Eastern Europe: How the Other Half Lives


While Russia's grain shortage makes the news, it is only the most prominent of a whole basketful of economic problems that plague the Communist bloc. COMECON, the eight-nation group created by the Communists in frank imitation of the Common Market, not only has failed to relieve the economic chaos in Eastern Europe, but in many ways has actually worsened it. So nightmarish is their job that the satellite economists have begun to grumble openly.

A group of leading Czech economists recently blasted nationalization and collectivization, and called for the introduction of...

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