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Markets Brought about Freedom in Eastern Europe

By: Peters, Tom | THE JOURNAL RECORD, January 24, 1990 | Article details

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Markets Brought about Freedom in Eastern Europe


Peters, Tom, THE JOURNAL RECORD


The ``greed decade'' may be history, but you'd not prove it by my recent clipping pile.

A California firm will trim your Christmas tree for up to $3,000. Silicone calf implants for men are the rage. The U.S. Postal Service proclaimed the North Pole to be in Atlanta, peddling the rights to Santa's zip code to Coca Cola. Pat Sajak auctioned to People magazine exclusive coverage of his wedding.

Though a lover of free markets, I find these examples obscene. On the other hand, I am enthralled by the revolutions in Eastern Europe. It made 1989 the most propitious year for human freedom since the French Revolution in 1789.

Oddly, there is a direct …

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