The UK study blames rapidly rising unemployment resulting from the break-neck speed of reform.But privatization is always good! So says Alan Greenspan, Margaret Thatcher, Lawrence Summers, Rahm Emmanuel, Bill Clinton, and on and on.
The researchers said their findings should act as a warning to other nations that are beginning to embrace widespread market reform. . . .
The researchers examined death rates among men of working age in the post-communist countries of eastern Europe and the former Soviet Union between 1989 and 2002.
They conclude that as many as one million working-age men died due to the economic shock of mass privatisation policies.
Following the break up of the old Soviet regime in the early 1990s at least a quarter of large state-owned enterprises were transferred to the private sector in just two years.
This programme of mass privatisation was associated with a 12.8% increase in deaths.
The latest analysis links this surge in deaths to a 56% increase in unemployment over the same period.
Wednesday, January 14, 2009
The BBC reports that rush privatize following the break-up of the Soviet Union brought with it a rise in mortality among men.