Primakov warns against confusing neo-liberalism with genuine liberal values

Russia's verteran statesman and former Prime Minister, Yevgeny Primakov has blamed neo-liberal ideas for the slow-down in the Russian economy in 2013, but warned against confusing neo-liberalism with truly liberal requirements. 

Speaking at the Mercury Club, of which he is President, Primakov said neoliberals insist on the government's earliest possible pullout from the economy, while this course of action may exert a highly deplorable impact on its condition, according to a report carried by the Russian News Agency ITAR-TASS. "Would it be justified to claim that market mechanisms can ensure economic growth in Russia on their own today?" Dr. Primakov said. "No, of course not." He indicated that only big corporations, including the government-run companies, have a sufficient investment potential for implementing large-scale projects necessary for Russia's development today. "Given the underdeveloped character of free competition here, there's but a slim hope that small and medium-sized business can take on the role of a drive engine of development," Dr. Primakov said.

Primakov said however that neo-liberalism should not be confused with "genuine liberal values and truly liberal requirements like independence of the judiciary, struggle with corruption, incorruptibility of civil servants, or a mandatory observance of law," Dr. Primakov said.

source: commonspace.eu with ITAR-TASS

photo: Yevgeny Primakov.

 

 

Related articles

Editor's choice
News
Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell underlined that the European Union will make every effort to support the peace process and to remain a committed partner to the Afghan people. "Of course, we will have to take into account the evolving situation, but disengagement is not an option.  We are clear on that: there is no alternative to a negotiated political settlement, through inclusive peace talks.
Editor's choice
News
A shortened EU-China summit on Thursday will be a test for both sides

A shortened EU-China summit on Thursday will be a test for both sides

European Council President, Antonio Costa, Commission President, Ursula von der Leyen, and EU High Representative for Foreign and Security Policy, Kaya Kallas, will travel to Beijing next week to participate in the EU-China summit on Thursday (24 July). The summit has already been cut from two days to one, reflecting an increasing realisation on both sides that the chance of making progress on many issues in the bilateral agenda is small. The summit on 24 July, coincides with the 50th anniversary of relations between China and the EU, and no doubt China will want to throw a party. Chinese President, Xi Jinping, and prime minister, Li Qiange, are expected to participate in the summit. But the feeling in Brussels is that in the fifty years China had failed to create a level playing field. Whilst Chinese companies, academics and individuals had a free hand in the open European system across the continent, European companies struggled to exist , let alone compete, in China. In a key speech in 2023, van der Leyen spoke about the need of the EU to “de risk” its ties with China. But the issue that has really marred relations is Ukraine. China has failed to understand the significance of the situation in Ukraine for Europe. Chinese support for the Russian position diplomatically, as well as more tangibly, has cast a serious cloud over relations. This was seen clearly a few days ago in a four hour meeting in Brussels, between Kallas and Chinese foreign minister, Wang Yi, described as being “respectful, but tense”.

Popular

Editor's choice
News
A shortened EU-China summit on Thursday will be a test for both sides

A shortened EU-China summit on Thursday will be a test for both sides

European Council President, Antonio Costa, Commission President, Ursula von der Leyen, and EU High Representative for Foreign and Security Policy, Kaya Kallas, will travel to Beijing next week to participate in the EU-China summit on Thursday (24 July). The summit has already been cut from two days to one, reflecting an increasing realisation on both sides that the chance of making progress on many issues in the bilateral agenda is small. The summit on 24 July, coincides with the 50th anniversary of relations between China and the EU, and no doubt China will want to throw a party. Chinese President, Xi Jinping, and prime minister, Li Qiange, are expected to participate in the summit. But the feeling in Brussels is that in the fifty years China had failed to create a level playing field. Whilst Chinese companies, academics and individuals had a free hand in the open European system across the continent, European companies struggled to exist , let alone compete, in China. In a key speech in 2023, van der Leyen spoke about the need of the EU to “de risk” its ties with China. But the issue that has really marred relations is Ukraine. China has failed to understand the significance of the situation in Ukraine for Europe. Chinese support for the Russian position diplomatically, as well as more tangibly, has cast a serious cloud over relations. This was seen clearly a few days ago in a four hour meeting in Brussels, between Kallas and Chinese foreign minister, Wang Yi, described as being “respectful, but tense”.