During Stalin’s rule, the Soviet Union abandoned markets in favour of a pure command economy, and industrialized at the fastest possible pace…
Tag: summary
The Russian Odyssey: 1985-1991
Mikhail Gorbachev attempted to introduce market-oriented economic reforms in the late 1980s. They were too little, too late. The Soviet Union collapsed in December 1991…
The Holodomor and Mao’s Famine
The Communist governments of Stalin and Mao were responsible for two of the worst famines in history…
Merchants and Mechanics 