Abstract

CAPITALIST SHOCK THERAPY

Wiener, Jon | June 25, 1990 issue

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It has been almost six months since Poland's Solidarity government adopted the capitalist shock treatment prescribed by Harvard economist Jeffrey Sachs--time for an initial assessment of the "Sachs plan" and of the 36-year-old professor the "Los Angeles Times" called "the Indiana Jones of economics." Sachs, like other privatizers and marketeers, calls for eliminating all subsidies and controls and opening Poland's economic doors to unfettered capitalism. Sachs persuaded Poland's leaders to gamble their country's future on one gigantic dose of free-market medicine.

See Also:

CAPITALISM; SACHS, Jeffrey; ECONOMISTS; ECONOMIC structure; CENTRAL planning; POLAND
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