this post was submitted on 21 Aug 2026
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[โ€“] ZILtoid1991@lemmy.world 15 points 1 day ago (1 children)

And when the Eastern Bloc dissolved, government owned corporations got sold off to western ones, for pennies, all to be shut down in a few weeks. If not, usually they got boycotted, because the kids finally could buy western brands, which made you look cool among your peers.

[โ€“] lemmyvore@feddit.nl 2 points 5 hours ago

Eastern Europe sold its stuff away mainly because of local corruption. Local factories would get sold as scrap by one wise guy and a couple of his friends in the budding government fresh after a revolution because they could make a quick buck and set themselves up for more similar opportunities. Also "scrap" claim would take a long time to be investigated and never amount to anything.