The Tragedy of Russia's Reforms: Market Bolshevism against Democracy

Workplace Democracy and Human Development: The Example of the Postsocialist Transition Debate

“…Voucher privatization was part of a larger program of "shock therapy" that advocated "jumping over the chasm" from socialism to the market all in one leap. It was a "Bolshevik" methodology applied to reverse the effects of Bolshevism, so the "shock therapists" were also called market Bolsheviks (Reddaway and Glinski 2001). The market Bolsheviks tried to legislate and install institutions such as stock markets, watchdog agencies, and publicly traded companies as if all that could be done practically overnight.…”