- 04 Dec 2014 08:30
#14494462
The Soviet Union was the world's Second Largest Economy so the whole "backward economy" argument is out the window. There are a couple real factors though and Reagan had little to do with them.
1) Soviet Demographic cliff because of WW2 meant the 80s was a period of declining consumption (deflation).
2) Chernobyl blew up 1/4th of all Soviet Agricultural land and cost $17Trillion USD in today's money.
3) Gorbachev's Glasnost delegitimized the government (imagine if the next President admitted 9/11 was in fact an inside job?)
4) Gorbachev wanted to end the state ownership system, but in doing so began to sell off large portions of public wealth to private buyers.
In conclusion I'd say the Soviet Union imploded inspite of Reagan not because of Reagan.
1) Soviet Demographic cliff because of WW2 meant the 80s was a period of declining consumption (deflation).
2) Chernobyl blew up 1/4th of all Soviet Agricultural land and cost $17Trillion USD in today's money.
3) Gorbachev's Glasnost delegitimized the government (imagine if the next President admitted 9/11 was in fact an inside job?)
4) Gorbachev wanted to end the state ownership system, but in doing so began to sell off large portions of public wealth to private buyers.
In conclusion I'd say the Soviet Union imploded inspite of Reagan not because of Reagan.