that Harvard experts were advising Russia in its conversion to capitalism. “Privatization stands as the centerpiece of Russia’s economic-reform program,” wrote the Globe. It was an equation the “best and brightest” from Harvard would drum home again and again to the media: privatization equals reform. The piece quoted the head of the Harvard Russia project, Andrei Shleifer: “Once you work with Russians for two weeks, you become a free-market enthusiast.” As more becomes known about the laundering of Russian money in Western banks, many […]