Word: shatalin
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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...
That would be a breathtaking plunge. The 500-day Shatalin program would reverse the basic aim of the Bolshevik revolution and Stalin's brutal overlay of collectivism by creating a nation of shopkeepers -- or more accurately, a federation of republics with economies built on private businesses, individually owned farms, entrepreneurial investments, and stock markets trading shares in competitive companies...
...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...
...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 of Soviet firms. The Soviets are already scrambling for Western trade to alleviate the acute shortages that have brought consumers to the verge of revolt. To ease the tobacco rationing that...
...prime minister of the Russian Federation, Ivan Silaev, said Monday that Russia would continue to push for private ownership of land. Boris N. Yeltsin, the Russian Federation president, has warned that if the national legislature does not adopt Shatalin's 500-day plan, Russia will move ahead with the reforms...