‘Ukraine needs economic freedom, not foreign aid’ – Ron Paul
Source: rt.com
Ukraine needs a new economic system but not just a bailout program that would impoverish people rather than help them, former US Congressman and presidential candidate Ron Paul told RT.
“If you just bail them out, like we just bailed out all our rich people during 2008-09, the system continues, but the poor get poorer and the middle class keeps shrinking,” he said on RT’s SophieCo show.
Ron Paul believes that the Ukrainian people need “freedom, and the concept of property rights,” - they also need to work hard, have an incentive system and get rid of central economic planning, and “they would recover.”
“I don’t think a penny is going to go to the people; they’re going to get a freeze in their wages, and they are going to have higher prices for their fuel and their taxes are going to go up. So there is no benefit,” Paul added.
He claims that the foreign aid packages never go to the people as that money is actually taken from them, which makes them even poorer.
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“I have an ideal for a society which is free markets and personal liberty and limited government, and I think we should do it and set an example, and then others might want to say, ‘Hey, why is America doing so well,’ so I want to influence them, but not with force, not by invasions and guns and propaganda,” he told RT.
Read the full article at: rt.com
READ: IMF Offers Ukraine up to $18 Billion in Loans
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