How capitalism destroyed Eastern Europe ft. @YUGOPNIK

Check out Part 1: This video is part two of a two part series on privatisation made in collaboration with @YUGOPNIK - a fellow comrade from ex-Yugoslavia, whose channel is a source of incredibly insightful videos on a variety of economic, philosophical and cultural topics - from a marxist perspective. This video will provide insights into the examples of privatisation - how it was used to recolonize Eastern Europe and the horrific consequences thereof. For a theoretical and philosophical analysis of privatisation, I strongly recommend watching Yugopnik’s video first and, while you’re at it - be sure to take a look at the rest of his fantastic content, which has played a huge role in my own political journey and which I cannot recommend more. ►Support me on Patreon: ►Follow me on Instagram: ►Sources: - Michael Parenti - Blackshirts and Reds - Poverty in Eastern Europe and the CIS - Chapter 7 - Privatization in the countries of Eastern and central Europe and of the former Soviet Union - by Pekka Sutela (United Nations University) - Privatizing Russia - by Maxim Boycko, Andrei Shleifer, Robert W. Vishny - The Role of Oligarchs in Russian Capitalism - by Sergei Guriev and Andrei Rachinsky ►Timestamps 0:00 Introduction 0:45 P1 - Free market mythology and the betrayal of socialism 5:42 P2 - The one-way democracy of market reforms 11:08 P3 - The Soviet under siege 14:53 P4 - Plundering of the Soviet Union 17:16 P5 - Recolonising the east. Privatisation and foreign investment 20:34 Debt enslavement 23:10 Failing industry and agriculture 25:30 Societal collapse 29:09 Workers’ rights 30:24 P6 - Broadening “civil society“ to the uncivilized east - Women’s rights 31:10 Cultural decay 36:31 The European Union 39:07 P7 - The future and legacy of socialism ♪ Music ♫ HookSounds - Voices in the Dark Al Marconi - Moonlight Sonata Al Marconi - Dark and moody spanish guitar Ross Bugden - Flight Hymn