Napoleon fled Moscow, but left his economics behind

posted by
May 1, 2011
Adam Smith Institute
by Max Titmuss  
Posted in Commentary

"The war between capitalism and central-planning was won in 1989, or so I keep being told. The free-market forces of the West overcame the stagnant, centrally-planned economy of the USSR and heralded a new era of wide-spread market liberalisation and economic prosperity: factories once producing T-34s and Ladas began churning out what people actually wanted: refrigerators and washing machines. But was it really the first time that capitalism had triumphed over its catastrophically devised nemesis?" (05/01/11)  

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