Yuri N. Maltsev of the International Center for Development Policy and a former Gorbachev reform team advisor, describes the miserable standard of living in the Soviet Union and explains how the economy could be fully privatized. But, his short-term outlook is extremely pessimistic. Presented by the Mises Institute at the Washington Court Hotel in Washington, DC, on 23 April 1990.
Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
Yuri N. Maltsev, Senior Fellow of the Mises Institute and professor of economics at Carthage College, worked as an economist on Mikhail Gorbachev's economic reform team before defecting to the United States in 1989. He has testified before the US Congress and appeared on CNN, PBS News Hour, C-Span, CBC, and other American, Canadian, Spanish, South African, and Finnish television and radio programs. He has authored and co-authored fifteen books and numerous articles. He is a recipient of the Luminary Award of the Free Market Foundation.