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Gorbachev′s book Perestroika is used to explain why the author believes the new policy of restructuring of the Soviet economy cannot and will not work. The policies of Perestroika are introduced and evaluated and the existing socio‐economic system presented. At the end of this sceptical Western analysis, it is concluded that the policy is cosmetic restructuring and Gorbachev′s downfall, like Khruschev′s, is assured.

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