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The US simply had more free money to throw at whatever they wanted. > Germany recovered faster, Japan recovered faster and they've been hit very hard. USSR wor
by inkyoto 5y ago
The US simply had more free money to throw at whatever they wanted.
> Germany recovered faster, Japan recovered faster and they've been hit very hard. USSR worked until a point after which it couldn't compete with a market economy.
Ever heard of the Marshall plan that has aided the recovery of Western Europe? USSR did apply to participate in the US aid programme; however negotiations quickly fell apart after, due to vehement disagreements over the future of Germany. USSR has bailed shortly after (rightly or wrongly).
> China realized it and allowed people to run businesses.
You are not conflating post-WWII years with early 1990's, are you? They are somewhat 50 years apart from each other.