#mongolia

Mongolia got the most wonderful Winter Olympics uniforms 👏👏👏

“We simply copied capitalism [from the West]. We did not consider the national conditions in Mongolia: the historical development of our country, the nomadic sector in our economy, how many inhabitants we have, and so on. We simply replicated [the West]. […] Enterprises were privatized. That was in my view the first major mistake. Many Mongolians lost their jobs. Highly skilled and trained individuals landed on the streets. The industries were destroyed. Some people managed to buy businesses and take them abroad and thereby became very rich. Others lost everything. There was suddenly a huge inequality in Mongolia. […] Agriculture was also ruined. Prior to 1990, we were exporting wheat. By 2000, we had to import 85 percent of our wheat from Japan and the USA. Within the space of 10 years, we ruined everything. This is what happened after we listened to the World Bank advisors that came to Mongolia. They had never been to our country. They knew nothing about the structure of socialist society and the nomadic economy. It was the same in Africa and Latin America. They told us that everything we built had to be ruined, and in the end, they ruined it very well.”