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    The document discusses the commanding heights of the economy and the start of a world revolution in economic policies. It describes Margaret Thatcher and Ronald Reagan achieving difficult political tasks by adopting free market economic policies. It then discusses how Lenin's revolution and the Cold War led countries to adopt central planning and license raj systems. In the 1970s and 80s, countries began adopting free market reforms due to issues with central planning and the influence of thinkers like Milton Friedman. This included Chile moving away from Marxist president Allende's policies and Russia beginning privatization under Gorbachev.

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    Agony-of-Reform

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    The document discusses the commanding heights of the economy and the start of a world revolution in economic policies. It describes Margaret Thatcher and Ronald Reagan achieving difficult political tasks by adopting free market economic policies. It then discusses how Lenin's revolution and the Cold War led countries to adopt central planning and license raj systems. In the 1970s and 80s, countries began adopting free market reforms due to issues with central planning and the influence of thinkers like Milton Friedman. This included Chile moving away from Marxist president Allende's policies and Russia beginning privatization under Gorbachev.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    59 views20 pages

    Agony of Reform

    Uploaded by

    IT GAMING
    The document discusses the commanding heights of the economy and the start of a world revolution in economic policies. It describes Margaret Thatcher and Ronald Reagan achieving difficult political tasks by adopting free market economic policies. It then discusses how Lenin's revolution and the Cold War led countries to adopt central planning and license raj systems. In the 1970s and 80s, countries began adopting free market reforms due to issues with central planning and the influence of thinkers like Milton Friedman. This included Chile moving away from Marxist president Allende's policies and Russia beginning privatization under Gorbachev.

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    © All Rights Reserved
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    of 20

    COMMANDING HEIGHTS

    START OF WORLD REVOLUTION


    Britain’s Prime Minister Plan for the
    Commanding Heights

    Battle of Ideas

    Plan for the


    Commanding Heights
    •

    •
    Thatcher - Reagan Achieved the Most
    Difficult of
    All Political Tasks

    Strong Fortress of Reaganism:


    Convictions Reagan's Economic
    Policies
    •

    =
    Two different senses
    START OF A WORLD REVOLUTION
    START OF A WORLD REVOLUTION
    Lenin's Revolution Cold War
    • •
    • •
    • •
    • •
    Used Central Planning
    •
    •

    Permit Raj / License Raj


    •

    Self-Sufficiency
    •
    •
    1940s and '50s

    1960s

    1970s

    Dependency Theory

    Early 1970s
    Marxist President Salvador Allende
    01 • Gov
    •

    Society and State Owned Businesses


    02 •
    •

    The Chicago Boys and Pinochet


    03 • E
    •

    Painful Reforms

    04 • Damag
    •
    •
    1970s and 1980s

    Mikhail Gorbachev (1985)

    THE END OF SOVIET SYSTEM

    The Restructuring: Perestroika


    Soviet Free Fall

    Russia Tries to Privatize

    THE END OF SOVIET SYSTEM

    Property Becomes Theft


    •
    •
    •

    •
    •

    •
    •
    EFFECTS OF GOVERNMENT
    SHOCK THERAPY PROGRAM
    OVERSPENDING
    •
    •
    •
    •
    Gorbachev visited Beijing in
    1989
    •
    •

    Restructuring and “Market


    Socialism”
    •
    •

    Mid-1980s
    •
    •
    START OF WORLD REVOLUTION
    POLAND

    01
    INDIA
    04
    CHILE
    02
    RUSSIA

    05
    BOLIVIA
    03
    AGONY OF REFORM

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