U.S. Assistance for Market Reforms
Foreign Aid Failures in Russia and the Former Soviet Bloc
By Janine R. Wedel
This article appeared in the Winter 2000 issue of The Independent Review
Ten years later, the United States must recognize the peril of what has replaced the Iron Curtain: a black hole that sucks in billions of dollars in loans, grants, training and technical assistance which never again see light. Rather than helping to dissipate the legacies of communism, U.S. aid has reinforced the destructive legacies of suspicion, central planning and politicization of the economy.