Having the best ideas for the many makes no difference… – Fred Harrison (Part III)
Listen to Shepheard Walwyn Podcast
In 1990, Fred had an opportunity to work with the former USSR as it transitioned from a communist economy. All assets were in state hands so it would seem that having an economic system built for the people would be an obvious choice. It was obvious and so it was stopped. As Fred explains, having a successful and fair economy went against the economic interests of the few.