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28 April 2023, 15:42

Lukashenko explains his anti-market stance

VETKA DISTRICT, 28 April (BelTA) – Refusing to rely on pure market approaches in the development of the country contrary to world trends was the right thing to do. Belarus President Aleksandr Lukashenko made the statement during a conference with Gomel Oblast officials on 28 April, BelTA has learned.

Aleksandr Lukashenko said: “No need for any control, [free] pricing practices. Things went downhill. We are fed up with it. I've always deterred you. Contrary to world trends I was trying to deter you: calm down, keep the best practices from the Soviet times. Although I am not enamored with the Soviet system.”

The president remarked that he has been busy modernizing various systems throughout his life and while occupying various positions. He used some things and discarded other things. He even broke some things but created something new instead.

Speaking about approaches based on pure market, Aleksandr Lukashenko is convinced that the idea had been prompted from the outside. He said: “Look at Japan – 500 programs and plans are created all over the country. It is the minimum number that we know of. In other words, they rely on total planning. While we are told that Soviet planning is rubbish and the market can regulate everything. Americans will regulate. They have something to close holes with. If they underperform, they just print more dollars. Their domestic state debt is close to $27 trillion. They keep printing while inflation affects the entire world. They live at this expense. Yes, market is beneficial for them. If they lack some money, they print it and give it away.”

“Back then, the moment I met with Soros, I came to realize that we mustn't do it. And if we have to do it, we should do it calmly over years and decades. We must not do it in one go. But we were pushed so hard… If I failed to do it, the economy was branded as a non-market one. And a non-market economy results in expensive foreign loans and something else. And other nations don't want to talk to you. But I clenched my teeth and survived it, too,” Aleksandr Lukashenko remarked.

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