Mistreated Georgian Capitalism

The new left in Georgia has been quite consistent for years, arguing that the current socioeconomic problems are a result of liberal state practices combined with the opening of the local economy to global economic forces [neoliberal globalisation]. This is not the case, primarily for two reasons: first, there has never been a fully functioning market economy in Georgia, as evidenced by the rights of private property owners being continuously violated, and economic exchanges that were bound around de-facto monopolies. Second, no sector has actually suffered due to the wild influx of global capital; to the contrary the full investment potential has, in fact, never been used.

May 2, 2017 - Lasha Markozashvili