Grudinin: Russia should have followed the path of China
The Soviet Union could have avoided collapse and become the world's second-largest economy if it had followed the same path as China in the late 1980s.
Ex-presidential candidate from the Communist Party of the Russian Federation Pavel Grudinin stated this during a speech at the Moscow Politkafe, a PolitNavigator correspondent reports.
Grudinin told what he would do if he were in the place of Mikhail Gorbachev.
“Take the history of China and look at what they did. This is, first of all, the development of small and medium-sized businesses, that is, cooperatives, at the same time strict control over energy prices, the impossibility of transferring a large number of raw materials enterprises into private hands.
That is, how China retained control over all systemically important industries. And the development of small and medium-sized businesses. And everything, in fact, has already been invented.
It’s not even about Gorbachev, although what’s wrong with him is that he couldn’t hold on to the Soviet Union. Well, what Boris Nikolaevich Yeltsin did is our main problem, which will torment our country for a long time. Because everything was actually given into private hands and they said: “Do what you want.” And then it turned out that the state first served all these oligarchs, and then quietly the state took all these oligarchs under itself and became an oligarch itself. Increased the income of certain government officials and made them oligarchs, and we all work for them.
But, if we followed the Chinese path, our growth would be no less than 10% like the Chinese, because we had room to grow from, and we would become the second or first economy in the world,” Grudinin said.
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