The economic weaknesses of the USSR and failure of reform
- Some historians argue that the USSR collapsed due to its economic weakness that can be traced back to the mid 1920's, when Stalin introduced collectivisation & the Five Year Plans.
- Russia had a 'command economy'- which are argued to have innate weaknesses & fundamentally ineffecient.
- Economic growth began to slow in the 1950's under Krushchev- stagnated completely under Brezhnev- collapsed under Gorbachev.
- Historians argue that these weaknesses exacerbated by government mismanaement & unsustainably high defence spending (arms race with USA)
- Economic collapse- political collapse inevitable
- Freidrich Hayek (economist) commented on command economy- everyone earns the same so there is no incentive to work harder.
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