Word: gorbachev
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...then the Soviet President delivered what was probably the unkindest cut of all to Ryzhkov. He indicated that he preferred not his Prime Minister's proposals but a radical plan drafted by the Yeltsin-Gorbachev commission, under the leadership of economist Stanislav Shatalin. "If you ask me," he said, "I am more impressed by the Shatalin plan." The Ryzhkov proposals, he noted, reflected an "uncertainty" about carrying out measures to rebuild economic confidence. Explained Gorbachev: "If there is a real plan to stabilize finances, money circulation, the ruble and the market, then we should adopt the Shatalin idea...
...basic goal of Gorbachev's perestroika had been the "restructuring" of centralized socialism; the Shatalin plan aims at the destruction of it, both the centralized aspect and the socialist aspect. Within two years, 70% of the nation's industrial enterprises would be privatized, with stock markets in Moscow and Leningrad trading shares in competitive firms. An even larger proportion -- perhaps 90% -- of businesses in the service and retail trading sectors would be put in private hands. A version of the Shatalin plan circulating in Moscow last week put it bluntly: "Mankind has not succeeded in creating anything more efficient than...
...Gorbachev discussed the Soviet Union's economic reforms later in the week with a gilt-edged delegation of American businessmen from 15 of the country's largest firms, who had gone to Moscow with Secretary of State James Baker and Secretary of Commerce Robert Mosbacher. Gorbachev hinted that the Soviet Union was prepared to open its doors wider to the outside world, noting, "We are ready to draw foreign, including U.S., investments on mutually beneficial terms." The Shatalin plan goes further: instead of the old system of joint ventures, foreign companies would have the right to acquire 100% ownership...
...would be shortsighted to ignore the experience of economic development in the U.S.," Gorbachev told the visiting businessmen. The changing mood in Moscow was enough to inspire one American participant, Paine Webber chairman Donald Marron, to declare, "Capitalism is coming to the Soviet Union...
...quite, at least not yet. Gorbachev, it turned out, is still beset by doubts over how to dismantle the centralized economy, and how quickly. Two weeks ago, he seemed determined to present a single economic program to the nation, combining elements from both the Ryzhkov and Shatalin programs. Gorbachev asked Abel Aganbegyan, one of the early architects of his perestroika policy, to draft the joint package. Last week the economist delivered his report to the Supreme Soviet. According to Aganbegyan, it had proved impossible "to make a single program out of the two." The compromise plan that he presented...