Skip to content

‘Shock therapy’, or rapid mass privatisation, in the former Soviet bloc 1990s was responsible for the early deaths of 1m people. This is the principal conclusion of a paper published in the medical journal 'The Lancet' (15.01.09). Not only did privatisation devastate the economy and the means of feeding, clothing and housing their people; it also shredded the social welfare system and all the social support mechanisms built up over decades. As a result unemployed, desperate people with no hope just went to pieces.