>Lack of privatization in Post-Soviet states lead to massive human suffering. No, lack of rule-of-law and stochasticity (allowance of firms to succeed or fail

>Lack of privatization in Post-Soviet states lead to massive human suffering. No, lack of rule-of-law and stochasticity (allowance of firms to succeed or fail on their own merits) lead to massive human suffering. If you "privatize" everything without solid rule-of-law and with bank bailouts, you get massive human suffering and no growth. If you "nationalize" things without solid rule-of-law and without allowing experiments in new ways of doing things, you get massive human suffering and no growth.