- cross-posted to:
- news
- cross-posted to:
- news
You gotta love when articles that decry the dangers of believing nonsense you want to believe write stuff like this:
Third, the Soviet Union was bankrupt, running trade deficits and borrowing money abroad. In contrast, despite the pressure of Western sanctions, Russia ran a $50 billion trade surplus last year. The Soviet planned economy was rigid and value-destroying, a sinkhole of state subsidies. Unlike the Soviet Union, Russia has a dynamic capitalist economy, well integrated into the global economy, and one whose entrepreneurs have been adept at evading Western sanctions.
Unlike the Soviet Union, Russia has a dynamic capitalist economy
Guarantee the person who wrote this has used the phrase "gas station with nukes" at some point
sinkhole of state subsidies
Liberal economists trying to understand central planning challenge