Creating Wealth Real Estate Investing - Archive Episodes 301-400

CW 384: Russia in the 1990’s From Global Superpower to Banana Republic with Phaedra Fisher Author of ‘Vodka Diplomacy’

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Synopsis

In 1991, the Soviet Union blew apart at the seams when Soviet president Mikhail Gorbachev resigned and handed over the nuclear missile launching codes to Boris Yeltsin, president of Russia, the largest republic. No one knew what would happen next. It was an exciting and scary time to for an American to visit, but that is just what Phaedra Fisher decided to do a few years later, in 1994. Jason Hartman welcomes Ms. Fisher, author of Vodka Diplomacy, to the microphone of The Creating Wealth Show to discuss her time spent in the aftermath of the fall of the Soviet Union. With degrees in Russian and economics, recent graduates like Fisher were in great demand as this former superpower tried to figure out how economic reform would play out after nearly a century of communism. Could these economies that had never experienced even a whiff of capitalism survive privatization and inflation? From the back cover of the paperback edition: “Every generation of university graduates believes they are going to change the wor