▲ 0 r/AskEconomics
I used to take the modern economy for granted and didn’t realize that not so long ago, nearly half the world still followed socialist or communist economic theories. Why didn’t the economists of the Soviet Union recognize that their system was flawed and change it sooner or did they truly not know?
Or it's because most of the capitalist countries at that time still very much brutal, right after WW2 after all the suffering cause by Nazi Germany they come back to invade and recolonization their formal slavery territory.
I mean, Portugal was still trying to enslave people in its colonies until the 1970s, and France returned to Indochina to impose domination right after their own people had suffered under Nazi Germany.
Which gave the Soviet Union the justification of what they did and they believe their economic role model is morally right and integrity
u/Square_Permission361 — 20 hours ago