Re: The joy of Democracy

Lynn Wheeler <lynn@garlic.com> writes:

Later somewhat replay of the 1940 celebration, there was conference of
5000 industrialists and corporations from across the US at the
Waldorf-Astoria, and in part because they had gotten such a bad
reputation for the depression and supporting Nazis, as part of
attempting to refurbish their horribly corrupt and venal image, they
approved a major propaganda campaign to equate Capitalism with
Christianity.
"https://www.amazon.com/One-Nation-Under-God-Corporate-ebook/dp/B00PWX7R56/

 ... then "Was Harvard responsible for the rise of Putin" ... after
the fall of the Soviet Union, those sent over to teach capitalism were
more intent on looting the country (and the Russians needed a Russian to
oppose US looting). John Helmer: Convicted Fraudster Jonathan Hay,
Harvard's Man Who Wrecked Russia, Resurfaces in Ukraine
http://www.nakedcapitalism.com/2015/02/convicted-fraudster-jonathan-hay-harvards-man-who-wrecked-russia-resurfaces-in-ukraine.html
If you are unfamiliar with this fiasco, which was also the true
proximate cause of Larry Summers' ouster from Harvard, you must read an
extraordinary expose, How Harvard Lost Russia, from Institutional
Investor. I am told copies of this article were stuffed in every Harvard
faculty member's inbox the day Summers got a vote of no confidence and
resigned shortly thereafter.

... snip ...

How Harvard lost Russia; The best and brightest of America's premier
university came to Moscow in the 1990s to teach Russians how to be
capitalists. This is the inside story of how their efforts led to
scandal and disgrace (gone 404, but lives on at wayback machine)
https://web.archive.org/web/20130211131020/http://www.institutionalinvestor.com/Article/1020662/How-Harvard-lost-Russia.html
Mostly, they hurt Russia and its hopes of establishing a lasting
framework for a stable Western-style capitalism, as Summers himself
acknowledged when he testified under oath in the U.S. lawsuit in
Cambridge in 2002. "The project was of enormous value," said Summers,
who by then had been installed as the president of Harvard. "Its
cessation was damaging to Russian economic reform and to the
U.S.-Russian relationship."

... snip ...

There was proposal to establish 5000 local bank operations around Russia
(as part of promoting capitalism), running approx @$1m, needed sequence
of financial dealings starting with $5B of Russian natural resources
... until financing was available for the bank institutions. All the
efforts collapsed with the US-style kleptocracy capitalism (which has a
long history predating the banana republics).

--
virtualization experience starting Jan1968, online at home since Mar1970