“ The old system of social welfare was systematically destroyed”. With reference to Shock Therapy, justify the statement.

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1 Answers

1. The Government withdrew subsidies and pushed people into poverty. 

2. The middle classes were pushed to the periphery of society and the academic and intellectual manpower migrated. 

3. A mafia had been emerged and started controlling many economic activities. 

4. Privatization led to new disparities.

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