Korea: March 15, 2005

Archives

Economic reforms in North Korea are backfiring. For three years, it has been legal to openly buy and sell many things at market rates. There had always been a black market in North Korea, but it was very dangerous. The death penalty was common for such "economic crimes." But now government bureaucrats, and military officers, are using their positions to steal state property and sell it in the legal markets. This has increased unrest in the north, where the sharp differences in living standards were previously kept hidden. The open trade in the legal markets has changed that, and revolution is in the air. 

X

ad

Help keep us a float!

Your support helps us keep our ship a float. We appreciate anyway you chose to help out. Visit us daily, subscribe, donate, and tell your friends.

You can support us in the following ways:

  1. Subscribe to our daily newsletter. We’ll send the news to your email box, and you don’t have to come to the site unless you want to read columns or see photos.
  2. You can contribute to the health of StrategyPage.
  3. Make sure you spread the word about us. Two ways to do that are to like us on Facebook and follow us on X.
Subscribe   Contribute   Close