CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Rules of Retirement Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
TODAY'S LEADERS LOOK TO TOMORROW WORLD NIKOLAI SHMELEV SOVIET ECONOMIC REFORM WILL TAKE YEARS
By Nikolai Shmelev Marshall Loeb Shmelev, 53, is a member of the Congress of People's Deputies. An economist, he has long advocated market-oriented reforms. He talked with Marshall Loeb.

(FORTUNE Magazine) – No changes we make in the economic area are worthwhile without price reform. Everybody knows we have to do it; everybody is afraid to do it. We have to raise prices of food, rent, transportation. But people don't even want to hear about higher prices. For Gorbachev, the most dangerous opposition is among regional party leaders. We have some quite influential young, middle-ranking leaders who don't like perestroika. There is also serious resistance at lower levels, at the grass roots. It will take years, maybe decades, to overcome it. We have three million supervisors on farms. What should we do with them? Still, I don't see any insurmountable obstacles to Gorbachev. In my youth I knew Nikita Khrushchev quite well. He was a big figure in our history. But Gorbachev has some indisputable advantages over him. He is much more literate, much more educated, much more shrewd. He is a serious politician. I think Westerners know more of his good qualities than our people do. They judge mostly by empty shelves in shops. What we need is simple peasant common sense. Gorbachev is trying to revive this great country.