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Exploiting Post-Soviet Russia
- The West's actions after the Cold War mirrored the Allies' treatment of Germany after WWI.
- This included exploiting Russia's economic vulnerability and engaging in a "looting operation."
Sachs's Experience in Russia
- Jeffrey Sachs attempted to aid Russia's economic transition but was met with resistance from Washington.
- He concluded that the US aimed to keep Russia weak for exploitation.
Devastating Consequences of Shock Therapy
- Russia's economic collapse under IMF shock therapy led to a drastic drop in life expectancy for men.
- This, coupled with corruption and looting, fueled resentment toward the West.