Recommended reading — how did the Soviet Union end.
US centric thinking was the heroic Ronald Reagan’s commitment to the Strategic Defense Initiative forced Russian spending to counter it and they could not manage that.
Better thinking looks at the price of oil in that timeframe. Reasonably high early 80s, cut by more than 1/2 in late 80s. Alaska oil arrived followed by the North Sea. Gutted Soviet revenue
But best thinking of all is the Soviets made what proved to be a horrible mistake in having monetary policy actually make sense. Their Central Bank was not empowered to QE beyond the economics ministry’s planning. The CB was not independent and capable of whimsical creation of meaningless pieces of paper that counterparties assigned value to.
THAT is why the Soviet Union fell. Go do some reading about the limits of their banking.
Those limits no longer exist. They can flood Russia with meaningless money, just like we do with the Fed’s QE.
and now the helicopter money from FED is causing natives to become restless. Inflation is eating up their raise plus much more. Housing is suddenly losing sales by double digits due to doubling of mortgage interest rates in just over a year. November elections should be interesting. I will stay up all night watching results, but I do that on every presidential election nights anyways.