Dear CCI Friends,
Jeffrey Sachs is a name familiar to all who watched the breakup of the USSR and the devastating period that ensued in the 1990s. The ruble became worthless, hunger and death were omnipresent as the entire country and surrounding regions were plunged into a crisis for their survival. I remember this period very distinctly. It was tragic. Sachs learned that Harvard’s approach failed the Russian people. Check “The Power of Impossible Ideas” pages 81 – 85. Fortunately Sachs was a quick learner and is one of the most astute voices in the field regarding what needs to be done today with Russia and China. He is one of the few voices willing to discuss the entire history leading to the current crisis, a crisis that could have been avoided. I offer his essay for your consideration.
Sharon Tennison
Center for Citizen Initiatives