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Stephen Sestanovich: Falling Oil Prices, the Saudis, and the Soviets – Washington Wire – WSJ

The desire to bring the economy into the modern world, the urge to rationalize and privatize—these are straight out of Mikhail Gorbachev’s playbook. (If you doubt this, read Prince Muhammad bin Salman’s recent Economist interview as well as Mr. Gorbachev‘s 1987 book, “Perestroika: New Thinking for Our Country and the World”—especially the section titled “On to Full-Cost…