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http://www.foreignpolicy.com/articles/2011/06/20/everything_you_think_you_know_about_the_collapse_of_the_soviet_union_is_wrong http://www.foreignpolicy.com/arti
by malkia 14y ago
http://www.foreignpolicy.com/articles/2011/06/20/everything_you_think_you_know_about_the_collapse_of_the_soviet_union_is_wrong http://www.foreignpolicy.com/articles/2011/06/20/everything_...
"The sharp drop in oil prices, from $66 a barrel in 1980 to $20 a barrel in 1986 (in 2000 prices) certainly was a heavy blow to Soviet finances. Still, adjusted for inflation, oil was more expensive in the world markets in 1985 than in 1972, and only one-third lower than throughout the 1970s. And at the same time, Soviet incomes increased more than 2 percent in 1985, and inflation-adjusted wages continued to rise in the next five years through 1990 at an average of over 7 percent."