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
"The West should not gloat over the difficulties of Russia."
"We must overcome the inertia of the past. The resistance to change."
"I am not a dictator. I am a democrat. I believe in the power of the people."
"I believe in dialogue."
"The market is not a communist invention. It is a human invention."
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.