• ☆ Yσɠƚԋσʂ ☆OPM
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    2 months ago

    You gotta love when articles that decry the dangers of believing nonsense you want to believe write stuff like this:

    Third, the Soviet Union was bankrupt, running trade deficits and borrowing money abroad. In contrast, despite the pressure of Western sanctions, Russia ran a $50 billion trade surplus last year. The Soviet planned economy was rigid and value-destroying, a sinkhole of state subsidies. Unlike the Soviet Union, Russia has a dynamic capitalist economy, well integrated into the global economy, and one whose entrepreneurs have been adept at evading Western sanctions.

    • MarxMadness
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      2 months ago

      Unlike the Soviet Union, Russia has a dynamic capitalist economy

      Guarantee the person who wrote this has used the phrase “gas station with nukes” at some point

    • lil_tank
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      2 months ago

      sinkhole of state subsidies

      Liberal economists trying to understand central planning challenge