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Episode Two: The Agony of Reform

 

Chapter 1: Prologue 3:49

Chapter 12: The Miracle Year 6:57

 
  • A perilous interdependence
  • The capitalist revolution
  • Title sequence
  • Poland in crisis
  • A phone call ends the Cold War
  • Extraordinary politics
  • Watching the price of eggs
 

Chapter 2: The Ghosts of Norilsk 4:27

Chapter 13: Poland in Transition 2:39

 
  • Slow trains to Siberia
  • The gulag economy
  • The essence of Soviet power
  • Socialism's influence
  • Privatizing state industries
  • Solidarity loses support
  • The hardest hit had helped most
  • Poland's entrepreneurial drive
 

Chapter 3: Behind the Iron Façade 8:18

Chapter 14: Gorbachev Tries China 7:17

 
  • A double agent escapes
  • What Gordievsky knew
  • The true cost of military might
  • No water, no fire, no incentives
  • Yavlinsky's report
  • Gorbachev hesitates
  • Visiting Deng Xiaoping
  • No easy way out
 

Chapter 4: India's Permit Raj 3:04

Chapter 15: Soviet Free Fall 4:52

 
  • Central planning and corruption
  • Protection vs. innovation
  • The shortage economy
  • Hindustan vs. Toyota
  • Hard-liners strike back
  • The Soviet Union disintegrates
  • No one at the controls
  • The boys in pink shorts
 

Chapter 5: Latin American Dependencia 2:03

Chapter 16: Reform Goes Awry 4:26

 
  • A shared suspicion of trade
  • Doomed to underdevelopment?
  • Dependency theory explained
  • The cost of closed markets
  • Jump-starting the market
  • The old guard fuels inflation
  • Norilsk in despair
  • Belief undermined
 

Chapter 6: Counterrevolution in Chile 3:30

Chapter 17: India Escapes Collapse 3:16

 
  • The left wins an election
  • Allende is assassinated
  • An economy doesn't obey orders
  • Seeking a serious blueprint
  • Watching Russia go down
  • Bankruptcy ahead
  • Turning against the party
  • Ending the Permit Raj
 

Chapter 7: Chicago Boys and Pinochet 8:16

Chapter 18: Russia Tries to Privatize 5:33

 
  • What Chicago stood for
  • Cutting the tail off the dog
  • Growth at a high human price
  • A tainted legacy
  • Voucher capitalism
  • Bolshevik biscuits
  • Gaidar sacrificed
  • The Wild East
 

Chapter 8: Heresy in the USSR 8:08

Chapter 19: Loans For Shares 6:18

 
  • A campfire conspiracy
  • Enter Gorbachev
  • The pantyhose commission
  • New pressure from the West
  • Up against the Red Directors
  • Filatov of Norilsk
  • Fighting a Communist comeback
  • Yeltsin and the oligarchs
 

Chapter 9: Poland's Solidarity 7:32

Chapter 20: Closing the Deal 3:50

 
  • Thatcher's demand
  • The shipyards of Gdansk
  • A longing for freedom
  • The crucial meeting
  • This way or nothing?
  • Potanin takes Norilsk
  • Responsibility comes later
  • Russia defaults; Yeltsin resigns
 

Chapter 10: Bolivia at the Brink 7:07

Chapter 21: A Decade of Radical Change 7:38

 
  • Coups and hyperinflation
  • Bolivia confronts the tiger
  • Unreasonable amounts of money
  • Cocktails in La Paz
  • Poland begins to thrive
  • Mixed results in Latin America
  • India's new growth
  • Russia moves forward
 

Chapter 11: Shock Therapy Applied 4:48

   
  • The bad news all at once
  • Common economic sense
  • The effect on Latin America
  • We did it in a democracy
     

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