One Giant Step Backward

No matter what Yeltsin told Clinton, Moscow is setting its course away from radical reform

Suppose the monthly inflation rate in the U.S. was 20%, the output of the nation's industries had fallen 15% in a year, unemployment was rising across the country and the government was visibly inept. Suppose California and Texas had seceded, foreign communists were advising how to reconstruct the U.S. government, NATO had been disbanded, all U.S. military bases abroad had been closed and batches of the armed forces' most sophisticated weapons were being sold at bargain rates to former enemies.

That is the equivalent of what Russia is going through, and it would spell political backlash -- if not worse --...

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