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To: PeterPrinciple

“How did the cash flow stop for the Soviet Union?”

The problem with the USSR was that without a market system the command economy relied on the notion of “work hard or you will be shot.” Once Gorbachev removed the heavy handed restrictions workers stopped showing up and the economy collapsed.


4 posted on 01/20/2022 7:12:30 AM PST by Renfrew
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To: Renfrew

The problem with the USSR was that without a market system the command economy relied on the notion of “work hard or you will be shot.” Once Gorbachev removed the heavy handed restrictions workers stopped showing up and the economy collapsed.


It was not a single point of cause and neither will it be here.

At some point the cash flow will stop here also.


5 posted on 01/20/2022 7:14:56 AM PST by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: Renfrew

Not exactly. Reagan properly understand that the Soviet Union had a third world economy. He setup a plan to cut off hard money revenue sources, the biggest being oil and gas exports. Baker as Treasury made the dollar super strong which, along with getting the Saudi to pump like crazy, collapsed the price of oil to $10, starving the Soviet cash flow.


7 posted on 01/20/2022 7:30:24 AM PST by BiglyCommentary
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