Transition Economies

[dar482]

I don't really know where to ask this, but I need to write an essay for my Transition Economics class, which deals with transition economies from socialism, like China, Central/Eastern Europe, and the Soviet Union. It can also deal with issues that they still have up until recently.
Can anyone help me with an interesting issue to write about?

 

[fsk]

Interesting issue: The USA actually resembles a communist dictatorship more so than a free market.

http://fskrealityguide.blogspot.com/2007/06/communist-manifestos-successful.html

You could write about how, via the Federal Reserve, income tax, and government regulations, the USA underwent the transition from a free market in the late 19th century to being a communist dictatorship in the present.

 

[dar482]

While that sounds somewhat interesting to read about, I think my professor would want the essay to deal with what we learned in class instead of looking the other way around.

 

[fsk]

I see, your professor wants you to regurgitate the lies he taught you.

How about the privatization in the former USSR? It basically was a loot and pillage operation by the former Communist party insiders, instead of truly turning over state operations to the people.

In fact, I heard that Gorbachev reassured the Politburo: "Don't worry, we can change our economy to 'capitalism' and the handful of you will still control the economy."