Mikhail Gorbachev — "The market is a good servant but a bad master."
The market is a good servant but a bad master.
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More from Mikhail Gorbachev
"We need to democratize the party. To give more power to the rank and file."
"The Soviet Union will continue to exist."
"My wife, Raisa, is a very strong personality, and she is very much a part of my life."
"The Baltic states were annexed under Stalin. That’s a fact."
"The greatest danger is not the external enemy, but the internal one. Stagnation, bureaucracy, corruption."
About Mikhail Gorbachev (1931-2022)
Final General Secretary of the Soviet Union whose glasnost and perestroika reforms led to the USSR's dissolution and the end of the Cold War. Closely associated with Boris Yeltsin (his domestic rival and successor as Russian leader) and Ronald Reagan (Cold War counterpart and arms-control partner). For an intellectual contrast, see Vladimir Putin, Russian president (2000-2008, 2012-) — Putin has publicly called the Soviet collapse 'the greatest geopolitical catastrophe of the 20th century' — Gorbachev's signature achievement. Putin's two-decade political project has been organized around reversing Gorbachev's liberalization.