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One aspect that I never hear about in the collapse of the soviet union. To what extent did opening the markets to quickly break soviet industry? While by the
by lumost 4y ago
One aspect that I never hear about in the collapse of the soviet union. To what extent did opening the markets to quickly break soviet industry? While by the 1990s Soviet industry was notoriously in-efficient compared to western counterparts - it still existed and functioned. Opening the flood gates seemed to result in everyone rapidly selling equipment for scrap and killed any existing supply chains.
Would the result have been different if Russia followed a Chinese model?
- nradov 4y agoThat's kind of a moot question because a slower transition was never even an option. The USSR was rapidly collapsing into anarchy. Especially in the outer areas, the security forces stopped obeying orders. In a lot of factories, workers simply left and looters hauled away everything of value. Industry ceased to function in a matter of months.
- lumost 4y agoI'd be interested in understanding the "rapid collapse" more. Do you have any good resources on this? Was this due to the USSR being dependent on coerced demand/supply from other communist block nations?