Saturday, March 21, 2026

Ethiopia Moves Away from Marxist Economics

 The Washington Post published on 18 March 2026 an editorial titled "Ethiopia Starts to Bury Its Marxist Past."

The editorial comments favorably on floating Ethiopia's currency in mid-2024, allowing foreign banks to operate in the country for the first time, launching the first stock exchange of the modern era, and, especially, an ambitious privatization effort.  

While it also notes some serious challenges facing Ethiopia, it concludes that opening the economy can help make everything else easier for a country that has failed to live up to its potential for too long.