Showing posts with label Shock Therapy. Show all posts
Showing posts with label Shock Therapy. Show all posts

Tuesday, July 14, 2026

“Yanks to the Rescue”: 30 years since the U.S. helped re-elect Boris Yeltsin

The 3rd of July marked the 30th anniversary of Boris Yeltsin's re-election in one of the most consequential presidential contests of the twentieth century. Western governments, corporate media and international financial institutions celebrated the result as a triumph of "democracy" over the alleged threat of a communist return. 

For the Russian working class, however, the election meant something entirely different. It marked the decisive consolidation of the capitalist counter-revolution that had begun with the dissolution of the Soviet Union.