Fresh anti-crisis and reform programs have started to sprout up like mushrooms in a moist forest after Ukraine’s presidential elections. In reading some of them, however, I have come to understand that Ukraine could soon confront a fresh set of economic and bank-sector problems rooted in the unprofessionalism of the authors crafting these reform plans.
The non-integrated approaches being offered lack a basic understanding of contemporary economic knowledge and discussion. Furthermore, even the recommendations to Ukraine from the International Monetary Fund and World Bank have outlived themselves to some extent, as they are based on pre-crisis economic understandings.
In my opinion, the foundation of any new reform program should, ironically, be based on the following Marxist principle: “the truth is always concrete.” The stupidity of many people is immediately revealed when they get “concrete” in their actions. And so, confident in my own views, I will limit myself to laying out only “concrete recommendations” on how to pull Ukraine’s bank sector out of crisis