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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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
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