Nucks
RT History Department
- Joined
- Sep 2, 2007
- Messages
- 4,462
Yeah, but its still an explanation that's a bit far from the most likely alternative realities. Because being debt financed requires accountability that lenders are willing to believe, which the USSR didn't have.
Not having access to credit is not some weird quirk, rather a feature of countries that choose to largely reject credit as a concept due to political ideology.
It also seems more relevant to me that estimates of productivity in the soviet economy show absolute stagnation from 1970-1989.
Sure, but you take a struggling system, and you remove the burden of military spending, and you still have a struggling system. You add that burden back, and it goes from a struggling system, to a system that is going to collapse because its back breaks.