this post was submitted on 11 May 2026
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[–] folaht@lemmy.ml 1 points 1 month ago* (last edited 1 month ago) (1 children)

Was it because of Krushchev's reforms?
Stagnation started right after the petrodollar scheme and SWIFT coming online.

[–] yogthos@lemmy.ml 9 points 1 month ago (1 children)

I'd argue Krushchev set the stage because he abolished artels which led to all the problems USSR had with light industry. Had USSR retained a mix of state industry and cooperative driven market economy, it would've developed in a similar way to China today except without a capitalist class.

[–] jack@hexbear.net 8 points 1 month ago* (last edited 1 month ago) (1 children)
[–] yogthos@lemmy.ml 7 points 1 month ago