Russia's Bitter Taste of Capitalism

Witness History

BBC

History, Personal Journals, Society & Culture

4.4 • 1.6K Ratings

🗓️ 4 April 2018

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Chaos and hardship hit Russia with the rapid market reforms in early 1992, weeks after the collapse of the USSR. Dina Newman has been speaking to one of the architects of this "shock therapy", the economy minister Andrei Nechaev.

Photo: an old woman outside McDonald's in Moscow, circa 1992. Credit: Dina Newman archive.

Transcript

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1:30.0	Hello, you're listening to the Witness Podcast, history as told by the people who were there,
1:39.2	with me, Dean and Newman. Today we go back to the first months of 1992 when market reforms in Russia put an
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