The Gaslighting of Eastern Europe
In the 1990s, 400 million people across Eastern Europe lived through an economic collapse deeper than the Great Depression. Mass privatization depressed prices, Western investors outbid domestic buyers, and 鈥渞estructuring鈥� meant mass layoffs. With prices low, asset stripping and liquidations multiplied. Rapid liquidation of state enterprises caused widespread unemployment just as prices rose, and social […]