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In the eighth John Bonython Lecture, Václav Klaus, Finance Minister of Czechoslovakia, gives an account of his government’s attempts to move away from a socialist system towards a free-enterprise system. Originally an advocate of a ‘market economy without adjectives’, he now calls for ‘an unconstrained, unrestricted, full-fledged, unspoiled market economy’. Progress towards this is slowed by opposition from old-style socialists, encouraged by the advice of Western Keynesians and interventionists. ‘But we will not given up, we will not let them win, we have to demonstrate that socialism can be dismantled’.
