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1990s Russia after the collapse of the Soviet Union? Crash in standards of living, skyrocketing alcoholism and suicides, societal immiseration. https://www.npr
by Apocryphon 2y ago
1990s Russia after the collapse of the Soviet Union? Crash in standards of living, skyrocketing alcoholism and suicides, societal immiseration.
https://www.npr.org/sections/money/2022/03/22/1087654279/how-shock-therapy-created-russian-oligarchs-and-paved-the-path-for-putin https://www.npr.org/sections/money/2022/03/22/1087654279/how...
https://www.britannica.com/place/Russia/Post-Soviet-Russia https://www.britannica.com/place/Russia/Post-Soviet-Russia
https://www.nbcnews.com/health/health-news/alcohol-blamed-half-90s-russian-deaths-flna1C9450713 https://www.nbcnews.com/health/health-news/alcohol-blamed-ha...
An infestation of pyramid schemes (also happened in post-communist Albania, too, leading to civil war).
https://en.wikipedia.org/wiki/Pyramid_schemes_in_Albania https://en.wikipedia.org/wiki/Pyramid_schemes_in_Albania
https://en.wikipedia.org/wiki/1997_Albanian_civil_unrest https://en.wikipedia.org/wiki/1997_Albanian_civil_unrest
- nec4b 2y agoHow are the events you listed a consequence of too much free markets? You just proved my point with your examples. Collapse of the Soviet Union was literally a direct consequence of failed central planing. It didn't work that is way it collapsed, hence crash in standard of living. Pyramid schemes were also very popular in the eastern European countries before the fall of communism as well.
- Apocryphon 2y agoAnd what replaced central planning in those countries, and proved unable to stop the crash?
- WalterBright 2y agoThe various Soviet republics each tried differing approaches. The most free market one was Poland's, and Poland had the most success with it.
- Apocryphon 2y agoThat is interesting to hear and would be worth looking into.