I don’t believe that this is a fair representation.
I recall back during the Greek debt crisis that the Greeks were complaining about Germany telling them to implement austerity measures. Except…they weren’t, they were (primarily) telling them to enforce tax collection:
http://www.oecd.org/competition/greece-competition-review-2013.htm
It’s not just important what the recommendation is, it’s also important what the actual person hears, what they do, and how well they do it. If I tell someone to earn more money and they interpret that as “Go rob a bank.” It’s not reasonable to point to their imprisonment and say, “Well, clearly, you gave them bad advise.”
The advise given to Yeltsin followed examples and analysis based on Chile, Bolivia, and West Germany after the war. Poland followed an alternate strategy of therapy and seems to be called a “success”, and Belarus skipped shock therapy altogether
If you compare some metrics on Poland, Belarus, and Russia:
Crime rate by year - Poland Belarus Russia
GDP per capita by year - Poland Belarus Russia
There’s really not much of a difference even though Poland is held up as a successful reform, Belarus tried to go the slow road, and Russia “failed”. They all had their crime rate double and then stay that way for some time. Probably, the real takeaway is that there is no good way out of Communism that we have yet discovered. There’s a limit to what you can do economically when you need a massive cultural shift. Probably the only way to do it successfully would be with a top-down occupational government like Japan post-WWII, that can preserve the peace and get outsiders, with a history of working in a modern economy, placed in a large enough number of positions to influence the process in the right direction and kick start everything.
Just from the name, I think it can be taken as assumed that “shock therapy” isn’t expected to be an entirely pleasant process. I think the hope would be that you move through it fast enough that it doesn’t have any long term effects.
Russia, prior to the Ukraine war, was doing pretty well economically. There was a large income gap but the average quality of life for the majority was fairly middle-class by our standards. So in terms of moving things onto a better path, quickly, it does seem to have been a success. There was a 5-10 year period of suckiness, during the shock years, and then it all straightened out and largely went the right way.
Note: The Macrotrends data for crime Poland didn’t include 1989 data and so doesn’t show the initial jump. It also skipped from 2000 to 2008, without intervening years. Thus, I am using a different source even though this could mean that the methodology was different. For purposes of detecting trends, rather than doing numeric comparisons, I feel like that’s okay.