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
Gaza hospital struck twice by Israel killing journalists and rescuers

Gaza hospital struck twice by Israel killing journalists and rescuers

Israel struck one of the main hospitals in the Gaza strip on Monday 25 August and then hit the facility again as journalists and rescue workers rushed to the scene, killing at least 20 people and wounding many more, local health workers said. It was among the deadliest of multiple Israeli strikes that have hit both hospitals and journalists over the course of the 22-month war, Associated Press reported. The assault came as Israel plans to widen its offensive to heavily populated areas, vowing to destroy Hamas after its 7th October attack in 2023.

Popular

Editor's choice
News
Gaza hospital struck twice by Israel killing journalists and rescuers

Gaza hospital struck twice by Israel killing journalists and rescuers

Israel struck one of the main hospitals in the Gaza strip on Monday 25 August and then hit the facility again as journalists and rescue workers rushed to the scene, killing at least 20 people and wounding many more, local health workers said. It was among the deadliest of multiple Israeli strikes that have hit both hospitals and journalists over the course of the 22-month war, Associated Press reported. The assault came as Israel plans to widen its offensive to heavily populated areas, vowing to destroy Hamas after its 7th October attack in 2023.