Latvia’s Cruel Neoliberal Economic Experiment

Economics / Eastern Europe
Apr 13, 2010 - 02:50 AM

By: Michael_Hudson

Latvia is being devastated by two global wars. On the geopolitical front is the Cold War’s coup de grâce. Neoliberals have managed to de-industrialize Russia and the rest of the former Soviet Union, persuading parliaments to dismantle government support for economic renewal. The “Washington Consensusâ€