USSR Collapse

I have long wondered about the reasons collapse of the Soviet Union.  Military spending makes no sense, especially after decades of similar spending.  Ran across an article that is worth reading, if these things interest you:

Causes of the Soviet Collapse (1979-1991)

A quote from the end:

We have seen, however, that Communism, with all its failings, did not lead Russia into the economic precipice that was the result of “shock therapy” privatization, where the vast assets and industries of the Soviet state were auctioned to a few unscrupulous oligarchs, while a society that had been structured around a state-dependent economy was suddenly stripped of its publicly owned capital. This neoliberal policy stroked Western egos about the intrinsic superiority of liberal capitalism, while at the same time enabling foreign investors to profit immensely.

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