Following up with a patron request, this video discusses the economy of the Soviet Union and why a centrally planned economy is too slow and successful to succeed. In fact, when the Soviets did succeed, they had to borrow from Capitalism to do so.

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Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for -fair use- for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.

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Academic Sources:

Malia, M. (1994). The Soviet Tragedy: A History of Socialism in Russia, 1917-1991. New York, NY: The Free Press.

Popov, V. & Shmelev, N. (1989). The Turning Point: Revitalizing the Soviet Economy. New York, NY: Double Day.

Sowell, T. (2014). Basic Economics. New York: Basic Books.

Von Mises, L. (1990 [1990]). Economic Calculation in the Socialist Commonwealth. Trans. S. Adler. Auburn, AL: Mises Institute.

Articles Cited:

https://www.investopedia.com/articles/investing/021716/why-ussr-collapsed-economically.asp

http://spartacus-educational.com/RUSfive.htm

https://dailyhistory.org/How_Joseph_Stalin_became_the_leader_of_the_Soviet_Union

http://www.historylearningsite.co.uk/modern-world-history-1918-to-1980/russia-1900-to-1939/the-russian-civil-war/

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