In view of the serious internal and external troubles in the country, Gorbachev had no choice but to announce the early convening of the 28th Congress of the CPSU and the first direct elections in the Soviet Union, and at the same time, the election of people's deputies to the 28th Congress and the election of deputies to the Supreme Soviet Council was also put on the agenda.
Because non-CPSU members were allowed to serve as candidates in this election, it effectively abandoned the one-tier system that the Soviet Union had always adhered to.
It was a crucial meeting on the future fate of the Soviet Union.
Therefore, this election campaign can really be described as a lot of attention, because a series of domestic reform activities in the past few years have made the CPSU no longer a united whole, including the conservatives represented by Ligachev and the new thinking represented by Yakovlev, and there are many followers within the CPSU.
However, with Seryosha's series of fruitful reforms in China, many young comrades in the party began to pay attention to him.
For these expectations, Seryosha felt overwhelmed.
Seryosha himself has unspeakable hardships, and he is not willing to go to the next level in his career at all.
What Seryosha really needs is an agent who can be controlled.
In Seryosha's view, Yeltsin, who was abandoned by both conservatives and New Thinkers, was the best candidate for him.
Seryosha is now tasked with reforming the Soviet Union, and he is well aware of the depth of the Soviet Union's economic ills, and it will not be an overnight task to completely reverse it.
At present, the economic lifeblood of the Soviet Union is still inseparable from the extraction of oil, natural gas, and mineral resources.
However, at present, the world economy is still running at a low level.
The explosion of the information industry may be within a year or two, but the information industry does not directly help the bulk trading of resource products.
Only when the world's economy is reinvigorated and consumption begins to become a new driver of economic growth will countries that depend on resources for their livelihoods reap economic growth as oil prices rise.
At this juncture, the world is facing a lack of investment.
This is especially true in Eastern Europe, where countries have just undergone a shift in their social system.
They are burdened with large amounts of foreign debt, and their governments and peoples are suffering from a sluggish domestic economy, insufficient supply of domestic goods, and severe inflation.
But this is a rare opportunity for Seryosha, who has long coveted which industrial companies in Eastern Europe are coveting.
Now, the new types of governments in Eastern Europe have no choice but to deal with large fiscal deficits and external debt.
In order to put the countries of Eastern Europe on the path of radical privatization that Seryosha desired.
Seryosha invited one of the hottest economists from South America to make an academic visit to Eastern European countries to stand up for Bank of Colombia.
The expert's name is Jeffrey Sachs, and he is now employed by the Bank of Colombia as an economic consultant for the Eastern European region, and Seryosha hired such a scholar solely because of his current well-known name in the economic world, the father of "shock therapy".
Jeffrey Sachs's reputation in the economics community is now skyrocketing, rivaling that of the Chicago School, which successfully carried out economic reforms in Chile.
Because Jeffrey Sachs's "shock therapy" is not an academic concept in an ivory tower, it has just been a great success in Bolivia, a barren country in Latin America.
Although Jeffrey Sachs was well-known in the economic world before, he did not have the status he has now.
He was just a respected professor in the economics department at Harvard University.
It wasn't until 1986, when Jeffrey Sachs was hired by the Bolivian president as an economic adviser to the Bolivian government, that his shock therapy really came into use.
Bolivia is a small country in South America, with almost no industry, and its economy is mainly based on agriculture, which is actually the most lucrative agricultural economy that provides coca, the raw material for drug production, to Escobar's drug cartel.
It was such a poor American country that in the mid-eighties fell into serious economic difficulties due to a series of investment and decision-making mistakes.
In 1984, Bolivia's external debt was $5 billion, and the interest payable that year was $1 billion, which was more than all of Bolivia's export earnings at that time.
By 1985, the Bolivian government's fiscal deficit had reached 4,869 trillion pesos, which was equivalent to one-third of Bolivia's GDP that year, when Bolivia's inflation rate was as high as 24,000, and the entire Bolivian economy had completely collapsed. is the so-called troubled times with heavy classics, heavy medicine.
In the face of this sinister economic environment, Jeffrey Sachs's radical shock therapy naturally came in handy.
Putting aside the esoteric principles of economics, Jeffrey Sachs's economic reforms are nothing more than three secrets: reducing all government spending, deregulating prices, and outright privatization.
When these measures were introduced, they had an immediate effect in Bolivia.
In the first week of its implementation in Bolivia, shock therapy was underpinned by a combination of massive government price reductions and spending cuts, as well as frenzied tax increases.
Inflation in Bolivia is finally under control.
The money supply in the market as a whole is not increasing because the government has canceled investment, and the almost crazy tax hike policy has brought more and more money back into the hands of the government, and the money in the market has decreased, so prices are not skyrocketing.
After controlling inflation, Jeffrey Sachs began to implement the second step of reform, which was to deregulate prices, so that prices and money began to be freely linked, and at the same time began large-scale privatization activities.
If price control had been deregulated alone, prices would have risen according to the money supply in the market at that time.
However, privatization has put prices on a downward path.
Because of privatization.
State-owned assets began to circulate in the market like commodities, such as government-controlled factories, which were not originally sold in the market.
But when complete privatization began, factories were put on the market like commodities.
All of a sudden, there were more commodities on the market, and prices naturally began to fall.
Jeffrey Sachs's approach was a great success in Bolivia, which was in the same situation as the Eastern European countries are today, with the same debts, the same hyperinflation, and the same vast amounts of assets.
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This gave Jeffrey Sachs the confidence to apply his shock therapy to Eastern Europe.
So under the arrangement of the Bank of Columbia, Jeffrey Sachs began his own trip to Eastern Europe.
Seryosha was well aware of Jeffrey Sachs's theory, and he was happy to see him as an economic adviser and reform promoter for Eastern European governments, because deflation, price liberalization, and outright privatization were all things Seryosha had been looking forward to for a long time.
Seryosha was sure that if the countries of Eastern Europe were to reform according to Jeffrey Sachs's shock therapy, the Gorky consortium would surely reap the greatest benefits t1706231537: