Anatoly Chubais Quotes
There is a state that is able to understand the demand in the economy. That state should use prices as an instrument for implementation of this understanding.
Chubais, Anatoly. Interview. Commanding Heights, PBS, 3 Oct. 2000.
To the modern reader utterances such as this from a Conservative Prime Minister seem astounding. However, the Great Depression existed in Canada as well as the United States, and Franklin Delano Roosevelt was not the only world leader who would reach the conclusion that business and capitalism must be profoundly regulated and the system changed if it was to be saved.
Collection of Spoken Words of the Prophet. Ironically, despite the reverence with which words of the Hadith are accorded in Islam, from time to time Muslim theologians and authorities have attempted to establish “fair prices” despite this free market view of the Prophet.
Hoover was the Food Administrator at that time. Although he gave lip service to the free market economy concept, he was proposing government price controls and rationing. When the free market was not functioning, at this time in his career, he was willing to use government controls and regulation. By the end of 1918 over 250,000 food-handling corporations, firms, and individuals were under Food Administration licenses. Meat, fish, poultry, eggs, butter, milk, potatoes, fresh and dried vegetables, and fruits, canned goods, the coarse grains and rice, vegetable oils, coffee, and such various commodities accessory to food-handling, as ice, ammonia (for ice-making), arsenic (for insecticides), jute bags, sisal, etc., were under direct control. Ironically, later when he was President and faced with the Great Depression, he had become much more rigid and would not “interfere” with the free, private market and use government to solve the national problems. It was Franklin Delano Roosevelt who did that after Hoover would not. At the time he gave this speech, Hoover was not very political and was more of a technocrat. It may have been that by the time he became President he was intellectually and politically locked in to Republican Party conservative economic ideology.
Anatoly Borisovich Chubais is a Russian politician and businessman who was responsible for privatization in Russia as an influential member of Boris Yeltsin's administration in the early 1990s. During this period, he was a key figure in introducing market economy and the principles of private ownership to Russia after the fall of the Soviet Union.
