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The Law on Cooperatives, enacted in May 1987, was perhaps the most radical of the economic reforms during the early part of the Gorbachev era. For the first time since Vladimir Lenin's New Economic Policy, the law permitted private ownership of businesses in the services, manufacturing, and foreign-trade sectors. The law initially imposed high taxes and employment restrictions, but it later revised these to avoid discouraging private-sector activity. Under this provision, cooperative restaurants, shops, and manufacturers became part of the Soviet scene.
Gorbachev's introduction of glasnost (openness) gave new freedoms to the people, such as a greater freedom of speech; a radical change as control of speech and suppression of government criticism had previously been a central part of the Soviet system...
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Common topics in this essay:
- Ronald Reagan
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