One of the problems with the economic progress in the transition countries from socialism to market economy is the state of property rights. You can improve business environment, trade, or monetary systems but never progress if the property (rights) is not protected well.
We commemorate the 50th anniversary of the Warsaw Pact armies’ invasion of Czechoslovakia in 1968, an event that in many respects showed to the whole world the desperation of people struggling for self-determination under totalitarian regimes.
Marx is on a victory march. Even in Slovakia. And despite the local uproar caused by European Commission President Jean-Claude Juncker´s recent visit to Marx´s childhood nest to commemorate the 200th anniversary of the philosopher´s birth by celebrating his intellectual heritage.
The Visio institute has just published the second issue of The Visio Journal, which offers several papers analyzing the degree to which the public policies and political institutions of former socialist economies have been supportive of economic freedom following the collapse of communism.
The Visio Journal invites suggestions for articles to the forthcoming issue devoted to “The Former Centrally Planned Economies 25 Years After the Fall of Communism”. Here you may find the call and a supporting document. The deadline for a submission of the proposal is January 5, 2018.
In 2017, the looming threat of communism has not vanished completely. According to a poll conducted by the Victims of Communism Memorial Foundation, 44% of American youth would prefer living under socialism, 7% under communism, and only 42% chose capitalism.
Years after communism failed spectacularly with the demise of the Soviet Union, long after the horrendous deeds of the collectivist dictatorships became well known, there are still people who have the audacity to laud mass murderers of the likes of Fidel Castro.
Funny thing is that even professors of economics in the United States themselves were often not able to see the worse performance and lagging of centrally planned economies. Too much of intellectual work sometimes makes people forget to look out of the window.
KSCM has no intention to transform itself into a modern leftist party. Its stance, supported by the extraordinary orthodox program, is close to pure Marxism and their proponents repeatedly tend to doubt the post-revolution development, deny the communist crimes and to praise the socialist era as something what should be followed
Ukraine shows that, when pressure is applied, Potemkin institutions reveal themselves for what they really are. The lessons for countries in the neighborhood, most of all Russia, should be apparent, as, although there are major differences between Ukraine and its anxious neighbor, at the most fundamental levels, the institutional stagnation is the same.